The private equity firm Chumash Capital Investments last Friday acquired Capco, LLC, a small defense contractor with expertise in energetics, light weapons, and electromechanical devices.
Terms of the deal were not disclosed.
Capco, which is based in Colorado, has more than 300 employees, including an engineering team of mechanical engineers, physicists and chemists.
Capco’s energetic devices can be produced in high and low volumes and are used by most of the Defense Department’s fixed and rotary-wing aircraft. The company also designs and manufactures mounts for machine guns, produces the Army’s M320A1 grenade launcher, and produces electronic components in support of Army scatterable mines, Navy flare dispensers, commercial aircraft, deep hole drilling and air delivered munitions.
Capco also does research and development in energetic materials, electronics, and weapons and accessories.
Chumash Capital is an investment entity of the Sana Ynez Band of Chumash Indians.
Capco’s financial advisor on the deal was Houlihan Lokey and Chumash Capital was advised by Horizon Business Advisors.