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M&A Deal Summary

Acorn Growth Companies Acquires Black Sage

On July 11, 2019, private equity firm Acorn Growth Companies acquired information technology company Black Sage

Acquisition Highlights
  • This is Acorn Growth Companies’ 1st transaction in the Information Technology sector.
  • This is Acorn Growth Companies’ 13th transaction in the United States.
  • This is Acorn Growth Companies’ 3rd transaction in Idaho.
Investment Fate
  • Black Sage was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2019-07-11
Target Black Sage
Sector Information Technology
Buyer(s) Acorn Growth Companies
Deal Type Buyout (LBO, MBO, MBI)

Target

Black Sage

Boise, Idaho, United States
Black Sage is a defense technology integrator specialized in autonomous airspace protection solutions to take down small remote piloted aircraft systems. Black Sage employs a hardware-agnostic approach to integrating best-of-breed sensors with its proprietary artificial intelligence-enabled target tracking and defense automation systems to provide adaptable, end-to-end C-UAS systems. Black Sage was founded in 2014 and is based in Boise, Idaho.

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Buyer(S) 1

Buyer

Acorn Growth Companies

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Acorn Growth Company is a private equity group focused on aerospace and defense opportunities. Acorn looks specifically for companies engaged in aerospace parts manufacturing, aircraft modification and upgrades, engineering services, logistics, procurement and maintenance, repair, and overhaul. Acorn Growth was established in 2005 and is headquartered in Oklahoma City, Oklahoma.

DEAL STATS #
Overall 14 of 17
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 14
State (Idaho) 3 of 3
Country (United States) 13 of 14
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 DIMO

New Castle, Delaware, United States

DIMO is a value-added distributor of operationally critical parts and higher-level assemblies for power, electromechanical, life support, and mission-specific aircraft systems. DIMO was founded in 1994 and is based in New Castle, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 Robbins-Gioia

Alexandria, Virginia, United States

Robbins-Gioia specializes in program management services for the federal government. Robbins-Gioia provides unique systems modernization and enterprise solutions focused on enhancing capabilities and improving performance and readiness for the federal government and industry. Robbins-Gioia was founded in 1980 and is based in Alexandria, Virginia.

Buy -
Mergr

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