M&A Deal Summary

PrecisionHawk Acquires InspecTools

On September 5, 2018, PrecisionHawk acquired software company InspecTools

Acquisition Highlights
  • This is PrecisionHawk’s 1st transaction in the Software sector.
  • This is PrecisionHawk’s 2nd transaction in the United States.
  • This is PrecisionHawk’s 1st transaction in California.

M&A Deal Summary

Date 2018-09-05
Target InspecTools
Sector Software
Buyer(s) PrecisionHawk
Deal Type Add-on Acquisition

Target

InspecTools

Folsom, California, United States
InspecTools, Inc. is a provider of high-fidelity machine vision software and data analysis tools built for the renewable energy market. InspecTools, Inc. was founded in 2013 and is based in Folsom, California.

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Buyer(S) 1

Buyer

PrecisionHawk

Raleigh, North Carolina, United States

Category Company
Sector Technology Hardware
DESCRIPTION

PrecisionHawk, Inc. is a provider of drone technology for the enterprise. Drone-based solutions that make your operations more safe, efficient, and effective. PrecisionHawk, Inc. was founded in 2010 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 HAZON Solutions

Virginia Beach, Virginia, United States

HAZON Solutions LLC is a drone service provider focused on critical infrastructure inspections for Fortune 500 utility and industrial clients. HAZON aviation experience, standards-based operating procedures, certified drone flight operations and inspection services. HAZON Solutions LLC was founded in 2015 and is based in Virginia Beach, Virginia.

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