ACR Group Acquires FreeFlight Systems

ACR Group Acquires TRX Systems

January 19, 2022

Aerospace & Defense

ACR Group has acquired TRX Systems, a Maryland-based developer of NEON GPS‑denied location and TRX Dismounted Assured PNT solutions. TRX will retain its management, products, brand and location; financial terms were not disclosed. The acquisition expands ACR Group’s assured position, navigation, and timing (PNT) capabilities for defense, public safety, and industrial customers.

Arcadea Group Acquires Complete Flight

July 31, 2024

Software

Arcadea Group has acquired Complete Flight, a Part 135 operations software provider, and will merge it with Flight Vector to create an end-to-end leader in aeromedical, utilities and mission-critical aviation markets. The deal positions Arcadea’s aviation platform to offer comprehensive solutions spanning CAD, OCC, maintenance and dispatch while founder Bernie Berg moves to Chief Product Officer.

ACR Group Acquires Blue Sky Network

July 7, 2022

Aerospace & Defense

ACR Group Corporation has acquired Blue Sky Network; Greenwich Capital Group acted as exclusive financial advisor to Blue Sky Network on the transaction. Blue Sky Network will retain its management, brand and engineering capabilities and will join ACR Group’s portfolio to extend satellite communications, tracking and fleet-management offerings across aerospace, government, maritime and commercial markets.

Altair Acquires Research in Flight (FlightStream)

May 1, 2024

Software

Altair has acquired Research in Flight, the developer of FlightStream — a fast, low-footprint computational fluid dynamics (CFD) solver used heavily in aerospace and defense and increasingly in marine, energy, turbomachinery, and automotive markets. The technology will be integrated into Altair’s HyperWorks platform and made available via Altair Units to expand Altair’s aerodynamic simulation capabilities for customers including aerospace, defense, and advanced mobility sectors.

Firan Technology Group Corporation Acquires FLYHT Aerospace Solutions Ltd.

December 20, 2024

Aerospace & Defense

Firan Technology Group Corporation (FTG) has acquired all of the issued and outstanding shares of FLYHT Aerospace Solutions Ltd. under a court-approved plan of arrangement, with closing announced December 20, 2024. The deal, which used a mix of cash and FTG shares as consideration (subject to pro-ration and caps), expands FTG's presence in the commercial aerospace aftermarket and adds FLYHT's SATCOM hardware and data/analytics capabilities to FTG's portfolio.

Arcadea Group Takes Majority Stake in Flight Vector

August 16, 2023

Cloud & SaaS

Arcadea Group, a long-hold, growth-oriented SaaS investor, has made a majority strategic growth investment in Flight Vector, a provider of dispatch, fleet and operations software for air and ground transport customers. The deal will support accelerated product development, expanded services and international growth while Flight Vector’s founder and CEO, Scot Cromer, remains in place with a meaningful equity stake.