M&A Deal Summary

Axient Acquires System Engineering Group

On January 4, 2021, Axient acquired defense company System Engineering Group from Griffon

Acquisition Highlights
  • This is Axient’s 1st transaction in the Defense sector.
  • This is Axient’s 2nd transaction in the United States.
  • This is Axient’s 1st transaction in New York.

M&A Deal Summary
Date 2021-01-04
Target System Engineering Group
Sector Defense
Buyer(s) Axient
Sellers(s) Griffon
Deal Type Divestiture

Target

System Engineering Group

New York, New York, United States
System Engineering Group provides sophisticated technical, physics-based analysis and engineering support to the U.S. Armed Services, specializing in characterizing and helping counter the effects of advanced threat missiles to U.S. defensive systems. SEG currently employs 110 highly-skilled personnel in Columbia, MD, two-thirds of which hold advanced degrees concentrated in the fields of aerospace, mechanical and electrical engineering, math, and physics.

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Buyer(S) 1

Buyer

Axient

Huntsville, Alabama, United States
Category Company
Founded 1991
Sector Defense
DESCRIPTION

Axient is a provider of high-end engineering and management support services for mission-critical programs within key federal defense agencies responsible for maintaining technological superiority. Axient offers a comprehensive suite of advanced capabilities focused on systems engineering, cybersecurity, test & evaluation, threat modeling and simulation, and program management for key defense end-markets such as civil space, hypersonics, counter unmanned aerial systems (“C-UAS”), and human spaceflight for the Army, Air Force, NASA, and various other defense agencies. Axient was founded in 1991 and is based in Huntsville, Alabama.

DEAL STATS #
Overall 2 of 2
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 Dynamic Concepts

Huntsville, Alabama, United States

Dynamic Concepts, Inc. provides high-end engineering and software services for human spaceflight, primarily supporting NASA within the Marshall Space Flight Center, Glenn Research Center, and Johnson Space Center. The Company provides classical and structural dynamics, digital and hardware-in-the-loop simulation, custom software applications, and control systems design and analysis to respond rapidly and effectively to complex mission requirements. Dynamic Concepts was established in 1996 and is based in Huntsville, Alabama.

Buy -

Seller(S) 1

SELLER

Griffon

New York, New York, United States
Category Company
Founded 1959
Sector Diversified
Employees7,400
Revenue 2.7B USD (2023)
DESCRIPTION

Griffon is a diversified manufacturing firm operating divisions include, home and building products, clopay plastics products, and telephonics corporation. Griffon was founded in 1959 and is based in New York, New York.

DEAL STATS #
Overall 2 of 3
Sector (Defense) 1 of 1
Type (Divestiture) 2 of 3
State (New York) 1 of 2
Country (United States) 2 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-16 Clopay Plastic Products

Mason, Ohio, United States

Clopay Plastic Products Co. is a provider of printed breathable films as well as an innovator in the development of elastic films and laminates with product offerings uniquely designed for applications used in a number of markets including; hygiene, healthcare, construction and industrial protective apparel. Clopay Plastic Products Co. was established in 1859 and is based in Mason, Ohio.

Sell $475M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-18 Telephonics

Farmingdale, New York, United States

Telephonics provides fully integrated, advanced sensor and communication systems technology serving Aerospace, Defense and Commercial markets. Whether it is in the air, on the sea, or on the ground, our electronic systems are on board to ensure the safety and security of thousands of military personnel and civilians worldwide. Telephonics is based in Farmingdale, New York.

Sell $330M
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