Special Aerospace Services, a space engineering and defense technology platform of Godspeed Capital, has acquired Quintron Systems from Fernandez Holdings.
Special Aerospace Services (SAS) is a provider of spaceflight engineering services and related hardware products for propulsion, avionics, systems, and launch site integration. The company has specific capabilities for rapid prototyping, manufacturing, hardware procurement, assembly, and component testing.
Customers of SAS include NASA, the U.S. Department of Defense, and companies operating in the commercial spaceflight sector. SAS was founded in 2007 and is headquartered in Boulder, Colorado, with additional offices in Huntsville, Alabama; San Diego, California; Cape Canaveral, Florida; and Houston, Texas.
Quintron Systems is a provider of communications technology services including consulting and design engineering, electrical contracting, equipment selection and installation, networking and security infrastructure, and unified communications.
Some of Quintron projects have included structured cabling and fiber optic installations, network installations and set-up, integrated audio video systems, closed circuit TV and surveillance systems, access control systems, and command and control centers in rocket launch, range operations, satellite control, battlefield simulations, and test and training range applications.
Many of Quintron’s customers are active in the aerospace, defense, government, and critical infrastructure sectors and include the U.S. Department of Defense and intelligence services, NASA, government prime contractors and private industries.
Quintron, led by President Dominick Barry, was founded in 1970 and is headquartered near Santa Barbara in Santa Maria, California. With the closing of the transaction, Mr. Barry will become the chief operating officer of SAS. “Becoming part of SAS is a significant milestone for Quintron,” said Mr. Barry. “This partnership will allow us to leverage SAS’ resources and expertise to accelerate our growth and expand our reach with existing and new customers. We are excited to work with the SAS team to continue providing exceptional products and services to our customers and explore new opportunities together.”
“We are pleased to welcome Quintron to the SAS family,” said Heather Bulk, the CEO of SAS. “Quintron’s strong reputation for innovation and customer satisfaction complements our values and enhances SAS’ capabilities in critical secure communications technology, enabling us to offer an even wider range of solutions to our clients in the space and defense markets.”
The buy of Quintron is the second addition to the SAS platform and follows the acquisition of Willbrook Solutions, a Huntsville, Alabama-headquartered systems engineering specialist focused on defense programs with customers that include the Defense Department, NASA, Missile Defense Agency, Army Corps of Engineers, and other Army organizations.
Godspeed makes control investments in North American-based lower middle-market companies that have from $3 million to $30 million of EBITDA and are active in the defense and government services sectors. Godspeed was founded in 2021 and is headquartered in Washington DC.
Based in Pacific Palisades, California, Fernandez Holdings is a private investment firm led by Kirk Fernandez. The firm invests in companies that have revenues from $20 million to $1 billion. Sectors of interest include business services, electronics, advanced materials, financial services, and media.
The McLean Group, a Virginia-headquartered investment bank that specializes in the defense, government, and intelligence (DGI); security and critical infrastructure; and maritime sectors was the financial advisor to Quintron on this transaction.
© 2024 Private Equity Professional | May 14, 2024
