Charlesbank Adds-on to HDT Global

Charlesbank Adds-on to HDT Global

dhs nf1HDT Global, a portfolio company of Charlesbank Capital Partners, has acquired DHS Technologies from Kanders & Company. Charlesbank acquired HDT Global from Metalmark Capital in September 2014.

DHS Technologies manufactures Deployable Rapid Assembly Shelter (DRASH) systems and other support components for the military.  Company owned brand names include DRASH, Reeves EMS and DC2E.  The company also offers a line of emergency medical products and accessories through its Reeves EMS brand, including decontamination systems and equipment and patient movement equipment. DHS Technologies was founded in 1984 and is based in Orangeburg, NY (

HDT Global is a provider of services that assist domestic and international militaries, emergency response organizations, and large industrial companies to deploy technology-enabled applications, counter asymmetric threats, and achieve mission success. HDT’s soldier support products include rapidly-deployable tactical shelters; environmental control units; power generation and heating units; chemical, biological, radiological, and nuclear (CBRN) filters and filtration systems; and personnel and advanced aerial delivery parachute systems. The company was founded in 1937 and is based near Cleveland in Solon, OH (

Josh Klevens nf1“This transaction unites two industry leaders with a shared heritage of operational excellence and unrelenting customer focus,” said Josh Klevens, Managing Director at Charlesbank.

As part of the transaction, Kanders & Company also provided equity for the transaction and will retain a minority shareholding in the combined company. “I commend the DHS team for their hard work and dedication, which have helped fortify the company as a leader in its space,” said Warren Kanders, President of Kanders & Company. “Joining with HDT is an exciting opportunity for DHS and its employees, and we look forward to continuing our participation with the combined business.”

Houlihan Lokey served as financial advisor to HDT and Charlesbank Capital Partners on the transaction while Rothschild served as financial advisor to DHS and Kanders & Company.

© 2015 PEPD • Private Equity’s Leading News Magazine • 2-6-15

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