Deal Details
AASKI Is Acquired by MAG
Summary
AASKI Technology Inc. (“AASKI” or the “Company”) has agreed to be acquired by MAG Aerospace (“MAG”), a portfolio company of New Mountain Capital.
Baird served as exclusive financial advisor to AASKI Technology, Inc. on this transaction.
About
AASKI delivers transformational technology solutions in ISR, engineering and integrated logistics support to the C5ISR community. The Company is positioned at the forefront of critical missions including network and communication systems, electronic warfare and cyber, homeland security, and advanced product R&D and prototyping. Based on mission understanding and alignment with customer priorities, AASKI has tremendous track record in bidding, winning, and executing large scale task orders as a prime contractor. AASKI is headquartered in Tinton Falls, New Jersey.MAG’s acquisition of AASKI illustrates the following themes in Government & Defense M&A: alignment with C5ISR market, proven position as a prime contractor on programs of scale, and private equity-backed companies executing an inorganic growth strategy.
MAG is a leader in providing and enabling real-time situational awareness to help its customers make the world smaller and safer. MAG delivers full spectrum ISR Services (operations, training, and technical services) and other specialty aviation to federal, international, civilian, and commercial customers around the world. MAG is headquartered in Fairfax, Virginia.
New Mountain Capital is an investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $20 billion in assets under management. New Mountain Capital is headquartered in New York, New York.
CONTACT US TO LEARN MORE
- Date
- March 2020
- Company
- AASKI
- Transaction
- M&A - Sellside
- Sectors
-
Industrial
Technology & Services - Verticals
-
Defense & Government
- Target Geography
- North America
- Acquiror Geography
- North America
Share