Albion River Acquires Arotech Corporation
Deal News | Feb 03, 2025 | Greenbriar Equity Group LLC
Albion River has announced the acquisition of Arotech Corporation from Greenbriar Equity Group. Arotech, headquartered in Ann Arbor, Michigan, specializes in high-fidelity training and simulation, portable power systems, and advanced electronics manufacturing, predominantly for defense and security sectors. This acquisition aims to expand Albion River’s footprint in these fields. Arotech's team, led by CEO Dean Krutty, remains intact and is set to leverage Albion River’s resources to diversify and expand offerings and pursue further strategic acquisitions. Legal and financial advisory roles were provided by Bryan Cave Leighton Paisner LLP and 3Wire Partners for Albion River, and Kirkland & Ellis LLP for Greenbriar Equity Group.
Sectors
- Defense & Security
- Electronics Manufacturing
- Investment & Private Equity
Geography
- United States – The transaction involves American companies Albion River and Arotech Corporation, the latter being headquartered in Ann Arbor, Michigan.
- Washington D.C. – Albion River announced the acquisition from Washington, D.C., indicating it as a significant location for the company.
Industry
- Defense & Security – Arotech Corporation operates within the defense and security industry, providing advanced technology solutions such as training & simulation and portable power systems for military and security applications.
- Electronics Manufacturing – Arotech is involved in the manufacturing of advanced electronics, contributing to its role in supplying cutting-edge technology to defense and commercial sectors.
- Investment & Private Equity – The acquisition involves Greenbriar Equity Group, a private equity firm, and Albion River, which is engaged in strategic acquisitions to expand its defense platform.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arotech Corporation | Target Company | Company | Arotech is a leader in high-fidelity training and simulation, advanced electronics manufacturing, and portable power systems, serving defense and security markets. |
| Albion River | Acquiring Company | Company | Albion River is a defense and security platform that has acquired Arotech to expand its capabilities in this sector. |
| Greenbriar Equity Group | Vendor | Company | A private equity firm that sold Arotech Corporation to Albion River. |
| Bryan Cave Leighton Paisner LLP | Legal Advisor to Albion | Company | Served as legal advisor to Albion River on the acquisition of Arotech Corporation. |
| 3Wire Partners | Financial Advisor to Albion | Company | Provided financial advisory services to Albion River for this transaction. |
| Kirkland & Ellis LLP | Legal Advisor to Greenbriar | Company | Served as legal advisor to Greenbriar Equity Group on the transaction. |
| Dean Krutty | CEO of Arotech Corporation | Person | Lead Arotech's management team and will continue in his role post-acquisition by Albion River. |