M&A Deal Summary

Veritas Capital Acquires Frontgrade Technologies

On October 13, 2022, private equity firm Veritas Capital acquired electrical equipment company Frontgrade Technologies from Cobham Advanced Electronic Solutions

Acquisition Highlights
  • This is Veritas Capital’s 2nd transaction in the Electrical Equipment sector.
  • This is Veritas Capital’s 37th transaction in the United States.
  • This is Veritas Capital’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2022-10-13
Target Frontgrade Technologies
Sector Electrical Equipment
Buyer(s) Veritas Capital
Sellers(s) Cobham Advanced Electronic Solutions
Deal Type Divestiture

Target

Frontgrade Technologies

Colorado Springs, Colorado, United States
Frontgrade Technologies is a producer of mission critical components and assemblies for satellites and defense platforms primarily for the government and intelligence community. The Company is a supplier of high-reliability (hi-rel) and radiation hardened (rad-hard) components, high-fidelity signal processing, and power management solutions. Frontgrade Technologies is based in Colorado Springs, Colorado.

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Buyer(S) 1

Buyer

Veritas Capital

New York, New York, United States
Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.

DEAL STATS #
Overall 38 of 41
Sector (Electrical Equipment) 2 of 2
Type (Divestiture) 17 of 19
State (Colorado) 2 of 2
Country (United States) 37 of 39
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Chromalloy

Palm Beach Gardens, Florida, United States

Chromalloy is an independent provider of aftermarket engine parts and repairs to the commercial aerospace, military aerospace, and energy end markets. The Company's capabilities include advanced engineering, design, manufacturing, and repair solutions. Chromalloy has facilities in North America, Europe, and Asia. Chromalloy is based in Palm Beach Gardens, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Wood Mackenzie

London, United Kingdom

Wood Mackenzie is a provider of commercial intelligence for the energy, metals, and mining industries, The company provides objective analysis and advice on assets, companies, and markets, giving clients the insight they need to make better strategic decisions. Wood Mackenzie was formed in 1973 and is based in London.

Buy -

Seller(S) 1

SELLER

Cobham Advanced Electronic Solutions

Arlington, Virginia, United States
Category Company
Sector Semiconductors
DESCRIPTION

Cobham Advanced Electronic Solutions (CAES) is a provider of RF, microwave and millimeter wave, microelectronic and digital solutions for aerospace and defense industry. CAES is based in Arlington, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Colorado Engineering

Colorado Springs, Colorado, United States

Colorado Engineering is a RF and HPC solutions provider offering leading-edge technology solutions for the commercial, industrial, automotive, and military industries. Colorado Engineering was founded in 2003 and is based in Colorado Springs, Colorado.

Buy -
Mergr

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