Richard Tekneci
Senior Reporter at Mergermarket
Financial Journalist at dealReporter
NYC born and bred. Financial journalist for @Mergermarket, @Dealreporter covering aerospace/defense. Avid Knicks, Giants, Mets, Man United, Mich Wolverines fan.
Articles
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Jan 15, 2025 |
ionanalytics.com | Richard Tekneci |Sam Weisberg |Carlos Martinez
News (Intelligence) PE and strategics interested in the businessUltra Maritime provides undersea warfare systemsAdvent International-backed Ultra Electronics is expected to receive acquisition interest from potential buyers for its Ultra Maritime business if it comes up for sale, said three sources familiar with the matter. In July, St. Louis-based industrial products maker ESCO Technologies Inc.
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Jan 9, 2025 |
ionanalytics.com | Carlos Martinez |Richard Tekneci |Cristiano Dalla Bona |Sam Weisberg
Data Insight Volume for Industrials, including chemicals, reached USD 197bnConstruction/Building products was biggest segment, comprising one-thirdFalling interest rates and softening inflation led to a surge in North American Industrials and Chemicals M&A deal value in 2024, according to Mergermarket data. The value of disclosed deals in 2024 reached USD 197bn, up close to 64% from USD 120.5bn in 2023, according to Mergermarket data.
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Sep 20, 2024 |
ionanalytics.com | Richard Tekneci |Sam Weisberg |Aldrin Brown |Collin Krabbe
Amid rising geopolitical unrest, demand for defense-related products is driving dealmaking activity in North America. Defense sector dealmaking of USD 87.6bn so far this year puts 2024 on track to be the third highest by volume, behind only 2021 and 2015, according to Mergermarket data. With three and a half months still left, 2024 has already surpassed M&A volume for the whole of 2023 and 2022.
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Sep 13, 2024 |
ionanalytics.com | Mark Andress |Richard Tekneci |Carlos Martinez
Kratos Defense & Security Solutions [NASDAQ:KTOS] is being viewed as a potential acquisition target again as M&A in the defense sector heats up, said two sector advisors and an analyst. The San Diego-based company, which has a USD 3.37bn market cap, could be targeted in 2025 or 2026 as it racks up contract wins for its tactical drones, spatial awareness business, and hypersonic scramjet technology, said the analyst.
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Jul 26, 2024 |
ionanalytics.com | Richard Tekneci |Bhavna Kaul |Cristiano Dalla Bona |Sam Weisberg
News (Intelligence) StandardAero, the aviation maintenance company backed by Carlyle Group [NASDAQ:CG], is receiving interest from at least a handful of financial sponsors, said three sources familiar with the matter. Bain Capital is among the private equity firms showing interest in the Scottsdale, Arizona-based company, the same sources said. Bloomberg reported last week that Blackstone [NYSE:BX] and CVC Capital Partners could bid for StandardAero.
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The aerospace sector continues to see M&A activity as ATL Partners has acquired a majority stake in Aero Accessories. We were first to report on a potential sale. https://t.co/yPhTlGKZfV
M&A remains quite strong among private equity and the aerospace/defense sector as Arcline Investment portfolio company Qnnect has agreed to acquire Hermetic Solutions from Windjammer Capital. We were first to report on the sale process in August. https://t.co/7RWneoHVJE
More M&A in the defense sector as L3Harris Technologies has agreed to acquire Viasat’s Tactical Data Link business for $1.96bn. We were first to publish stories on Viasat last year, highlighting the potential divest. https://t.co/UNIectYpae https://t.co/E8aFrZDELj