Special Aerospace Services buys secure communications business
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By
Ross Wilkers
Godspeed Capital Management has now backed two acquisitions of SAS with this newest move also adding a NASA footprint.
Special Aerospace Services is moving quickly to build itself up as a larger competitor in the space and missile defense verticals with the backing of its new private equity owners.
Godspeed Capital Management first unveiled SAS to the government market landscape in mid-April and then supported its first acquisition that added Willbrook Solutions, a systems engineering company focused on defense programs.
Acquisition number two for SAS sees the company purchase Quintron Systems, a secure communications technology outfit that focuses on space and defense programs. Terms of the transaction announced Tuesday were not disclosed.
Qintron opened for business in 1970 and designs its Voice-over-Internet Protocol technology to ensure integrated and uninterrupted communications during launch operations.
The company has recorded $1.2 million in unclassified prime contract obligations over the trailing 12 months with NASA representing 92% of that and the rest with the Army, according to USASpending.gov data.
On Quintron's website, the company describes its DICES VoIP offering as being used by personnel at and working with NASA's Marshall Space Flight Center to establish a direct radio link to the International Space Station.
In conjunction with the transaction, Qintron's president Dominick Barry has been appointed chief operating officer of SAS.
Latham & Watkins LLP acted as legal adviser to Godspeed Capital and The McLean Group was the exclusive financial adviser to Quintron.