Marlin Equity Partners has closed its buy of the tactical communications and surveillance division, rebranded Domo Tactical Communications (DTC), from Cobham, a UK-based defense company.
DTC designs, engineers, manufactures and sells surveillance equipment for the defense and intelligence, national law enforcement and public safety, military special operations and asset protection markets. The company’s products include audio and video technologies as well as other more advanced technologies such as tagging, tracking and locating products, advanced cellular monitoring and intercept technologies, cameras and sensors, and surveillance operation command and control software. The company was founded in 2001 and has two headquarters – one in Tampa and the other southwest of London in Whiteley, UK (www.domotactical.com).
Dan Gelston will continue to lead DTC under Marlin ownership. “With Marlin, we have gained a strategic partner with deep corporate divestiture experience and a strong track record of growing global companies. DTC’s market leading position in technologically innovative surveillance equipment combined with Marlin’s operational expertise will provide our customers with unmatched products and service,” he said.
Marlin invests in businesses that have revenues of $20 million to $1 billion and are in the process of undergoing varying degrees of operational, financial or market-driven change. Sectors of interest include technology, healthcare, consumer products and services, business services, manufacturing, aerospace & defense, distribution & logistics, and media. The firm has $3 billion of capital under management and is headquartered in Los Angeles with an additional office in London (www.marlinequity.com).
“We are excited to partner with the leading global provider of high-end surveillance equipment and are passionate to deepen DTC’s long-standing relationships with its global, blue-chip customer base,” said Ryan Wald, a partner at Marlin. “As an independent company, DTC is now well-positioned to execute on its growth plan and continue to provide the most advanced, mission-critical surveillance solutions in the market.”
Cobham (LON: COB), the seller of DTC, is a British manufacturing company based in Wimborne Minster, UK. It is the 51st largest defense firm in world and 5th largest in the UK (www.cobham.com).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-4-16
