Latest news with #ErikFagan
Techday NZ
3 days ago
- Business
- Techday NZ
Motorola Solutions acquires Silvus Technologies for USD $4.4 billion
Motorola Solutions has completed its acquisition of Silvus Technologies Holdings, a company specialising in mission-critical mobile ad-hoc networks (MANET), for an upfront consideration of USD $4.4 billion. The consideration for the transaction was composed of approximately USD $4.38 billion in cash, subject to customary adjustments, and about USD $20 million in restricted stock to certain employee equity holders. There is also potential for earnout consideration of up to USD $600 million in the aggregate, dependent on business performance over consecutive twelve-month periods ending in 2027 and 2028. Strategic rationale Silvus is based in Los Angeles and develops MANET technology intended to support operations in challenging or contested environments, such as defence, law enforcement, and public safety missions. Its technology enables secure voice, data, and video communications without reliance on fixed infrastructure. Devices connected via Silvus technology can form large, scalable, and self-healing networks that accommodate mobility and tough conditions. These networks are designed to seamlessly support bandwidth-intensive uses, including video streaming, the deployment of sensors, and the operation of drones. "Silvus' advanced solutions for drone and unmanned systems are trusted in the world's most demanding defence environments, and offer vital applications for border security and public safety," said Greg Brown, Chairman and CEO, Motorola Solutions. "Their capabilities are an excellent complement to our land mobile radio and video technologies, and we look forward to bringing them to more customers around the world." Autonomous technologies - such as drones, vehicles, and robots - are increasingly being adopted to improve safety for soldiers and law enforcement personnel. Silvus' MANET solutions allow operators to control such systems with low latency, which the company states can help reduce risks to people while providing increased situational awareness through reliable, high-speed connectivity. Market expansion Silvus works with a variety of clients, comprising defence agencies, autonomous systems manufacturers, intelligence services, law enforcement organisations, and enterprise customers around the globe. Motorola Solutions intends to leverage its own international reach along with long-established relationships in government and public safety to expand the presence of Silvus' technology. Erik Fagan, Partner and Head of Industrial Technology at TJC, commented on the transaction and the company's expertise: "Working with Babak and the Silvus team, we've seen firsthand how their expertise has created truly disruptive communications technology. They've built an exceptional company serving a critical need, and we are excited to watch their next successful chapter unfold with Motorola Solutions as a global leader in safety and security." Babak Daneshrad, PhD, CEO of Silvus Technologies, said the acquisition brings together complementary strengths from both organisations: "We have always respected Motorola Solutions' leadership. At our core, both our companies are driven by innovation that makes the world safer. Bringing our advanced engineering teams together amplifies our ability to build more powerful solutions to serve more customers globally. I am incredibly optimistic about the future we have with Motorola Solutions." Financial overview The transaction sets an upfront valuation of Silvus at USD $4.4 billion. The inclusion of an earnout clause allows for up to an additional USD $600 million based on the achievement of agreed performance targets over specified periods ending in 2027 and 2028. The earnout mechanism is tied to the business performance and growth of the Silvus segment within Motorola Solutions. Motorola Solutions stated that further details on the acquisition and its financial impact would be shared with analysts and stakeholders during the company's regularly scheduled quarterly conference call with financial analysts. Silvus' MANET technology is expected to complement Motorola Solutions' existing offerings in land mobile radio and video technology, supporting the company's strategy of providing integrated solutions for safety, security and operational efficiency across various sectors.
Los Angeles Times
30-05-2025
- Business
- Los Angeles Times
Motorola Announces $5-Billion Acquisition of Los Angeles-Based Silvus Technologies
Los Angeles-based Silvus Technologies, a developer and manufacturer of mobile communications datalinks that facilitate data transmission without the need for fixed infrastructure, will be sold by investment firm TJC LP to Motorola Solutions Inc. for $5 billion. The purchase price is comprised of $4.4 billion in cash and up to $600 million in earnout payments. It is expected to close in the third quarter of 2025. 'Silvus' commitment to mission-critical communication infrastructure is crucial in an increasingly complex global landscape,' said Erik Fagan, partner and head of industrial technology at TJC, in a statement. He noted that TJC acquired the company in 2019, and it grew from 70 employees to more than 350 employees since then. Silvus was founded in 2004. Its technology is primarily used in government, unmanned systems (air, sea and ground), robotics, law enforcement, and other critical commercial and industrial applications. Mayer Brown LLP served as legal counsel to TJC on the transaction, and Morgan Stanley & Co. LLC served as financial advisor. Information for this article was sourced from TJC LP.
