Acorn Growth Companies, a private equity firm investing exclusively in aerospace, defense and intelligence, has acquired Black Sage Technologies.
The company, a specialist in development, integration and deployment of C-UAS solutions, identifies, classifies, tracks and defeats UAS threats for military, government, law enforcement, and civil applications.
Black Sage employs a hardware-agnostic approach to integrating best-of-breed sensors with its proprietary artificial intelligence-enabled target tracking and defense automation systems to provide adaptable, end-to-end C-UAS systems.
Commenting on the acquisition, Rick Nagel, managing partner of Acorn Growth Companies, said: “The acquisition of Black Sage strengthens our already robust defense portfolio of businesses focused on protecting the interests of the United States and its allies.”
He added: “Black 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.”
Terms of the transaction were not disclosed.