M&A Deal Summary

AeroVironment Acquires BlueHalo

On November 19, 2024, AeroVironment acquired information technology company BlueHalo from Arlington Capital Partners for 4.1B USD

Acquisition Highlights
  • This is AeroVironment’s 3rd transaction in the Information Technology sector.
  • This is AeroVironment’s largest (disclosed) transaction.
  • This is AeroVironment’s 6th transaction in the United States.
  • This is AeroVironment’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2024-11-19
Target BlueHalo
Sector Information Technology
Buyer(s) AeroVironment
Sellers(s) Arlington Capital Partners
Deal Type Add-on Acquisition
Deal Value 4.1B USD
Advisor(s) J.P. Morgan Securities (Financial)
Goodwin Procter (Legal)

Target

BlueHalo

Arlington, Virginia, United States
BlueHalo is a provider of advanced engineering solutions for a variety of space superiority, directed energy, missile defense, specialized training and simulation, C4ISR, and analytics programs. BlueHalo was founded in 2019 and is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

AeroVironment

Arlington, Virginia, United States

Category Company
Founded 1971
Sector Aerospace
Employees1,403
Revenue 717M USD (2024)
DESCRIPTION

AeroVironment is a technology solutions provider that designs, develops, produces, supports and operates an advanced portfolio of Unmanned Aircraft Systems (UAS) and electric transportation solutions. AeroVironment was founded in 1971 and is based in Arlington, Virginia.


DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (Virginia) 2 of 2
Country (United States) 6 of 6
Year (2024) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 Tomahawk Robotics

Melbourne, Florida, United States

Tomahawk Robotics is an AI-enabled robotic control system that operates Kinesis Ecosystem, an AI-enhanced and open architecture common control system that integrates the network of battle-proven UxVs, sensors, and 3rd party software seamlessly onto a single pane of glass. Tomahawk Robotics was formed in 2018 and is based in Melbourne, Florida.

Buy $120M

Seller(S) 1

SELLER

Arlington Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.


DEAL STATS #
Overall 38 of 38
Sector (Information Technology) 12 of 12
Type (Add-on Acquisition) 20 of 20
State (Virginia) 11 of 11
Country (United States) 36 of 36
Year (2024) 4 of 4
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 J&J Worldwide Services

Franklin, Tennessee, United States

J&J Worldwide Services (J&J) provides facility services to the United States Federal Government and civilian customers through its Healthcare & Medical Solutions, Mission Support Solutions, and Engineering Solutions business segments. The company has developed a comprehensive portfolio of aseptic cleaning and maintenance services for military hospitals and clinics as well as a wide array of facility management, operational support, and integrated asset management services for Department of Defense (DoD) military bases. J&J Worldwide Services is based in Franklin, Tennessee.

Sell $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 Team Technologies

Morristown, Tennessee, United States

Team Technologies is a manufacturing solutions provider for medical and dental products. From conceptualization to completion, TEAM Technologies offers the technology and solutions for every stage of the development and manufacturing processes all under ISO 13485 and FDA-regulated guidelines. Team Technologies was founded in 1988 and is based in Morristown, Tennessee.

Buy -