QuantiTech Acquires Systems Engineering Group

Rhea-AI Summary

QuantiTech has acquired Systems Engineering Group (SEG) from Griffon Corporation (NYSE: GFF). The financial terms were not disclosed. SEG specializes in threat engineering and modeling services for the U.S. Government, notably aiding the Naval Surface Warfare Center and Missile Defense Agency. This acquisition aims to enhance QuantiTech's capabilities in missile defense and intelligence markets, allowing for expanded service offerings. The existing management team at SEG will remain in place post-acquisition, emphasizing continuity and expertise integration.

Positive

• Acquisition enhances QuantiTech's capabilities in missile defense and intelligence markets.
• SEG's existing management will remain, ensuring continuity and expertise.
• Strategic alignment with government technical service goals.

Negative

• None.

HUNTSVILLE, Ala., Jan. 4, 2021 /PRNewswire/ -- QuantiTech LLC ("QuantiTech"), a portfolio company of Sagewind Capital LLC ("Sagewind"), announced today that it has acquired Systems Engineering Group, Inc. ("SEG" or the "Company") from Griffon Corporation (NYSE: GFF). Financial terms of the transaction were not announced.

Headquartered in Columbia, Maryland, SEG is a leading provider of threat engineering and modeling and simulation services to the U.S. Government, primarily supporting the Naval Surface Warfare Center, Missile Defense Agency, and Office of Naval Intelligence. SEG provides advanced, physics-based threat modeling, 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," said 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 defense, hypersonics, and intel markets, we will be even better positioned to continue serving the important missions of the U.S. Government."

"As announced this past summer, SEG has been looking to partner with a new parent organization that is more strategically focused on government technical services," said Michael Anderson, President of SEG. "We are thrilled to have found that partner in QuantiTech and are energized 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 modeling & 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.

About Systems Engineering Group

Founded in 1991 and headquartered in Columbia, Maryland, SEG provides sophisticated, highly technical engineering and analytic support to customers. As a leading provider of combat, radar and missile systems engineering and analysis, SEG is a key source of systems engineering expertise for the U.S. Government, specifically within missile defense, hypersonics, and intelligence analysis. For more information please visit https://www.systemsengineeringgroup.com/.

About QuantiTech

QuantiTech is a leading provider of highly technical engineering services to the Army, Air Force, NASA, and various other key defense agencies responsible for maintaining technological superiority. Its capabilities are focused on high-end engineering, software services, modeling & simulation, cybersecurity, test & evaluation, and program management for key defense end-markets such as hypersonics, counter unmanned aircraft systems, and human spaceflight. QuantiTech was founded in 1991 and is headquartered in Huntsville, AL. For more information please visit www.quantitech.com.

About Sagewind Capital

Sagewind Capital is a New York-based middle-market private equity firm that partners with exceptional management teams and focuses on significant capital appreciation by helping businesses grow organically and through strategic acquisitions. Sagewind invests across several industries, including government services, aerospace & defense, software, information technology, healthcare, and business services. The firm is focused on long-term capital appreciation and has the flexibility to own businesses for extended periods. For more information please visit www.sagewindcapital.com.

Contact
Mark Semer
Kekst CNC
(917) 439-3507

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SOURCE QuantiTech LLC

FAQ

What is the significance of QuantiTech's acquisition of SEG?

The acquisition strengthens QuantiTech's capabilities in missile defense and intelligence services, allowing for enhanced support to U.S. Government missions.

When was the acquisition of SEG by QuantiTech announced?

The acquisition was announced on January 4, 2021.

What services does Systems Engineering Group provide to the U.S. Government?

SEG provides threat engineering, modeling, and simulation services, primarily to the Naval Surface Warfare Center, Missile Defense Agency, and Office of Naval Intelligence.

What are the expected benefits for QuantiTech after acquiring SEG?

QuantiTech expects to enhance its technical service offerings and expand its presence in key defense sectors.

Does the press release mention the financial terms of the acquisition?

No, the financial terms of the acquisition were not disclosed.