M&A Deal Summary

Greenbriar Equity Group Acquires Arotech

On September 23, 2019, private equity firm Greenbriar Equity Group acquired defense company Arotech for 81M USD

Acquisition Highlights
  • This is Greenbriar Equity Group’s 1st transaction in the Defense sector.
  • This is Greenbriar Equity Group’s 4th largest (disclosed) transaction.
  • This is Greenbriar Equity Group’s 24th transaction in the United States.
  • This is Greenbriar Equity Group’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2019-09-23
Target Arotech
Sector Defense
Buyer(s) Greenbriar Equity Group
Deal Type Going Private
Deal Value 81M USD

Target

Arotech

Ann Arbor, Michigan, United States
Arotech is an engineering solutions company that offers training & simulation and power systems solutions to military, law enforcement and homeland security markets. The Power Systems Division develops special purpose batteries, smart chargers and electronic components through operations in South Carolina and Israel. The Training & Simulation Division develops, manufactures and markets advanced multi-media and interactive digital solutions for engineering, use-of-force and operator training simulations. Arotech was founded in 1990 and is based in Ann Arbor, Michigan.

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Buyer(S) 1

Buyer

Greenbriar Equity Group

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.

DEAL STATS #
Overall 29 of 45
Sector (Defense) 1 of 1
Type (Going Private) 2 of 2
State (Michigan) 2 of 2
Country (United States) 24 of 40
Year (2019) 3 of 4
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 EDAC Technologies

Farmington, Connecticut, United States

EDAC Technologies is a diversified designer, manufacturer and servicer of precision components for aerospace and industrial applications. EDAC offers design and manufacturing services for commercial and military aircraft, in such areas as jet engine parts, special tooling, equipment, gauges and components used in the manufacture, assembly and inspection of jet engines.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Electrical Source Holdings

Burbank, California, United States

Electrical Source is the specialty distributor of need-it-now critical power components including circuit breakers, fuses, motor controls, disconnects, and more for diverse commercial and industrial applications. The company offers the industry’s broadest and deepest inventory covering all major OEM brands and spanning numerous product generations, complemented by superior product support from an experienced and technical sales team. Electrical Source Holdings is based in Burbank, California.

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