M&A Deal Summary

Highlander Partners Acquires DZYNE Technologies

On January 5, 2023, private equity firm Highlander Partners acquired information technology company DZYNE Technologies

Acquisition Highlights
  • This is Highlander Partners’ 3rd transaction in the Information Technology sector.
  • This is Highlander Partners’ 33rd transaction in the United States.
  • This is Highlander Partners’ 1st transaction in Virginia.

M&A Deal Summary
Date 2023-01-05
Target DZYNE Technologies
Sector Information Technology
Buyer(s) Highlander Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)
Sheppard Mullin (Legal)

Target

DZYNE Technologies

Fairfax, Virginia, United States
DZYNE Technologies is a technology developer and manufacturer of Group I-V UAS platforms. The Company’s platforms provide advanced intelligence, reconnaissance, and surveillance capabilities and the Company specializes in the rapid design, development, and deployment of advanced manned and unmanned systems. DZYNE Technologies is based in Fairfax, Virginia.

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Buyer(S) 1

Buyer

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.

DEAL STATS #
Overall 47 of 48
Sector (Information Technology) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 26 of 26
State (Virginia) 1 of 1
Country (United States) 33 of 34
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Liteye Systems

Centennial, Colorado, United States

Liteye Systems is a technology manufacturer and integrator of multi-domain and multi-mission defense systems that protect lives and critical infrastructure from real-world threats since Iraq 2016. The Company’s defense systems include military and commercial C-UAS, drone sense and warn systems, rugged high-resolution head-mounted displays, micro imaging viewfinders, thermal surveillance systems, covert surveillance systems, electronic warfare packages, radar systems, and fire control software solutions. Liteye Systems was founded in 2000 and is based in Centennial, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Black Sage

Boise, Idaho, United States

Black Sage is a defense technology integrator specialized in autonomous airspace protection solutions to take down small remote piloted aircraft systems. Black Sage employs a hardware-agnostic approach to integrating best-of-breed sensors with its proprietary artificial intelligence-enabled target tracking and defense automation systems to provide adaptable, end-to-end C-UAS systems. Black Sage was founded in 2014 and is based in Boise, Idaho.

Buy -
Mergr

Product

Company

Legal