Aeronix Technologies Group (“ATG”) Completes Multiple Strategic Acquisitions
| The Partners of ShoreView are pleased to announce that Aeronix Technologies Group (“ATG”), a ShoreView portfolio company, has acquired Systems Integration Plus (“SIP”) and Augustus Aerospace Company (“Augustus”). The acquisitions further support ATG’s position as a preferred partner to founder- and entrepreneur-backed suppliers of defense electronics. Since partnering with ShoreView in 2021, ATG has completed four add-on acquisitions. The SIP and Augustus acquisitions add highly differentiated product capabilities and support ATG’s mission to be a premier mid-sized defense contractor serving the United States and its allies with a full spectrum of defense electronic applications for land, air, sea, and space missions.
SIP is a provider of ruggedized mission computing solutions for applications on a variety of air, ground, and naval defense platforms. SIP is based in Scottsdale, Arizona. Augustus designs, develops, and delivers robust, integrated space-based mission payloads to meet defense and intelligence customers’ most challenging requirements. Augustus has facilities in Lone Tree and Colorado Springs, Colorado. Headquartered in Melbourne, Florida, Aeronix Technologies Group is a supplier of mission systems, data transfer, signal analysis, and communications products and related engineering services to the defense industry. ATG’s products include mission computers, ruggedized ethernet switches, tactical data link technology, software defined radios, mission logistics systems, and signal processing technology. ATG will continue to seek additional add-on opportunities in the defense electronics sector of companies with complementary product and service offerings. For more information on ATG, please visit its website at www.aeronixtg.com. |
| About ShoreView |
| Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family and entrepreneur owned companies across many sectors, including niche manufacturing, value-added distribution, business services, residential services, industrial services, niche consumer, and aerospace/defense. Shoreview structures various acquisition, recapitalization, and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.
If you are interested in speaking with ShoreView about platform or add-on investment opportunities, please contact Garrett Davis at garrett@shoreview.com. |