Washington, DC, (February 19, 2020)— FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture, and capital raising services, announced today that Black Diamond Advanced Technology, LLC (BDATech) has been acquired by Black Diamond Systems Corp., a newly formed affiliate of Sagamore Capital Group, LLC. FOCUS represented BDATech in the transaction.
BDATech is a leader in the design, development and manufacturing of tactical computing and communication systems Headquartered in Chandler, AZ, BDATech specializes in creating customized tactical systems that are engineered to withstand any environment and control a variety of military missions for US Air Force, US Marine Corp, the Air National Guard and more.
Sagamore Capital, a New York based private equity group with a focus in aerospace/defense and industrial electronics was a natural fit for BDATech as they look to expand their portfolio in this sector in partnership with strong industry leaders.
“BDATech had made significant strides in last four years establishing their leadership in the dismounted operator segment of the market. Partnership with Sagamore will further enhance their position with broader product portfolio, access to new customers and augmentation of executive talent,” said FOCUS Managing Director and Government Aerospace & Defense Team Leader, Manan Shah. “We are seeing an increased demand for defense electronics companies from both strategic and financial acquirers currently.”
Added Eric Oganesoff, FOCUS Managing Director and Doug Rodgers, also members of the Government, Aerospace and Defense Team, “Sagamore is a great fit for our client. Their industry knowledge, experience and resources will benefit BDATech’s’ customers and employees alike.”
About Black Diamond Advanced Technology
BDATech, an Arizona-based company and Veteran Owned Small Business, is a leader in wearable tactical technology. They primarily serve specialized military operations, but their products and technology are also compatible for commercial markets including biometrics, oil and gas exploration and other rugged industries. Their Engineering Team collectively possesses decades of experience in the aerospace, military, electronics, and defense industries, bringing a wealth of knowledge and expertise to each product developed. http://www.bdatech.com/
About Sagamore Capital
Sagamore Capital is a middle-market private equity firm that invests primarily in the aerospace, defense, industrial electronics and selected business services markets. The firm typically invests in companies where they are well positioned to support organic growth and add-on acquisitions. Sagamore Capital will also invest in corporate carve-outs, special situations, and operational turnarounds. The firm is based in New York, NY. http://www.sagamorecap.com/
About FOCUS Investment Banking
With more than three decades of experience, FOCUS Investment Banking is a trusted name in middle market M&A advisory services worldwide. Whether helping to sell, buy, or raise capital, FOCUS strives to maximize the value of every transaction to the benefit of its clients.
The Government, Aerospace and Defense (GAD) Group of FOCUS Investment Banking has been dedicated to advising and representing clients since 2008. Its team of investment bankers includes many former C-level operators with years of experience in the GAD sectors both domestically and abroad.
Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information, visit www.focusbankers.com/gad.