On October 8, NewSpring announced that NewSpring Holdings, the firm’s majority investment strategy focused on sector-specific platform builds, has acquired C Speed, a leading provider of advanced radar systems and engineering solutions for both civilian and military applications.
This acquisition creates the next platform company under the NewSpring Holdings Federal Platform, a group of innovative businesses that provide critical services and solutions to meet the wide-ranging and sophisticated needs of the U.S. government. It joins BCore, a leader in mission-centric solutions for the Department of Defense and the Intelligence Community, following the earlier success of Avantus Federal, which was sold for $590 million in 2022. C Speed is the fourth platform NewSpring Holdings has established in the last fifteen months.
C Speed has a 30-year history of protecting national and international borders and assets through its air, land, and maritime surveillance technologies and security services. The company specializes in designing, prototyping, and manufacturing state-of-the-art, software-defined radar systems, focusing on radar receivers, exciters, and signal processors that deliver innovative and high-performance solutions to its government agency and commercial clients.
“An era of rapidly evolving threats, accelerated innovation cycles, and scrutiny on spending effectiveness and efficiency present unique challenges for the defense and federal sector broadly. More than ever, we see the crucial role of an innovative partner that delivers integrated, modular sensing capabilities at a competitive price point. Our partnership with C Speed aligns with NewSpring’s vision to support growth and innovation within the national security and defense sector,” said Lee Garber, NewSpring general partner.
“With over 30 years of experience in the radar industry, our business continues to innovate, supporting national and international defense initiatives beyond our traditional software-defined radar/modernization business. We’re entering a pivotal phase of expansion, and NewSpring Holdings brings the expertise, network, and strategic support we need to help us capitalize on new opportunities. We’re thrilled to partner with the entire NewSpring team as we seek to leverage our technology in new ways to address emerging threats,” said C Speed CEO Dave Lysack.
Source: NewSpring
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