Kratos - M&A Summary and Business Overview

DefenseCompany

Kratos M&A Summary

Kratos has acquired 15 companies, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets.

Kratos’ largest acquisition to date was in 2011, when it acquired Herley Industries for $270M. It’s largest disclosed sale occurred in 2015, when it sold Kratos Defense & Security Solutions - Electronic Products Division to Ultra Electronics Holdings for $265M. Kratos has acquired in 9 different US states. The Company’s most targeted sectors include defense (24%) and business services (16%).

Kratos Business Overview

Where is Kratos headquartered?

Kratos is headquartered in San Diego, California.

What is Kratos’ revenue?

Kratos disclosed revenue of 898M USD for 2022 and 812M USD for 2021.

How many employees does Kratos have?

Kratos has 3,600 employees.

What sector is Kratos in?

Kratos is a defense company.

When was Kratos founded?

Kratos was founded in 1994.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity13
    • M&A Sell Activity2
  • Total Sectors Invested 9
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 3

Kratos

Kratos Defense & Security Solutions, Inc.

10680 Treena Street Suite 600,
San Diego, California 92131
United States,
(858) 812-7300
www.kratosdefense.com

Kratos is a specialized technology focused security business providing mission critical products, solutions and services for domestic and international customers. The Company designs, engineers and manufactures specialized electronic products, components, subsystems and systems for intelligence, surveillance, and reconnaissance (ISR), electronic attack, electronic warfare, radar, and missile system platforms; integrated product, software and technology solutions for satellite communications; products and solutions for unmanned systems; products and services related to cybersecurity and cyberwarfare; products and solutions for ballistic missile defense; weapons systems trainers; advanced network engineering and information technology services; weapons systems lifecycle support and sustainment; military weapon range operations and technical services; and public safety, critical infrastructure security and surveillance systems. Kratos was formed in 1994 and is based in San Diego, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 10 2 - 1 - - 13
vol $427M $80M $507M
Sell (0.0/yr) # 2 - - - - - 2
vol $334M $334M
  15

Most Recent M&A

Company Date Value Type
Southern Research - Engineering Division 2022-05-24 80M USD Divestiture
Birmingham, Alabama
5-D Systems, Inc. 2020-11-20 - Add-on Acquisition
Huntsville, Alabama · www.5dsystems.com
CPI ASC Signal Division, Inc. 2020-06-30 - Divestiture
Plano, Texas · www.ascsignal.com
Kratos Defense & Security Solutions - Kratos Public Safety and Security 2018-02-28 69M USD Divestiture
San Diego, California
Kratos Defense & Security Solutions - Electronic Products Division 2015-08-24 265M USD Divestiture
, Massachusetts
Composite Engineering, Inc. 2012-05-08 - Add-on Acquisition
Sacramento, California · www.cei.to
SecureInfo Corp. 2011-11-15 18M USD Add-on Acquisition
Chantilly, Virginia · www.secureinfo.com
Integral Systems, Inc. 2011-07-28 - Add-on Acquisition
, United States
Herley Industries, Inc. 2011-02-07 270M USD Add-on Acquisition
Lancaster, Pennsylvania · www.herley.com
Henry Bros. Electronics, Inc. 2010-12-15 - Add-on Acquisition
Fair Lawn, New Jersey · www.hbe-inc.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Gichner Systems Group, Inc. 2010-05-19 SCT Acquisition LLC (dba Southside Container & Trailer) 2010-12-07 1
Dallastown, Pennsylvania · www.gichnersystemsgroup.com Walterboro, South Carolina · www.southsidecontainer.com

M&A by Sector

Sector Buy # Value Sell # Value
Defense 3 (23%) 276M (54%) - -
Aerospace 2 (15%) - - -
Business Services 2 (15%) 80M (16%) - -
Electronics 1 (8%) - 1 (50%) 265M (79%)
Building Materials 1 (8%) 133M (26%) - -
Information Technology 1 (8%) 18M (3%) - -
Internet Software and Services 1 (8%) - - -
Software 1 (8%) - - -
Technology Hardware 1 (8%) - - -
Safety/Security - - 1 (50%) 69M (21%)
Total 13 $507M 2 $334M

By Geo

State/Country Buy Value Sell Value
United States 13 507M 2 334M
  Pennsylvania 3 403M - -
  Virginia 2 18M - -
  Alabama 2 80M - -
  California 1 - 1 69M
  Texas 1 - - -
  New Jersey 1 - - -
  Indiana 1 - - -
  Florida 1 6M - -
  Massachusetts - - 1 265M
Total 13 $507M 2 $334M

Top M&A Advisors

Financial Deals
B. Riley FBR, Inc.
2
Oppenheimer & Co.
1
Jefferies
1

Deal Values

buy # Total
$100M to $1B 2 $403M
< $100M 3 $104M
TOTAL $507M
Largest Herley Industries, Inc.
$270M (2011-02-07)
sell # Total
$100M to $1B 1 $265M
< $100M 1 $69M
TOTAL $334M
Largest Kratos Defense & Security Solutions - Electronic Products Division
$265M (2015-08-24)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
15%
2 (15%)
Divested to
Strategic(s)
100%
2 (100%)

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