M&A Deal Summary

Pine Island Capital Partners Acquires InVeris Training Solutions

On July 1, 2020, private equity firm Pine Island Capital Partners acquired education company InVeris Training Solutions from Meggitt for 146M USD

Acquisition Highlights
  • This is Pine Island Capital Partners’ 1st transaction in the Education sector.
  • This is Pine Island Capital Partners’ largest (disclosed) transaction.
  • This is Pine Island Capital Partners’ 2nd transaction in the United States.
  • This is Pine Island Capital Partners’ 1st transaction in Georgia.

M&A Deal Summary

Date 2020-07-01
Target InVeris Training Solutions
Sector Education
Buyer(s) Pine Island Capital Partners
Sellers(s) Meggitt
Deal Type Divestiture
Deal Value 146M USD

Target

InVeris Training Solutions

Suwanee, Georgia, United States
InVeris Training Solutions is a provider of integrated virtual and live-fire training systems and services for domestic and international law enforcement customers. InVeris Training Solutions is based in Suwanee, Georgia.

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Buyer(S) 1

DESCRIPTION

Pine Island Capital Partners is a private equity firm focused on majority or minority investments in North American companies valued up to $500 million. The Firm has a preference for growth-oriented companies with strong management and highly specialized products/services. Sectors of interest include aerospace, industrial technology, government services, defense, space systems, and information-based technologies. Pine Island Capital Partners is based in Ft. Lauderdale, Florida.


DEAL STATS #
Overall 2 of 2
Sector (Education) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2020) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-02 Precinmac Precision Machining

South Paris, Maine, United States

Precinmac Precision Machining is a manufacturer of high tolerance precision machined components and assemblies. The company formulates cost-saving alternatives to current production and sourcing methods by offering a single-source solution for precise, high-quality, flexible, and on-time manufacturing to top-tier customers globally. Precinmac Precision Machining is based in South Paris, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-14 Precinmac Precision Machining

South Paris, Maine, United States

Precinmac Precision Machining is a manufacturer of high tolerance precision machined components and assemblies. The company formulates cost-saving alternatives to current production and sourcing methods by offering a single-source solution for precise, high-quality, flexible, and on-time manufacturing to top-tier customers globally. Precinmac Precision Machining is based in South Paris, Maine.

Sell -

Seller(S) 1

SELLER

Meggitt

Coventry, United Kingdom

Category Company
Founded 1947
Sector Engineering
Revenue 1.6B GBP (2022)
DESCRIPTION

Meggitt provides engineering group specialising in extreme environment components and smart sub-systems for aerospace, defence and energy markets. Meggitt was founded in 1947 and is based in Coventry, the United Kingdom.


DEAL STATS #
Overall 5 of 6
Sector (Education) 1 of 1
Type (Divestiture) 5 of 6
State (Georgia) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Endevco

Irvine, California, United States

Meggitt (Orange County), Inc. is a provider of high-performance sensors and related accessories used for precise vibration, shock, temperature and pressure measurements. Endevco products are primarily used for test & measurement applications where accurate and reliable data is absolutely vital, including R&D, design & validation, structure and machine safety, and maintenance, among others. The Company has a diverse customer base serving the aerospace & defense, passenger safety, transportation, and general industrial sectors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Ferroperm Piezoceramics

Kvistgaard, Denmark

Ferroperm Piezoceramics specializes in piezoelectric ceramics under the Ferroperm™ brand which provides sensing, monitoring, power and motion systems. Ferroperm Piezoceramics is based in Kvistgaard, Denmark.

Sell kr.525M