QuantiTech, a portfolio company of Sagewind Capital (Sagewind), has acquired Systems Engineering Group, (SEG) from Griffon Corporation. Financial terms of the transaction have not been disclosed.
Headquartered in Columbia, Maryland, SEG is a leading provider of threat engineering and modeling and simulation services to the US Government, primarily supporting the Naval Surface Warfare Center, Missile Defense Agency, and Office of Naval Intelligence. SEG provides advanced, physics-based threat modelling, engineering, and analytics services in support of U.S. Government requirements for weapons and missile systems development, simulation, testing, and analysis. The management team and employees of SEG will continue with the business as a part of QuantiTech.
“We are extremely excited to welcome SEG to the QuantiTech family,” says Randy Cash, Chairman of the Board of QuantiTech. “This combination brings together two companies with an extraordinary depth of talent and expertise in high-end engineering. By strengthening our capabilities in the missile defence, hypersonics, and intel markets, we will be even better positioned to continue serving the important missions of the US Government.”
“As announced this past summer, SEG has been looking to partner with a new parent organisation that is more strategically focused on government technical services,” says Michael Anderson, President of SEG. “We are thrilled to have found that partner in QuantiTech and are energised by the opportunities created through this combination. QuantiTech’s complementary customers and capabilities will allow us to expand our presence as a leader in threat engineering and modelling & simulation.”
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor to QuantiTech. Chertoff Capital, LLC served as exclusive financial advisor and Dechert LLP served as legal advisor to Griffon Corporation.
Source: Private Equity Wire
Image Source
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.