Huntsville, Alabama-based technical services provider QuantiTech has bought Systems Engineering Group, a Griffon Corp. (NYSE: GFF) subsidiary that provides threat engineering, analytics and modeling support to defense customers.
Financial terms of the deal were not disclosed and QuantiTech said Monday the management team and staff members of SEG will remain with the business after the acquisition.
Columbia, Maryland-based engineers missile, radar and combat systems in support of U.S. weapons development programs.
Paul, Weiss, Rifkind, Wharton & Garrison acted as QuantiTech's legal adviser on the transaction, while Chertoff Capital and Dechert respectively served as Griffon's financial and legal advisers during the sale process.
QuantiTech operates as a portfolio company of New York-based investment firm Sagewind Capital.
