Add-on Acquisition • Defense

Voyager Technologies Acquires Estes Energetics

On November 20, 2025, Voyager Technologies acquired defense company Estes Energetics

Acquisition Context
  • This is Voyager Technologies’ 1st transaction in the Defense sector.
  • This is Voyager Technologies’ 9th transaction in the United States.
  • This is Voyager Technologies’ 4th transaction in Colorado.

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M&A Deal Summary

Date November 20, 2025
Target Estes Energetics
Sector Defense
Buyer(s) Voyager Technologies
Deal Type Add-on Acquisition

Target Company

Estes Energetics

Penrose, Colorado, United States
Estes Energetics is a defence and industrial company that researches, designs, engineers, manufactures, tests, and integrates solid-propellant rocket motors, energetics, and associated technologies for government and commercial customers. Estes Energetics was founded in 2021 and is based in Penrose, Colorado.
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Buyer Overview 1

Buyer

Voyager Technologies

Denver, Colorado, United States

Category Company
Founded 2019
Sector Aerospace
Revenue 144M USD (2024)
DESCRIPTION

Voyager Technologies is a defense and space technology company committed to advancing and delivering transformative, mission-critical solutions. Voyager Technologies was founded in 2019 and is based in Denver, Colorado.


Deal Context for Buyer #
Overall 10 of 10
Sector: Defense 1 of 1
Type: Add-on Acquisition 8 of 8
State: Colorado 4 of 4
Country: United States 9 of 9
Year: 2025 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-27 ExoTerra

Littleton, Colorado, United States

ExoTerra is a developer of cutting-edge electric propulsion systems. ExoTerra’s proprietary technology delivers precise maneuvering, extended lifetimes, and high efficiency delta-V – essential for spacecraft across national defense architecture layers that must be able to reposition, avoid threats, and sustain mission advantage. ExoTerra is based in Littleton, Colorado.

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