M&A Deal Summary

Bernhard Capital Partners Acquires Arena

On May 1, 2023, private equity firm Bernhard Capital Partners acquired defense company Arena from VSE for 100M USD

Acquisition Highlights
  • This is Bernhard Capital Partners’ 1st transaction in the Defense sector.
  • This is Bernhard Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Bernhard Capital Partners’ 16th transaction in the United States.

M&A Deal Summary

Date 2023-05-01
Target Arena
Sector Defense
Buyer(s) Bernhard Capital Partners
Sellers(s) VSE
Deal Type Divestiture
Deal Value 100M USD

Target

Arena

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

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Buyer(S) 1

DESCRIPTION

Bernhard Capital Partners is a private equity firm focused on acquiring and investing in middle-market services companies. Bernhard Capital Partners was formed in 2013 and is headquartered in Baton Rouge, Louisiana.


DEAL STATS #
Overall 16 of 21
Sector: Defense M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
Country: United States M&A 16 of 21
Year: 2023 M&A 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Grace Design Studios

Baton Rouge, Louisiana, United States

Grace Design Studios is an architecture firm with locations in Baton Rouge, Dallas, New Orleans, and Lake Charles. The company provides in-depth insight and a broad range of innovative design and development solutions for a wide range of end markets, including education, commercial office, industrial, and healthcare. Grace Design Studios is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-22 Optimum Energy

Seattle, Washington, United States

Optimum Energy provides proprietary software solutions to optimize the energy consumption of HVAC systems to deliver significant electricity and water savings while reducing carbon emissions. Optimum Energy was founded in 2005 and is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

VSE

Alexandria, Virginia, United States

Category Company
Founded 1959
Sector Business Services
Employees1,400
Revenue 1.1B USD (2024)
DESCRIPTION

VSE is a diversified professional services company providing engineering, systems integration, technology and management solutions to customers in the defense, homeland security, law enforcement, energy, and environmental industries. VSE was founded in 1959 and is based in Alexandria, Virginia.


DEAL STATS #
Overall 1 of 3
Sector: Defense M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
Country: United States M&A 1 of 3
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Precision Fuel Components

Everett, Washington, United States

Precision Fuel Components is a provider of MRO services for engine accessory and fuel systems supporting the business and general aviation (“B&GA”) market. Precision Fuel specializes in supporting small turbine rotorcraft fuel controls, governors, sensors, bleed valves, and fuel pumps, along with radial engine components and Bendix-Stromberg carburetors. Precision Fuel Components was founded in 2001 and is based in Everett, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-03 Desser Aerospace

Montebello, California, United States

Desser Aerospace is a supplier of aircraft tires and tubes. Desser Aerospace was founded in 1920 and is based in Montebello, California.

Buy -