M&A Deal Summary

Global Ordnance Acquires Chemring Military Products

On April 8, 2019, Global Ordnance acquired defense company Chemring Military Products from Chemring Group for 4M USD

Acquisition Highlights
  • This is Global Ordnance’s 1st transaction in the Defense sector.
  • This is Global Ordnance’s largest (disclosed) transaction.
  • This is Global Ordnance’s 1st transaction in the United States.
  • This is Global Ordnance’s 1st transaction in Florida.

M&A Deal Summary
Date 2019-04-08
Target Chemring Military Products
Sector Defense
Buyer(s) Global Ordnance
Sellers(s) Chemring Group
Deal Type Divestiture
Deal Value 4M USD

Target

Chemring Military Products

Perry, Florida, United States
Chemring Military Products, Inc. procures and delivers worldwide US-standard and non-standard ammunition, and weapons systems.

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Buyer(S) 1

Buyer

Global Ordnance

Sarasota, Florida, United States
Category Company
Founded 2013
Sector Defense
DESCRIPTION

Global Ordnance LLC (GO) is a Veteran Owned Small Business (VOSB) that respond to the critical needs of the commercial and defense industries by providing munitions, tactical equipment, and comprehensive global logistical solutions.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Chemring Group

Romsey, United Kingdom
Category Company
Founded 1905
Sector Defense
Employees2,600
Revenue 473M GBP (2023)
DESCRIPTION

Chemring Group is a manufacturer of military and commercial energetic & defense materials whose major product are decoys and chaff for the protection of aircraft from attack. Chemring Group was founded in 1905 and is based in Romsey, the United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Defense) 1 of 1
Type (Divestiture) 3 of 3
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Chemring Group - SmartSwitch

Romsey, United Kingdom

Chemring Group PLC - SmartSwitch includes 3GPP ANDSF and Hot Spot 2.0 compliant connection management technology that Carnegie will integrate into its Network Convergence Platform.

Sell -
Mergr

Product

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