Redwire's latest space tech deal eyes solar arrays
By
Ross Wilkers
Redwire has been busy on the acquisition front with AE Industrial Partners' backing since last year and the latest deal finds a company specializing in solar arrays.
Redwire has completed its third acquisition in as many months that also represents deal number seven for the space platform and component company.
The latest deal announced Tuesday sees Redwire purchase Deployable Space Systems, a maker of solar arrays and other structures. Terms of the deal were not disclosed.
One of DSS’ flagship products is its Roll-Out Solar Array that NASA will use later this year to update those that are on the International Space Station. DSS’ offerings also include satellite mechanisms, booms, mechanical systems and other subsystems.
Redwire is backed by private equity firm AE Industrial Partners and has used that support for these acquisitions since the company’s mid-2020 launch: Adcole Space, Deep Space Systems, Made In Space, Roccor, LoadPath and Oakman Aerospace.
PwC acted as the financial adviser to Redwire with Kirkland & Ellis the legal adviser to Redwire. Fell Marking was the legal adviser to DSS.