Aronson Capital Partners (“ACP”) is pleased to announce the acquisition of TATE, Incorporated (“TATE” or the “Company”) by CENTRA Technology, Inc. The transaction expands CENTRA’s training and technical solutions for high risk personnel of the United States Military, Intelligence, Law Enforcement and Diplomatic communities. Following the acquisition, TATE will operate as a wholly-owned subsidiary of CENTRA and will continue to be led by its founder and senior management team.
With significant operations in North Carolina, Virginia and Washington State, TATE has been a leading provider of Personnel Recovery and Survival, Evasion, Resistance and Escape (“SERE”) training solutions for the past two decades having supported a diverse collection of coveted military clients that operate in highly stressful and hostile environments. Many of TATE’s 230 employees have extensive careers drawing upon the operational military and intelligence communities, which uniquely qualify them to provide realistic training in support of Unconventional Warfare and Counter-Terrorism missions. More recently, the Company has expanded its offerings to include Counter-IED and WMD training for a diverse customer base on a 20-acre facility south of Washington, DC.
The acquisition of TATE will provide CENTRA additional scale for its existing operations in Fayetteville, NC; further expand its support to Airborne and Special Operations Forces; and provide access to a diverse set of long-term prime, competitively awarded contracts that can be further leveraged. We believe this transaction demonstrates several key trends in the aerospace, defense and government services M&A environment:
Philip McMann is a Partner at Aronson Capital Partners, LLC, providing investment banking services to defense and government technology services firms. Over the past 15 years, Phil has worked on over 30 M&A transactions involving private middle-market and publicly-traded companies. During this period, he has advised or sold clients to some of the leading strategic buyers and private equity firms in the defense and government services industry, including Applied Signal Technology, Boeing, CACI, ManTech, SAIC, Sotera Defense Solutions, Ultra Electronics, VT Group, New Mountain Capital and Veritas Capital.
Aronson Capital Partners is a leading M&A advisor to middle-market defense and government technology solutions providers. ACP provides a full range of M&A and corporate finance advisory services to enable our clients to achieve their growth and liquidity objectives. With our exclusive focus on the government services and technology sector, we are able to provide clients with a unique industry perspective and access to longstanding relationships with the most active strategic buyers.