M&A Deal Summary

Sierra Nevada Acquires MicroSat Systems

On January 10, 2008, Sierra Nevada acquired aerospace company MicroSat Systems

Acquisition Highlights
  • This is Sierra Nevada’s 4th transaction in the Aerospace sector.
  • This is Sierra Nevada’s 9th transaction in the United States.
  • This is Sierra Nevada’s 2nd transaction in Colorado.

M&A Deal Summary

Date 2008-01-10
Target MicroSat Systems
Sector Aerospace
Buyer(s) Sierra Nevada
Deal Type Add-on Acquisition

Target

MicroSat Systems

Littleton, Colorado, United States
MicroSat Systems, Inc. is a provider in the small satellite market and had developed innovative spacecraft that included better payload mass fraction, power, data processing, and pointing accuracy than other small satellites and showed the potential to be a disruptive technology to the large and very expensive satellites traditionally used for Department of Defense and NASA missions.

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Buyer(S) 1

Buyer

Sierra Nevada

Sparks, Nevada, United States

Category Company
Founded 1963
Sector Aerospace
DESCRIPTION

Sierra Nevada Corp. is a prime systems integrator and electronic systems provider known for its rapid, innovative, and agile technology solutions. Fast-growing and widely diversified, SNC is a high-tech electronics, engineering, and manufacturing corporation that continues to expand our impressive portfolio of capabilities, programs, products and services.


DEAL STATS #
Overall 9 of 14
Sector (Aerospace) 4 of 8
Type (Add-on Acquisition) 9 of 14
State (Colorado) 2 of 2
Country (United States) 9 of 13
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-09 Straight Flight

Englewood, Colorado, United States

Straight Flight, Inc. is a FAA/EASA Certified Repair Station operations conducted commercial aircraft modification, installation, and maintenance activities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-16 SpaceDev

Poway, California, United States

SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions.

Buy $38M