M&A Deal Summary |
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Date | 2023-11-16 |
Target | DataPath |
Sector | Technology Hardware |
Buyer(s) | Gilat Satellite Networks |
Sellers(s) |
Petra Capital Partners
Convergent Capital Partners |
Deal Type | Add-on Acquisition |
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Category | Company |
---|---|
Founded | 1987 |
Sector | Technology Hardware |
Employees | 936 |
Revenue | 926M USD (2019) |
Gilat Satellite Networks Ltd. designs and manufactures cutting-edge ground segment equipment, and provides comprehensive solutions and end-to-end services, powered by Gilat’s innovative technology. Delivering high-value competitive solutions, Gilat’s portfolio comprises of a cloud-based VSAT network platform, high-speed modems, high-performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).
DEAL STATS | # |
---|---|
Overall | 3 of 4 |
Sector (Technology Hardware) | 3 of 3 |
Type (Add-on Acquisition) | 3 of 4 |
State (Georgia) | 1 of 1 |
Country (United States) | 3 of 4 |
Year (2023) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2013-08-19 |
Spacenet
Tulsa, Oklahoma, United States Spacenet, Inc. is a provider of IT managed services in North America to the business and government segments. |
Sell | $16M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2024-06-17 |
Stellar Blu Solutions
United States Stellar Blu Solutions is a provider of developing cutting-edge connectivity, network, and avionics solutions for next-generation satellite networks. Focused on continuing the development of aircraft communications technologies for the world’s leading airlines, as well as solutions for other aerospace and mobility markets, Stellar Blu provides turn-key inflight connectivity solutions including terminal development, aircraft integration, and certification and installation packages. |
Buy | $245M |
Category | Private Equity Firm |
---|---|
Founded | 1996 |
PE ASSETS | 400M USD |
Size | Middle-Market |
Type | Sector Agnostic |
Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.
DEAL STATS | # |
---|---|
Overall | 29 of 30 |
Sector (Technology Hardware) | 2 of 2 |
Type (Add-on Acquisition) | 17 of 17 |
State (Georgia) | 2 of 2 |
Country (United States) | 29 of 30 |
Year (2023) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-04-26 |
American Vascular Associates
Palm Harbor, Florida, United States American Vascular Associates is a management services organization that provides a full suite of non-clinical services to vascular physician practices operating in office based labs and ambulatory surgery centers. AVA provides site location & development services, center management, revenue cycle management, staffing, scheduling, credentialing, marketing, compliance, and other services to its clientele. American Vascular Associates was founded in 2008 and is based in Palm Harbor, Florida. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-11-28 |
Viva Day + Med
Austin, Texas, United States Viva Day Spa + Med Spa offers a full menu of spa and med spa treatments including botox, fillers, body contouring, laser hair removal, massages, facials, waxing, manicures, pedicures. Viva Day Spa + Med Spa was founded in 2005 and is based in Austin, Texas. |
Buy | - |
Category | Growth Capital Firm |
---|---|
Founded | 1999 |
PE ASSETS | 400M USD |
Size | Middle-Market |
Type | Sector Agnostic |
Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.
DEAL STATS | # |
---|---|
Overall | 42 of 42 |
Sector (Technology Hardware) | 2 of 2 |
Type (Add-on Acquisition) | 13 of 13 |
State (Georgia) | 1 of 1 |
Country (United States) | 42 of 42 |
Year (2023) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-06-07 |
Turtle Fur
Morrisville, Vermont, United States Turtle Fur is a manufacturer of Comfort-focused headwear and accessories in the outdoor, snow sports, and lifestyle markets. Turtle Fur was founded in 1982 and is based in Morrisville, Vermont. |
Buy | - |