M&A Deal Summary

Highlander Partners Acquires Liteye Systems

On November 28, 2022, private equity firm Highlander Partners acquired defense company Liteye Systems

Acquisition Highlights
  • This is Highlander Partners’ 1st transaction in the Defense sector.
  • This is Highlander Partners’ 32nd transaction in the United States.
  • This is Highlander Partners’ 1st transaction in Colorado.

M&A Deal Summary
Date 2022-11-28
Target Liteye Systems
Sector Defense
Buyer(s) Highlander Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Forbes Partners (Financial)
Holland & Hart (Legal)

Target

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.

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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 46 of 48
Sector (Defense) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 25 of 26
State (Colorado) 1 of 1
Country (United States) 32 of 34
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Twitchell

Dothan, Alabama, United States

Twitchell is a manufacturer of fabrics and yarns for outdoor furniture. Twitchell produces custom specialty technical fibers, fabrics and engineered films to meet exacting performance and design requirements that are inputs in a diverse set of end products. Twitchell was founded in 1922 and is based in Dothan, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 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.

Buy -
Mergr

Product

Company

Legal