M&A Deal Summary

Telecommunication Systems Acquires Trident Space & Defense

On December 14, 2010, Telecommunication Systems acquired defense company Trident Space & Defense from Admiralty Partners

Acquisition Highlights
  • This is Telecommunication Systems’ 1st transaction in the Defense sector.
  • This is Telecommunication Systems’ 5th transaction in the United States.
  • This is Telecommunication Systems’ 4th transaction in California.

M&A Deal Summary
Date 2010-12-14
Target Trident Space & Defense
Sector Defense
Buyer(s) Telecommunication Systems
Sellers(s) Admiralty Partners
Deal Type Add-on Acquisition

Target

Trident Space & Defense

Torrance, California, United States
Trident Space & Defense located in Torrance, California is a recognized industry leader and global supplier of high reliability microelectronic products and services for the Aerospace and Military markets. Originally established in 1976 as a division of TRW (formerly known as TRW-CI), the division became part of privately held Vertical Circuits Inc. in 1999. With the launch of Trident Space & Defense in 2007 - the three legacy Mil/Aero business units in Torrance California (Electronic Components, Advanced Products Group and Ground Systems) are well positioned to build on a proven legacy of 30 successful years in supporting the industry at large with our high technology solutions and total commitment to customer service and support.

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Buyer(S) 1

Buyer

Telecommunication Systems

Annapolis, Maryland, United States
Category Company
Founded 1987
Sector Information Technology
Employees1,074
Revenue 359M USD (2014)
DESCRIPTION

Telecommunication Systems, Inc. is a provider of IT services to secure and highly reliable wireless communications.

DEAL STATS #
Overall 5 of 5
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (California) 4 of 4
Country (United States) 5 of 5
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-15 Networks in Motion

Aliso Viejo, California, United States

Networks in Motion, Inc. is a wireless navigation and local search software company.

Buy -

Seller(S) 1

SELLER

Admiralty Partners

Los Angeles, California, United States

Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 70M USD
Size Small
Type Sector Focused
DESCRIPTION

Admiralty Partners is a specialist private equity firm founded by Jon Kutler, creator of Quarterdeck (later sold to Jefferies & Company). Admiralty targets companies in the aerospace, defense, and federal information technology industries. The Firm looks for businesses generating at least $25 million in sales and will consider opportunities valued up to $100 million. Prospective transactions include acquisitions, recapitalizations, and turnarounds. The Firm will not consider venture investments. Admiralty Partners was formed in 2006 and is based in Los Angeles, California.

DEAL STATS #
Overall 6 of 9
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (California) 3 of 5
Country (United States) 5 of 7
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Pankl Aerosapce Systems AG

Kapfenberg, Austria

Pankl Aerospace Systems is a subsidiary of Austrian public company Pankl Racing Systems AG, is a leading provider of a range of products for aerospace and defense markets including helicopter main and rear rotor drive shafts; in-air refueling system components and jet engine shafts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-06 Marport Deep Sea Technologies

St. Johns, Newfoundland, Canada

Marport Deep Sea Technologies focuses on innovating, developing and marketing Software Defined Sonar® technology and products for a wide variety of underwater sensing and communication applications. Marport's target markets are Commercial Fisheries, Underwater Defence, Offshore Energy and Ocean Science. The company's headquarters are in St. Johns, Newfoundland, Canada.

Buy -
Mergr

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