M&A Deal Summary

Armory Capital Acquires Westnet

On August 17, 2023, family office Armory Capital acquired safety/security company Westnet

Acquisition Highlights
  • This is Armory Capital’s 1st transaction in the Safety/Security sector.
  • This is Armory Capital’s 8th transaction in the United States.
  • This is Armory Capital’s 1st transaction in California.

M&A Deal Summary

Date 2023-08-17
Target Westnet
Sector Safety/Security
Buyer(s) Armory Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Westnet

Huntington Beach, California, United States
Westnet is a provider of fire station alerting and specializes in the development of innovative solutions to streamline the dispatch process and instantly transmit mission-critical information directly to first responders. Westnet’s solutions are used in thousands of police and fire dispatch centers, military and civilian fire stations, and airports nationwide. Westnet is based in Huntington Beach, California.

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Buyer(S) 1

DESCRIPTION

Armory Capital is a lower middle-market private investment firm. Armory looks to invest $10 to $50 million in growth companies with at least $10 million in revenues. Target transaction situations include management buyouts, shareholder liquidity needs, ownership transitions, and growth capital financings. Sectors of interest include agriculture, business services, consumer products, financial services, healthcare services, manufacturing, media, and transportation. Armory Capital was formed in 2009 and is based in Champaign, Illinois.


DEAL STATS #
Overall 8 of 8
Sector: Safety/Security M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Envisage Technologies

Bloomington, Indiana, United States

Envisage Technologies provides training software solutions for military commands, federal law enforcement academies, and state law enforcement and public safety sectors in the United States. Envisage Technologies was founded in 2001 and is based in Bloomington, Indiana.

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