By ET Bureau - December 07, 2020 1 mins read
By Light Professional IT Services (“By Light”), a portfolio company of Sagewind Capital LLC (“Sagewind”), has acquired Raydon Corporation (“Raydon” or the “Company”), a leading provider of virtual, adaptable integrated military training technology primarily for the U.S. Department of Defense (“DOD”). Financial terms of the transaction were not announced.
Headquartered in Port Orange, Florida, Raydon provides full lifecycle solutions, including engineering, custom manufacturing, and supply chain management solutions in support of the DOD’s virtual training and simulation programs. The company’s training solutions are designed to rapidly advance warfighter proficiency with extremely high transfer of skills from simulation to live-engagement.
“The acquisition of Raydon strategically expands By Light’s existing capabilities within modeling & simulation and virtual training,” said Bob Donahue, Founder and CEO of By Light. “Raydon will enable By Light to provide end-to-end solutions in support of the Army’s virtual training, ultimately advancing warfighter proficiency with an extremely high transfer of skills from simulation to live engagement.”
Truist Securities served as exclusive financial advisor to Raydon.
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