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M&A Deal Summary

Arena Acquires Duotech Services

On May 8, 2023, Arena acquired aerospace company Duotech Services

Acquisition Highlights
  • This is Arena’s 1st transaction in the Aerospace sector.
  • This is Arena’s 1st transaction in the United States.
  • This is Arena’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2023-05-08
Target Duotech Services
Sector Aerospace
Buyer(s) Arena
Deal Type Add-on Acquisition
Advisor(s) DC Advisory (Financial)

Target

Duotech Services

Franklin, North Carolina, United States
Duotech Services is an aerospace and defense company providing repair, sustainment, and engineering services for radar and military aircraft systems. The company also develops proprietary radar products and specializes in extending the operational life of legacy defense systems. Duotech Services was founded in 1982 and is based in Franklin, North Carolina.

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Buyer(S) 1

Buyer

Arena

United States
Category Company
Sector Defense
DESCRIPTION

Arena specializes in the acquisition, integration, engineering, and modernization of digital and physical technology across the space, cyberspace, land, air, and maritime domains.

DEAL STATS #
Overall 1 of 2
Sector: Aerospace M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Apogee

Colorado Springs, Colorado, United States

Apogee provides digital transformation, engineering, science & technology, and program management services to the federal government market. Apogee was founded in 2004 and is based in Colorado Springs, Colorado.

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