Hello, Guest!
  • Thursday, April 18, 2024

Acorn Growth Companies Buys Counter-UAS Tech Developer Black Sage


Jeff Brody

Oklahoma City-based private equity firm Acorn Growth Companies has acquired counter-unmanned aircraft systems platforms developer Black Sage Technologies for an undisclosed sum.

Rick Nagel, managing partner of Acorn Growth Companies, said in a statement published Thursday the acquisition further strengthens the company’s portfolio of defense companies.

“Black Sage is truly ahead of its competition in this highly fragmented space, already delivering integrated identification and defeat services across the globe. We see significant growth potential for this market segment,” Nagel added.

Boise, Idaho-based Black Sage integrates sensors with its artificial intelligence-based defense automation and target systems using a hardware-agnostic approach to build C-UAS platforms for government, military, civil and law enforcement applications.

Acorn invests in operating companies focused on defense, aerospace and intelligence markets.

Video of the Day

Related Articles

Acorn Growth Finalizes Black Sage Sale to Highlander Partners M&A Activity

Acorn Growth Finalizes Black Sage Sale to Highlander Partners

Acorn Growth Companies, a middle-market defense and aerospace investor, has finalized its sale of Black Sage Technologies to private equity firm Highlander Partners. The transaction, which comes nearly four years after Acorn bought Black Sage, is part of the latter’s expansion strategy, Acorn Growth said Tuesday. Oklahoma-headquartered Acorn Growth bought Black Sage in 2019 and

Greg Agnew to Head Acorn M&A Group, Washington DC Operations Executive Moves

Greg Agnew to Head Acorn M&A Group, Washington DC Operations

Greg Agnew, a partner at Acorn Growth Companies and a two-decade financial services industry veteran, has been appointed to lead the private equity firm’s mergers and acquisitions group. He will also succeed the retiring Robert Hinaman as head of Acorn’s Washington, D.C. office, the company said June 30. Agnew will oversee intermediary relationships, sourcing functions

Jim Bridenstine to Join Voyager as Advisory Board Chairman Executive Moves

Jim Bridenstine to Join Voyager as Advisory Board Chairman

Jim Bridenstine, who led NASA from April 2018 to January 2021 and is a recipient of the 2021 Wash100 Award, has been appointed chairman of Voyager Space Holdings’ advisory board. He will work with a group of aerospace and defense sector veterans to guide the Denver-based company on its mission to become known as a