M&A Deal Summary

AirBoss Defense Group Acquires CSI

On May 9, 2019, AirBoss Defense Group acquired defense company CSI from Sentinel Capital Partners and TVV Capital

Acquisition Highlights
  • This is AirBoss Defense Group’s 1st transaction in the Defense sector.
  • This is AirBoss Defense Group’s 1st transaction in the United States.
  • This is AirBoss Defense Group’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2019-05-09
Target CSI
Sector Defense
Buyer(s) AirBoss Defense Group
Sellers(s) Sentinel Capital Partners
TVV Capital
Deal Type Merger

Target

CSI

Charleston, South Carolina, United States
CSI is a supplier of land mine and improvised explosive device detection vehicles, systems and support services to U.S. and foreign military forces.

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Buyer(S) 1

Buyer

AirBoss Defense Group

Landover, Maryland, United States

Category Company
Sector Safety/Security
DESCRIPTION

AirBoss Defense Group provides mission-critical and lifesaving personal protective equipment to withstand chemical, biological, radiological, nuclear, and toxic industrial chemical exposure.


DEAL STATS #
Overall 1 of 2
Sector: Defense M&A 1 of 2
Type: Merger M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 BlackBox Biometrics

Rochester, New York, United States

BlackBox Biometrics is a developer of Blast Gauge System of lightweight wearable blast overpressure sensors which have been outfitted on U.S. Special Forces, Army, and SWAT teams across the U.S. BlackBox Biometrics was founded in 2011 and is based in Rochester, New York.

Buy $27M

Seller(S) 2

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 51 of 71
Sector: Defense M&A 1 of 1
Type: Merger M&A Deals 3 of 6
State: South Carolina M&A 2 of 2
Country: United States M&A 46 of 64
Year: 2019 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Mobile Communications America

Spartanburg, South Carolina, United States

Mobile Communications America is a provider of two-way radio solutions and services for mission-critical environments. MCA sells and installs proprietary communication systems, provides two-way radio hardware, and services and maintains the systems and hardware. Mobile Communications America was founded in 1988 and is based in Spartanburg, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Hollander Sleep Products

Boca Raton, Florida, United States

Hollander Sleep Products is a producer of sleep products, including high-quality synthetic and down (natural) filled pillows, comforters, mattress pads and other related bedding products. Hollander Sleep Products was founded in 1953 and is based in Boca Raton, Florida.

Sell -
SELLER

TVV Capital

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

TVV Capital is a private investment firm that looks to acquire and grow profitable, middle-market companies. The Firm has a preference for opportunities located in the Southeast US and looks for businesses operating in recession-resistant industries. TVV targets companies with revenues of $10 to $150 million and valued up to $100 million. The Firm typically partners with management to support buyouts, expansion capital financings, and recapitalizations. TVV Capital was formed in 1997 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 6 of 7
Sector: Defense M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 6 of 7
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Indco

New Albany, Indiana, United States

Indco is a designer, manufacturer and distributor of a broad range of industrial mixing and agitation equipment. Indco offers its customers a variety of pre-engineered handheld and portable mixing equipment, propellers, impellers, and dispersers, as well as related accessories such as containers, tanks, and stands. Indco was founded in 1975 and is based in New Albany, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 Big 3 Precision Products

Centralia, Illinois, United States

Big 3 Precision Products, Inc. is a manufacturer of precision injection blow molds, tooling and metal fabrication products. Big 3 Precision Products was founded in 1970 and is based in Centralia, Illinois.

Sell $82M