Oklahoma City-based private equity firm Acorn Growth Companies has acquired counter-unmanned aircraft systems platforms developer Black Sage Technologies for an undisclosed sum.
Rick Nagel, managing partner of Acorn Growth Companies, said in a statement published Thursday the acquisition further strengthens the company™s portfolio of defense companies.
œBlack Sage is truly ahead of its competition in this highly fragmented space, already delivering integrated identification and defeat services across the globe. We see significant growth potential for this market segment, Nagel added.
Boise, Idaho-based Black Sage integrates sensors with its artificial intelligence-based defense automation and target systems using a hardware-agnostic approach to build C-UAS platforms for government, military, civil and law enforcement applications.
Acorn invests in operating companies focused on defense, aerospace and intelligence markets.
