M&A Deal Summary

Tcom Acquires Aerostar

On July 29, 2022, Tcom acquired defense company Aerostar from Raven

Acquisition Highlights
  • This is Tcom’s 1st transaction in the Defense sector.
  • This is Tcom’s 1st transaction in the United States.
  • This is Tcom’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2022-07-29
Target Aerostar
Sector Defense
Buyer(s) Tcom
Sellers(s) Raven
Deal Type Divestiture

Target

Aerostar

Sioux Falls, South Dakota, United States
Aerostar design, manufacture, integration, and operation of persistent stratospheric platforms and radar systems. Aerostar's core product offerings include stratospheric platforms, radar, and perception sensors, technical services, and protective wear. Aerostar is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

Tcom

Columbia, Maryland, United States
Category Company
Founded 1971
Sector Aerospace
DESCRIPTION

Tcom is a designer, manufacturer and operator of tethered aerodynamically-stabilized aerostats of up to 233 feet in length that served as platforms for a wide variety of electronic payloads (e.g., radars, listening devices, relays) used by various governments for work such as drug interdiction and surveillance. Tcom was founded in 1971 and is based in Columbia, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Raven

Sioux Falls, South Dakota, United States
Category Company
Founded 1956
Sector Manufacturing
Revenue 348M USD (2021)
DESCRIPTION

Raven Industries is a designer and manufacturer of flexible films and sheeting. Raven is a provider of highly engineered polymer films and sheeting for agriculture, construction, geomembrane, and industrial applications. Raven was founded in 1956 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Jaybridge Robotics - Intellectual Property Portfolio

Cambridge, Massachusetts, United States

Jaybridge Robotics' Intellectual Property Portfolio provides significant and critical patents for technology directly related to path-planning, obstacle detection and avoidance, and multi-machine control systems.

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