Honeywell acquires Dimensions International
- By Doug Beizer
- May 25, 2007
Honeywell International Inc. will purchase Dimensions International, a defense logistics company, for $230 million.
Dimensions International of Alexandria, Va., provides logistics support for the Army, Navy, Air Force, Marine Corps, Coast Guard and other defense agencies located at military facilities in the Middle East and throughout the world.
The company will be integrated into Honeywell Technology Solutions Inc., a Honeywell unit. Dimension will bolster Honeywell's field support, equipment pre-positioning, depot maintenance and vehicle repair, overhaul and up-armoring offering.
BB&T Capital Markets/Windsor Group represented Dimensions International in the transaction. Dimensions International has about 1,200 employees and anticipates 2007 sales of about $173.5 million. Its Sentel subsidiary is not part of the acquisition.
"The acquisition of Dimensions International will enable us to reach new customers, continue the growth of our defense logistics business and support efforts to reconstitute billions of dollars' worth of worn military equipment," said Ed Wheeler, president, Honeywell Defense and Space.
To expedite the replacement of equipment damaged during wartime operations in the Middle East, the Army and Marine Corps have increased maintenance capacity in theater to provide high-level repair capabilities. Honeywell has been supporting these efforts in the Middle East for more than five years.
Last month, the Navy selected Honeywell to compete for anti-terrorism contracts worth up to $500 million. The Anti-Terrorism Force Protection program allows the company to compete for contracts to design, install and maintain anti-terrorism equipment at naval bases around the world.
Honeywell International of Morris Township, N.J., has about 100,000 employees and had annual revenue of $31.4 billion in 2006. It ranks No. 80
on Washington Technology's 2007 Top 100 list
of the largest federal government prime contractors.
Doug Beizer is a staff writer for Washington Technology.