M&A Deal Summary

QinetiQ Acquires Westar Aerospace and Defense Group

On September 30, 2004, QinetiQ acquired defense company Westar Aerospace and Defense Group from The Edgewater Funds for 130M USD

Acquisition Highlights
  • This is QinetiQ’s 1st transaction in the Defense sector.
  • This is QinetiQ’s 3rd largest (disclosed) transaction.
  • This is QinetiQ’s 1st transaction in the United States.
  • This is QinetiQ’s 1st transaction in Missouri.

M&A Deal Summary
Date 2004-09-30
Target Westar Aerospace and Defense Group
Sector Defense
Buyer(s) QinetiQ
Sellers(s) The Edgewater Funds
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

Westar Aerospace and Defense Group

St. Louis, Missouri, United States
Westar Aerospace and Defense Group, Inc. is a provider of specialized technology and engineering solutions and services to the Department of Defense, U.S. Government agencies and aerospace industry customers.

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Buyer(S) 1

Buyer

QinetiQ

Farnborough, United Kingdom
Category Company
Founded 2001
Sector Life Science
Employees8,588
Revenue 1.9B GBP (2024)
DESCRIPTION

QinetiQ is a science and technology organization that deploys our scientific and technological knowledge, proven research capabilities and unique, purpose-built facilities to provide both services and products that meet the needs of a wide range of global customers. We operate primarily in the defence, security and critical national infrastructure markets. QinetiQ was founded in 2001 and is based in Farnborough, England.

DEAL STATS #
Overall 1 of 16
Sector (Defense) 1 of 3
Type (Add-on Acquisition) 1 of 14
State (Missouri) 1 of 1
Country (United States) 1 of 9
Year (2004) 1 of 2
Size (of disclosed) 3 of 9
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-11 Foster-Miller

Waltham, Massachusetts, United States

Foster-Miller, Inc. is an engineering, manufacturing and technology development firm.

Buy -

Seller(S) 1

SELLER

The Edgewater Funds

Chicago, Illinois, United States
Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 42
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 2 of 19
State (Missouri) 1 of 3
Country (United States) 2 of 41
Year (2004) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-27 AMF

Mechanicsville, Virginia, United States

AMF Bowling is a bowling brand and company. AMF Bowling operates approximately 370 bowling centers worldwide and is a bowling products manufacturer and distributor. AMF's product line consists of bowling pins, automatic pin-spotters, synthetic lanes, other bowling products and billiards tables.

Buy $670M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-05 FishNet Consulting

Kansas City, Missouri, United States

FishNet Security, Inc. is an information network security solutions company. FishNet's services include consulting, audit, monitoring, account management, integration, support and training.

Buy $12M
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