SolAero Technologies Corp (SolAero) has acquired Vanguard Space Technologies, Inc. (Vanguard), a provider of aerospace structural products and assemblies.
Based in San Diego, California, Vanguard has a proven history of delivering satellite structural components and assemblies for commercial, defense, and civil satellites to customers around the world. The company was founded in 1994 and has successfully delivered more than 200 products for over 50 spacecraft, with 100 percent mission success.
Vanguard was acquired as a wholly-owned subsidiary of SolAero, but will be operated under the Alliance Spacesystems brand name. While the acquisition of Vanguard offers key synergy opportunities for the company, no near-term changes to any of the companies' operations are planned as a result of the transaction.
Comments by Brad Clevenger, the CEO of SolAero, indicate that the acquisition does combine highly complementary core business areas that will create a stronger company as well as drive value for the firm's global customer base.
Vanguard is being sold by Enlightenment Capital.