The transaction will allow the company to focus on its core U.S. defense customers and expand its role in supporting the Navy’s shipbuilding and sustainment priorities, JFLCO said Monday.
“Together with JFLCO and Trident, we have achieved tremendous success, and we now look forward to partnering with DC Capital to seize new opportunities and shape an even brighter future,” AGI CEO David Hyde said.
Commenting on the divestiture, Trident CEO Joe Mullen noted Hyde and the AGI team’s efforts to grow AGI under Trident’s ownership. “We are looking forward to seeing the business capitalize on its multitude of exciting opportunities under new ownership,” he added.
AGI designs and manufactures advanced electronic systems that support navigation, landing and communications functions for naval and maritime applications. Founded in 1915, the company has established a strong global presence serving the U.S., U.K. and allied fleets.
Strategic Advisers
Trident Maritime Systems, based in Arlington, Virginia, provides complex maritime systems and aftermarket services to shipbuilders and operators worldwide, operating near major naval and commercial shipyards.
KippsDeSanto & Co. served as financial adviser to Trident, while Jones Day provided legal counsel.
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