M&A Deal Summary

BlueHalo Acquires Citadel Defense

On November 8, 2021, BlueHalo acquired defense company Citadel Defense

Acquisition Highlights
  • This is BlueHalo’s 1st transaction in the Defense sector.
  • This is BlueHalo’s 9th transaction in the United States.
  • This is BlueHalo’s 1st transaction in California.

M&A Deal Summary
Date 2021-11-08
Target Citadel Defense
Sector Defense
Buyer(s) BlueHalo
Deal Type Add-on Acquisition
Advisor(s) Duff & Phelps Corp. (Financial)
Winston & Strawn (Legal)

Target

Citadel Defense

National City, California, United States
Citadel Defense develops advanced counter-unmanned aerial systems (“cUAS”) technology utilized by customers within the Department of Defense and Intelligence Community, as well as civilian, commercial, and international markets. The company's team of engineers and data scientists has developed best-of-breed cUAS products that leverage proprietary artificial intelligence and machine learning (“AI/ML”) algorithms to enable operators to locate drone threats, track flight paths, and autonomously neutralize threats. Its solutions create a distinct operational advantage for servicemen and servicewomen on the front lines. When defending against drone swarms and difficult-to-detect threats, Citadel’s AI/ML-powered systems allow operators to identify and terminate enemy UAS threats with unmatched speed, accuracy, and reliability. Citadel was formed in 2016 and is based in National City, California.

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Buyer(S) 1

Buyer

BlueHalo

Arlington, Virginia, United States
Category Company
Founded 2019
Sector Information Technology
DESCRIPTION

BlueHalo is a provider of advanced engineering solutions for a variety of space superiority, directed energy, missile defense, specialized training and simulation, C4ISR, and analytics programs. BlueHalo was founded in 2019 and is based in Arlington, Virginia.

DEAL STATS #
Overall 9 of 12
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 9 of 12
State (California) 1 of 1
Country (United States) 9 of 12
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 IAI

Rockville, Maryland, United States

IAI provides advanced technology development and productized solutions in the fields of AI/ML, cybersecurity, hypersonics, space, 5G, data analytics, and RF/communications. IAI has leveraged its highly credentialed employee base, including more than 75 PhDs, and a substantial intellectual property portfolio into a repeatable model of progressing R&D and prototyping initiatives into market-focused products and customer-driven solutions serving a variety of customers across the DoD and commercial markets. IAI was founded in 1987 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Asymmetrik

Annapolis, Maryland, United States

Asymmetrik is a developer of software solutions and technology tools used to enable the Intelligence Community’s (IC) most advanced programs. Asymmetrik delivers leading open-source intelligence technologies to enable the collection and analysis of publicly available information. Asymmetrik was founded in 2008 and is based in Annapolis, Maryland.

Buy -
Mergr

Product

Company

Legal