M&A Deal Summary

Battle Investment Group Acquires Oceus Networks

On July 28, 2020, private equity firm Battle Investment Group acquired communications company Oceus Networks from Tailwind

Acquisition Highlights
  • This is Battle Investment Group’s 1st transaction in the Communications sector.
  • This is Battle Investment Group’s 2nd transaction in the United States.
  • This is Battle Investment Group’s 1st transaction in Virginia.

M&A Deal Summary

Date 2020-07-28
Target Oceus Networks
Sector Communications
Buyer(s) Battle Investment Group
Sellers(s) Tailwind
Deal Type Secondary Buyout

Target

Oceus Networks

Herndon, Virginia, United States
Oceus Networks provides broadband solutions to governments that enable them to deliver high-speed voice, video and data communications to the constituents they serve. Oceus Networks delivers open, standards-based mobile and fixed network infrastructure as well as an extensive portfolio of public sector-focused solutions to simplify and expedite the deployment of wired and wireless broadband communications solutions. As both the expedited manner with which networks are deployed and the improved voice, video and data communications refer to speed, that is the basis of the origination of the company’s name. Oceus Networks was formed in 1991 and is headquartered in Herndon, Virginia.

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Buyer(S) 1

DESCRIPTION

Battle Investment Group is a private investment firm focused on the aerospace, defense, and industrial sectors. The Firm seeks businesses with $5 to $100 million in sales headquartered throughout North America. Prospective transaction situations include family-owned companies, non-core divestitures, and forming new enterprises with strategic partners. Battle Investment Group was established in 2016 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 5
Sector: Communications M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
State: Virginia M&A 1 of 2
Country: United States M&A 2 of 5
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Metal Finishing Technologies

Bristol, Connecticut, United States

Metal Finishing Technologies is a provider of finishing and coating solutions for aerospace and industrial customers. Metal Finishing Technologies was founded in 1947 and is based in Bristol, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Turbopower

Opa-locka, Florida, United States

Turbopower is a provider of maintenance, repair, and overhaul services for gas turbine engines, auxiliary power units, and component parts to military and commercial customers worldwide. The Company holds numerous quality and customer certifications, including FAA Part 145 repair station and Rolls-Royce Authorized Maintenance Center certification. Turbopower was founded in 1974 and is based in Opa-Locka, Florida.

Buy -

Seller(S) 1

SELLER

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 22 of 33
Sector: Communications M&A 3 of 3
Type: Secondary Buyout M&A Deals 8 of 13
State: Virginia M&A 1 of 1
Country: United States M&A 22 of 33
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Long’s Drugs

Sarasota, Florida, United States

Long’s Drugs, Inc. is an independent specialty pharmacy in the Southeast, with locations in South Carolina, North Carolina, Georgia, Louisiana, and Texas. Longs have expanded its retail footprint to grow a comprehensive specialty pharmacy business that serves patients with chronic illnesses and complex medical conditions such as HIV/AIDS. In addition, Longs has worked to develop relationships with mental health and long-term care facilities in its current geographies, creating additional lines of business and new avenues for the company to provide pharmacy services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 Benevis

Marietta, Georgia, United States

Benevis provides various non-clinical services to group dental practices, including providing dental facilities, support staff, and other business services. Kool Smiles and Resolution Dental are the firm’s two major clients. Kool Smiles is a nationally-branded provider of dental care focused primarily on children enrolled in Medicaid and State Children's Health Insurance Programs. The limited access to care for children on Medicaid/SCHIP plans provides an attractive growth opportunity for Kool Smiles as it continues to expand offices with a mission to provide quality care to this underserved population. Benevis was founded in 2002 and is based in Marietta, Georgia.

Sell -