Financial Advisor to Augustus Aerospace Company

GLC Advisors Transaction Closing Announcement

Augustus Aerospace Company (“AAC”), a leading developer and provider of Intelligence, Surveillance, and Reconnaissance (“ISR”), communications, and radar systems for space platforms has been acquired by Aeronix Technologies Group (“ATG”), a provider of defense electronics for use in the domains of air, land, sea, and space. ATG is a portfolio company of ShoreView, a Minneapolis-based private equity firm.

Founded in January 2018, with facilities in Lone Tree and Colorado Springs, Colorado, AAC designs, develops, and delivers robust, integrated mission systems to meet military, defense, and intelligence customers’ most challenging ISR, communications, and radar requirements. AAC has successfully executed over 15 separate programs and will have delivered more than 40 flight payloads by the end of this year – each requiring sophisticated innovations for mission success in addition to supporting aggressive delivery schedules.

ATG’s acquisition of AAC will support AAC’s transition from cutting edge research and development of ISR space systems to high-capacity production that meets and exceeds the demanding standards of space operations.

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“At Augustus we develop cutting edge capabilities across the entire spectrum of electromagnetics from ultrawide band electronically steerable arrays, to very low noise digital sampling receivers to the most complicated signal processing algorithms in the world.  The only way we were going to get top dollar for the sale of our company is with the support of an extremely intelligent investment banking team.  GLC Advisors was up to the challenge and became persuasive advocates throughout the entire process.“

Mace Golden, PH.D.
President & CEO, Augustus Aerospace Company

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GLC’s Business Services & Industrials Team  GLC’s Business Services & Industrials Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events. Adam Fiedor  /  Managing Director Adam.Fiedor@glca.com  /  303.479.3845 Michael Richter  /  Managing Director Michael.Richter@glca.com  /  303.479.3844 Michael Fleschner  /  Director Michael.Fleschner@glca.com  /  303.479.3846 Michael Armbruster  /  Vice President Michael.Armbruster@glca.com  /  303.479.3851 Jackson Winn  /  Associate Jackson.Winn@glca.com  /  303.479.3854 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: mergers & acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, Denver, Los Angeles and San Francisco. For more information, visit www.glca.com.