M&A Deal Summary

DroneUp Acquires AirMap

On December 7, 2021, DroneUp acquired aerospace company AirMap from Macquarie Capital

Acquisition Highlights
  • This is DroneUp’s 2nd transaction in the Aerospace sector.
  • This is DroneUp’s 3rd transaction in the United States.
  • This is DroneUp’s 1st transaction in California.

M&A Deal Summary
Date 2021-12-07
Target AirMap
Sector Aerospace
Buyer(s) DroneUp
Sellers(s) Macquarie Capital
Deal Type Add-on Acquisition

Target

AirMap

Santa Monica, California, United States
AirMap is an airspace management platform for drones. Industry developers, drone operators, and airspace managers rely on AirMap’s airspace intelligence and services to fly safely and communicate in low-altitude airspace. AirMap unlocks safe, efficient, and scalable operations by connecting the world’s drones to airspace authorities through an open platform of APIs and SDKs, with integrations by top drone manufacturers and solution providers in over 25 countries. AirMap is a leader in delivering technology solutions for UAS Traffic Management (UTM) and U-space to enable safe and responsible drone operations at scale. AirMap was founded in 2014 and is based in Santa Monica, California.

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Buyer(S) 1

Buyer

DroneUp

Virginia Beach, Virginia, United States
Category Company
Founded 2016
Sector Aerospace
DESCRIPTION

DroneUp is an end-to-end aerial data collection services provider to commercial organizations and public sector entities; leveraging our patent-pending platform, Mission Match™? in both iTunes & Google Play app stores. Through Mission Match, DroneUp locates, qualifies and deploys drone pilots to client requirements delivering on-demand drone services in-app alongside 24/7 manned, mission oversite. DroneUp was formed in 2016 and is based in Virginia Beach, Virginia.

DEAL STATS #
Overall 3 of 3
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Web Teks

Chesapeake, Virginia, United States

Web Teks is a small, home-based web design firm. Web Teks helps mid-market businesses around the world with their most pressing software development needs. Web Teks was founded in 1999 and is based in Chesapeake, Virginia.

Buy -

Seller(S) 1

SELLER

Macquarie Capital

Investor Investor

Category Private Equity Firm
Size Mega
Type Sector Agnostic
DESCRIPTION

Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.

DEAL STATS #
Overall 7 of 9
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Dovel

McLean, Virginia, United States

Dovel advances the missions of its customers in health IT, life sciences, and grants management through the integration of technology and domain expertise and delivers technology solutions for highly complex and data-driven environments. Dovel was founded in 2005 and is based in McLean, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Puget Holdings

New York, New York, United States

Puget Holdings operates as a holding company. Puget’s primary operating subsidiary, Puget Sound Energy, is the oldest and largest electric and natural gas utility in the state of Washington, serving approximately 1.2 million electric customers and 900,000 natural gas customers in the Puget Sound region. Puget Holdings is based in New York.

Buy -
Mergr

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