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Nexus Eyes Military Tech Market Through HDT Global Acquisition

Los Angeles-based investment firm Nexus Capital Management has agreed to buy HDT Global, a supplier of expeditionary products for military and emergency response use, from Charlesbank Capital Partners for an undisclosed sum.

Charlesbank said it expects to close the sale by the end of the second quarter, pending customary closing terms.

HDT is headquartered in Solon, Ohio, and offers a portfolio of tactical shelters, protection systems, power generators and environmental control units to the defense market.

Houlihan Lokey and Lazard provided financial advisory services to HDT and Charlesbank on the transaction, respectively.

Ropes & Gray acts as HDT’s legal adviser while law firms Munger, Tolles & Olson and O’Melveny work with Nexus during the acquisition process.

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