M&A Deal Summary

TSI Group Acquires Orion Defense Systems

On October 4, 2010, TSI Group acquired distribution company Orion Defense Systems from Celerity Partners

Acquisition Highlights
  • This is TSI Group’s 1st transaction in the Distribution sector.
  • This is TSI Group’s 7th transaction in the United States.
  • This is TSI Group’s 4th transaction in California.

M&A Deal Summary

Date 2010-10-04
Target Orion Defense Systems
Sector Distribution
Buyer(s) TSI Group
Sellers(s) Celerity Partners
Deal Type Add-on Acquisition

Target

Orion Defense Systems

Burbank, California, United States
Orion Defense Systems, Inc. is a distributor of electronic and mechanical assemblies to the military aerospace market with primary focus on aircraft upgrade and maintenance programs.

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Buyer(S) 1

Buyer

TSI Group

St. Louis, Missouri, United States

Category Company
Sector Electronics
DESCRIPTION

TSI Group, Inc. is a manufacturer of custom-engineered thermal management and electronic component and systems solutions predominantly to defense and aerospace customers. TSI Group is based in St. Louis, Missouri.


DEAL STATS #
Overall 7 of 7
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: California M&A 4 of 4
Country: United States M&A 7 of 7
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-04 CGR Technologies

Placentia, California, United States

CGR Technologies, Inc. is an engineers, tests and manufactures quality, high performance military and commercial thermal management products; and specializes in air cooled heatsinks, complex vacuum brazed components, liquid and air cooled avionics chassis.

Sell -

Seller(S) 1

SELLER

Celerity Partners

Los Angeles, California, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Celerity Partners is a private equity firm that has invested equity capital in the change of control transactions of private companies. Celerity Partners typically partner with business owners to provide liquidity to entrepreneur and family-owned businesses, recapitalize existing owners of independent companies or facilitate corporate divestitures. Celerity Partners will consider investment opportunities across a wide range of industries in Healthcare, Contract Manufacturing, Energy Services, Infrastructure, and Environmental Services, and Transportation & Logistics. Celerity Partners was formed in 1995 and is based in Los Angeles, California.


DEAL STATS #
Overall 10 of 24
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 12
State: California M&A 5 of 12
Country: United States M&A 8 of 22
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-16 O Premium Waters

Mesa, Arizona, United States

O Premium Waters has rapidly become the #2 bottled home and office delivery ('HOD') water company in Arizona. Since entering the HOD industry, O Premium Waters has demonstrated its ability to rapidly acquire and retain long-term customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-10 OnCore Manufacturing Services

San Jose, California, United States

OnCore Manufacturing Services LLC is a provider of product commercialization services for low-medium volume, high-complexity products to international blue-chip aerospace and defense, industrial and medical companies.

Sell -