Warren B. Kanders Acquires Controlling Interest in DHS Technologies
DHS Is the Global Leader in Manufacturing of Shelter and Integrated Trailer Systems for the Defense Industry; Transaction Establishes Acquisition-Oriented Defense Platform
(firmenpresse) - STAMFORD, CT -- (Marketwire) -- 12/20/12 -- Warren B. Kanders, through an affiliate of Kanders & Company, Inc., has acquired a controlling interest in DHS Technologies LLC from DHS management and an investment fund affiliated with The Carlyle Group.
Founded in 1988 by President and CEO Jon Prusmack, DHS is the global leader of mobile infrastructure systems under the DRASH (Deployable Rapid Assembly Shelter) brand. DRASH features the patented quick erect/strike soft-walled shelter, offering 64 models in sizes from 121 SF to 1100 SF, over 20 support trailer systems with multiple integrated utility packages providing power and environmental control plus accessories to support these systems. The principal customers are the U.S. government and armed forces followed by the international market.
DHS products provide applications in tactical operation centers, vehicle maintenance and workshops, medical and life support, unmanned aerial vehicle hangers and control centers, satellite support systems and mortuary units. DHS is headquartered in Orangeburg, NY and has significant manufacturing facilities in Orangeburg and Huntsville, AL.
Warren Kanders has joined DHS as the Executive Chairman while Prusmack will continue to serve as President and CEO.
"DHS has delivered the highest product quality and design to governments and armed forces around the world, and we look forward to continuing this tradition," said Warren Kanders. "Jon and I share a similar long-term vision for DHS, and we plan to continue growing the company's shelter and trailer businesses, while seeking select acquisitions in additional product categories and other defense-related businesses."
"Similar to our recent acquisition of Safariland, we partnered with GSO Capital Partners to finance the transaction, and we begin with a strong balance sheet and the ability to execute quickly on various growth opportunities without raising any additional capital," continued Warren Kanders. "As was the case when I served as Chairman and CEO of Armor Holdings -- which we built to more than $3.5 billion in revenue from 1996 to 2007 -- we believe an established company with excellent free cash flow like DHS provides the right platform to grow in various defense markets."
Jon Prusmack commented: "DHS provides the best products and solutions to the armed services and other customers in our target markets, and we thank Carlyle for their partnership over the last eight years. During this time, we have built a strong culture of quality, dependability and service, and Warren and his team shares these important values. Together, we will continue to expand into new areas through organic initiatives and acquisitions, and I am looking forward to partnering with Warren during this next stage of our development."
FS Investment Corporation, which is advised by FB Income Advisor, LLC and sub-advised by GSO/Blackstone Debt Funds Management LLC, provided financing for the transaction.
Warren B. Kanders
President
Kanders & Company, Inc.
(203) 552-9600
or
A. Jon Prusmack
President and Chief Executive Officer
DHS Technologies LLC
(845) 359-6066 ext. 141
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Datum: 20.12.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 1182320
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