M&A Deal Summary

Vectrus Acquires Advantor Systems

On July 8, 2019, Vectrus acquired technology hardware company Advantor Systems from McCarthy Partners Management for 44M USD

Acquisition Highlights
  • This is Vectrus’ 1st transaction in the Technology Hardware sector.
  • This is Vectrus’ 3rd largest (disclosed) transaction.
  • This is Vectrus’ 2nd transaction in the United States.
  • This is Vectrus’ 1st transaction in Florida.

M&A Deal Summary

Date 2019-07-08
Target Advantor Systems
Sector Technology Hardware
Buyer(s) Vectrus
Sellers(s) McCarthy Partners Management
Deal Type Add-on Acquisition
Deal Value 44M USD
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Advantor Systems

Orlando, Florida, United States
Advantor Systems Corp. design, manufacture and integrate high-security systems. Advantor Systems Corp. are delivered, installed and maintained for our customers across the globe. Advantor Systems is both a security technology manufacturer and a global security solutions integrator with lengthy experience in protecting critical resources of both nations as well as individual organizations.

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Buyer(S) 1

Buyer

Vectrus

Colorado Springs, Colorado, United States

Category Company
Founded 2014
Sector Business Services
Employees9,200
Revenue 1.4B USD (2020)
DESCRIPTION
Entrance to Vectrus' corporate headquarters in Colorado Springs, Colorado.
Entrance to Vectrus' corporate headquarters in Colorado Springs, Colorado.

Vectrus is a global government services company. The company provides infrastructure asset management, information technology and network communication services, and logistics and supply chain management services to the US government around the world. Vectrus was established in 2014 and is based in Colorado Springs, Colorado.


DEAL STATS #
Overall 2 of 5
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Florida) 1 of 1
Country (United States) 2 of 5
Year (2019) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 SENTEL

Alexandria, Virginia, United States

SENTEL Corp. is an information technology, intelligence, integrated logistics, and engineering services company that develops, tests, implements, and supports innovative technology that improves defense, enables communication, and protects lives. SENTEL was founded in 1987 and is based in Alexandria, Virginia.

Buy $36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 Zenetex

Herndon, Virginia, United States

Zenetex LLC is a provider of technical and strategic solutions focused on enabling mission readiness, performance, and enhanced protection for defense and national security clients globally. Zenetex LLC was founded in 1999 and is based in Herndon, Virginia.

Buy $112M

Seller(S) 1

SELLER

McCarthy Partners Management

Omaha, Nebraska, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

McCarthy Capital is a private equity firm that seeks to invest in mid-to-late-stage companies. The firm looks for companies with revenue of at least $15 million and $3 million in operating profits. McCarthy will consider companies across a broad range of industries possessing significant growth opportunities through participation in growing markets, market share expansion, industry consolidation or innovative business strategies. McCarthy prefers to invest in the range of $5 and $125 million, and will take a minority or majority ownership stake in companies where management has material capital at risk. McCarthy Capital was founded in 1986 and is based in Omaha, Nebraska.


DEAL STATS #
Overall 15 of 25
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 8 of 12
State (Florida) 1 of 1
Country (United States) 15 of 25
Year (2019) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Corkcicle

Orlando, Florida, United States

Corkcicle develops, markets and sells innovative branded consumer products across several categories, including premium insulated drinkware, barware, soft-coolers and more. Corkcicle was founded in 2010 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 BigBelly

Newton, Massachusetts, United States

Bigbelly provides smart waste and recycling solutions for public spaces. Deployed across communities, campuses and organizations in over 50 countries, the smart and connected Bigbelly waste & recycling system combines smart, solar powered, compacting stations with a cloud-based management platform to optimize waste operations. Customers experience up to 80% collection reduction in addition to cleanliness, operational, economic, and environmental gains with Bigbelly. BigBelly was founded in 2003 and is based in Needham, Massachusetts.

Buy -