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Deal Summary McColl Partners served as exclusive financial advisor to FAAC Incorporated in its sale to Arotech Corporation (NasdaqNM: ARTX), a leading provider of defense and security products for the military, law enforcement, and homeland security markets. Dave Vorhoff, Lorin DeMordaunt, and Wes Bieligk led McColl Partners’ execution of this transaction.
FAAC Incorporated has provided simulators, systems engineering, and software products to the U.S. military, government, and commercial sectors for over 30 years and will significantly expand Arotech's simulation business. "This acquisition will significantly increase our revenues,” said Robert S. Ehrlich, Arotech's Chairman, President, and CEO. "Furthermore, combining the strengths of FAAC, a leader in the military markets, and our IES Interactive multimedia and interactive training systems, a leader in simulators for the law enforcement market, clearly presents significant synergy advantages for Arotech."
About FAAC Incorporated Headquartered in Ann Arbor, Michigan, FAAC Incorporated is the leading supplier of wheeled vehicle simulators to the U.S. Armed Forces for mission critical vehicle training. The Company also develops analytical models and simulations of tactical air warfare for the Department of Defense and its related contractors. Simulations developed by FAAC are found in systems ranging from instrumented air combat and maneuver ranges (such as Top Gun) to full task training devices such as the F-18 Weapon Tactics Trainer. Additionally, FAAC has developed one of the world’s broadest lines of commercial vehicle simulators used by transit departments, municipalities, and corporate entities.
About McColl Partners McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle market companies. With significant experience working with entrepreneurs, family-owned businesses, public companies, private equity groups, and divisions of larger companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
To learn more about our expertise in the Aerospace & Defense industry, please call Lorin DeMordaunt at 704-333-0525. More information about McColl Partners can be found at www.mccollpartners.com.
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