Technology and services
| Sector | Technology & Services |
| Sub-sector | Defense |
| Location | United States |
This has resulted in increased government defense spending and strategic M&A activity across the defense sector1 as companies seek to expand their technological capabilities and enhance their offerings to customers.
Azure Summit Technology (Azure Summit) is a radio frequency (RF) engineering company that develops high-performance RF hardware, firmware and software technologies that address emerging missions of national importance for customers across the Department of Defense. Azure Summit provides a wide range of multi-channel software defined radio solutions for applications including surveillance, emitter location, direction-finding, interference cancellation, radar and communications. Systems can be tailored to meet a variety of requirements, and supported platforms range from wearable devices to both manned and unmanned aircraft, and submarines. Azure also offers innovative signal processing solutions to challenging problems in the realm of radio frequency spectrum awareness.
CACI delivers distinctive expertise and differentiated technology to US government customers in support of critical national security missions.
The Macquarie team leveraged its deep expertise and relationships across the defense sector to run the highly-competitive and confidential sale process to maximise value and identify the partner that would be best-suited to provide continued support for Azure Summit’s extensive capabilities.
Outcome
Acquiring Azure Summit bolsters CACI’s market-based strategy by expanding its software-defined offerings in signals intelligence, electronic warfare, and intelligence, surveillance, and reconnaissance across multiple domains, platforms, and customer sets, particularly maritime and airborne platforms. The acquisition enhances CACI's capabilities in delivering advanced defense systems and supports its mission to provide innovative solutions for national security challenges.
The transaction also represents the broader trend of strategic M&A activity across the defense sector. Companies are increasingly looking to enhance their capabilities and market position through acquisitions to meet the growing demand for advanced defense systems.
This transaction continues the Macquarie Capital ADG team’s longstanding record of running highly competitive sell-side transactions for companies in the sector, demonstrating their expertise in navigating complex deals and delivering value for their clients.
Azure Summit employees will join CACI
all-cash sale
Macquarie is proud to have played a key role in facilitating a market leading transaction that is expected to drive continued innovation and growth for Azure Summit Technology, while also creating value for the company’s mission-focused customers through the merger with CACI.”
Jeremy Parker
Co-head of Aerospace, Defense and Government Services
Macquarie Capital
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