Redwire on Tuesday said it has made another acquisition to further build out its space solutions platform, adding Oakman Aerospace, Inc., a provider of digital engineering capabilities for spacecraft design and development.
Terms of the deal were not disclosed.
“Oakman Aerospace adds a critical capability in digital engineering that will significantly enhance our space infrastructure solutions,” Peter Cannito, chairman and CEO of Redwire, said in a statement. “Their modular open systems architecture design and development approach and proprietary commercial off-the-shelf software suite is transforming the way future space capabilities are designed, developed, deployed and operated.”
Redwire, a portfolio company of the private equity firm AE Industrial Partners, was formed last June through the acquisitions, and combination of, Deep Space Systems and Adcole Space. Since then, the company has acquired four additional small space companies, including Oakman.
OAI, which is based in Colorado, has capabilities in rapid spacecraft design and development, modular and open systems architecture, custom missions, payloads and applications, and production and testing. The company’s key customers include the Defense Department, government and commercial entities.
OAI’s co-founders and senior managers will remain with the company.
“Joining Redwire advances our strategic ambition to achieve the next level of growth and expand our technological innovation,” Maureen O’Brien, co-founder and CEO of OAI, said in a statement. “We look forward to leveraging these additional resources to enhance our capabilities and offer new products and services to our customers.”
Redwire’s financial adviser on the deal was
PricewaterhouseCoopers LLP and OAI was advised by Karsh & Co. and ReliAscent LLC.