Transactions
February 4 2025
KippsDeSanto & Co. advises Kranze Technology Solutions, Inc. on its sale to SPX Technologies
KippsDeSanto & Co. is pleased to announce the sale of its client, Kranze Technology Solutions, Inc. (“KTS” or the “Company”) to SPX Technologies (“SPX”, NYSE:SPXC).
Founded in 2008 and headquartered in Des Plaines, Illinois, KTS is a leading provider for advanced Digital Interoperability (“DI”) and tactical networking solutions which integrate and distribute real-time information across multiple communications domains and platforms to enhance situational awareness, coordination, and tactical execution during operations. The Company has built trusted relationships with the U.S Department of Defense (“DoD”) customers, particularly with the US Marine Corps, equipping KTS’ products on several marquee platforms such as MV-22, CH-53, AH-1Z, UH-1Y, and MQ-9A. KTS’ best-in-class DI-Kit Components and DI Processors can be used across multiple waveforms and platforms, driving superior interoperability across all Warfighters enhancing both safety and communication capabilities.
SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. The transaction will scale SPX’s CommTech platform to more than $200 million in revenue and secure long-term positions within US military platforms that rely on KTS’ differentiated technology.
This transaction highlights several key trends in the aerospace and defense M&A markets:
· Increased market demand for multi-platform communication solutions relating to situational awareness, interoperability, and survivability
· Importance of differentiated technologies dedicated to existing and next-generation platforms
· Alignment with DoD's key digital evolution priorities
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Sung Shin
KippsDeSanto & Co. is pleased to announce the sale of its client, Kranze Technology Solutions, Inc. (“KTS” or the “Company”) to SPX Technologies (“SPX”, NYSE:SPXC).
Founded in 2008 and headquartered in Des Plaines, Illinois, KTS is a leading provider for advanced Digital Interoperability (“DI”) and tactical networking solutions which integrate and distribute real-time information across multiple communications domains and platforms to enhance situational awareness, coordination, and tactical execution during operations. The Company has built trusted relationships with the U.S Department of Defense (“DoD”) customers, particularly with the US Marine Corps, equipping KTS’ products on several marquee platforms such as MV-22, CH-53, AH-1Z, UH-1Y, and MQ-9A. KTS’ best-in-class DI-Kit Components and DI Processors can be used across multiple waveforms and platforms, driving superior interoperability across all Warfighters enhancing both safety and communication capabilities.
SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. The transaction will scale SPX’s CommTech platform to more than $200 million in revenue and secure long-term positions within US military platforms that rely on KTS’ differentiated technology.
This transaction highlights several key trends in the aerospace and defense M&A markets:
· Increased market demand for multi-platform communication solutions relating to situational awareness, interoperability, and survivability
· Importance of differentiated technologies dedicated to existing and next-generation platforms
· Alignment with DoD's key digital evolution priorities
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Sung Shin
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