Yahoo
28-05-2025
- Business
- Yahoo
TJC Announces Sale of Silvus Technologies to Motorola Solutions Inc. for up to $5.0 Billion
NEW YORK, May 28, 2025--(BUSINESS WIRE)--TJC, L.P. ("TJC") today announced that an affiliate of The Resolute Fund IV, L.P. ("Resolute IV") has signed a definitive agreement to sell Silvus Technologies, Inc. and its subsidiaries ("Silvus" or the "Company") to Motorola Solutions, Inc. (NYSE: MSI), a global leader in providing mission-critical communications. The purchase price will be for up to $5.0 billion, comprised of $4.4 billion in cash and up to $600.0 million in earnout payments. The transaction is expected to close in the third quarter of 2025. Founded in 2004, Silvus develops and manufactures mobile communications datalinks that facilitate data transmission without the need for fixed infrastructure through a proprietary software defined waveform. Silvus' technology is reshaping traditional broadband wireless connectivity by providing leading data throughput, active wireless interference and anti-jamming mitigation, enhanced non-line-of-sight range, and self-forming networks enabling the transmission of critical video, voice and data communications within a private and secure network. Silvus' technology is primarily used in government, unmanned systems (air, sea and ground), robotics, law enforcement, and other critical commercial / industrial applications. Silvus' proprietary technology overcomes traditional network challenges and facilitates data communication in harsh environments, without the need for fixed infrastructure. "Silvus' commitment to mission-critical communication infrastructure is crucial in an increasingly complex global landscape," said Erik Fagan, Partner and Head of Industrial Technology at TJC. "We are pleased to have collaborated closely with Silvus' management team since our investment in 2019, facilitating significant growth including expanding their workforce from 70 to over 350 employees, strategic acquisitions, and advancements in their waveform, software applications, and hardware form factors. These developments enable Silvus users to communicate effectively in the most challenging environments. We look forward to seeing Silvus continue to grow as part of the Motorola Solutions family." Mayer Brown LLP served as legal counsel to TJC on the transaction, and Morgan Stanley & Co. LLC served as financial advisor. About TJC TJC LP, formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders and entrepreneurs across a range of industries including Consumer & Healthcare, Diversified Industrials, Industrial Technology, Logistics & Supply Chain and Technology & Infrastructure. With $32.0 billion of assets under management as of March 31, 2025, TJC is managed by a senior leadership team that has invested together for over 23 years on over 85 investments. TJC has offices in New York, Chicago, Miami and Stamford. For more information, please visit View source version on Contacts Eli KapsackProsek Partners ekapsack@ Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
TJC Announces Sale of Silvus Technologies to Motorola Solutions Inc. for up to $5.0 Billion
NEW YORK, May 28, 2025--(BUSINESS WIRE)--TJC, L.P. ("TJC") today announced that an affiliate of The Resolute Fund IV, L.P. ("Resolute IV") has signed a definitive agreement to sell Silvus Technologies, Inc. and its subsidiaries ("Silvus" or the "Company") to Motorola Solutions, Inc. (NYSE: MSI), a global leader in providing mission-critical communications. The purchase price will be for up to $5.0 billion, comprised of $4.4 billion in cash and up to $600.0 million in earnout payments. The transaction is expected to close in the third quarter of 2025. Founded in 2004, Silvus develops and manufactures mobile communications datalinks that facilitate data transmission without the need for fixed infrastructure through a proprietary software defined waveform. Silvus' technology is reshaping traditional broadband wireless connectivity by providing leading data throughput, active wireless interference and anti-jamming mitigation, enhanced non-line-of-sight range, and self-forming networks enabling the transmission of critical video, voice and data communications within a private and secure network. Silvus' technology is primarily used in government, unmanned systems (air, sea and ground), robotics, law enforcement, and other critical commercial / industrial applications. Silvus' proprietary technology overcomes traditional network challenges and facilitates data communication in harsh environments, without the need for fixed infrastructure. "Silvus' commitment to mission-critical communication infrastructure is crucial in an increasingly complex global landscape," said Erik Fagan, Partner and Head of Industrial Technology at TJC. "We are pleased to have collaborated closely with Silvus' management team since our investment in 2019, facilitating significant growth including expanding their workforce from 70 to over 350 employees, strategic acquisitions, and advancements in their waveform, software applications, and hardware form factors. These developments enable Silvus users to communicate effectively in the most challenging environments. We look forward to seeing Silvus continue to grow as part of the Motorola Solutions family." Mayer Brown LLP served as legal counsel to TJC on the transaction, and Morgan Stanley & Co. LLC served as financial advisor. About TJC TJC LP, formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders and entrepreneurs across a range of industries including Consumer & Healthcare, Diversified Industrials, Industrial Technology, Logistics & Supply Chain and Technology & Infrastructure. With $32.0 billion of assets under management as of March 31, 2025, TJC is managed by a senior leadership team that has invested together for over 23 years on over 85 investments. TJC has offices in New York, Chicago, Miami and Stamford. For more information, please visit View source version on Contacts Eli KapsackProsek Partners ekapsack@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
TJC Announces Sale of Silvus Technologies to Motorola Solutions Inc. for up to $5.0 Billion
NEW YORK--(BUSINESS WIRE)--TJC, L.P. ('TJC') today announced that an affiliate of The Resolute Fund IV, L.P. ('Resolute IV') has signed a definitive agreement to sell Silvus Technologies, Inc. and its subsidiaries ('Silvus' or the 'Company') to Motorola Solutions, Inc. (NYSE: MSI), a global leader in providing mission-critical communications. The purchase price will be for up to $5.0 billion, comprised of $4.4 billion in cash and up to $600.0 million in earnout payments. The transaction is expected to close in the third quarter of 2025. Founded in 2004, Silvus develops and manufactures mobile communications datalinks that facilitate data transmission without the need for fixed infrastructure through a proprietary software defined waveform. Silvus' technology is reshaping traditional broadband wireless connectivity by providing leading data throughput, active wireless interference and anti-jamming mitigation, enhanced non-line-of-sight range, and self-forming networks enabling the transmission of critical video, voice and data communications within a private and secure network. Silvus' technology is primarily used in government, unmanned systems (air, sea and ground), robotics, law enforcement, and other critical commercial / industrial applications. Silvus' proprietary technology overcomes traditional network challenges and facilitates data communication in harsh environments, without the need for fixed infrastructure. 'Silvus' commitment to mission-critical communication infrastructure is crucial in an increasingly complex global landscape,' said Erik Fagan, Partner and Head of Industrial Technology at TJC. 'We are pleased to have collaborated closely with Silvus' management team since our investment in 2019, facilitating significant growth including expanding their workforce from 70 to over 350 employees, strategic acquisitions, and advancements in their waveform, software applications, and hardware form factors. These developments enable Silvus users to communicate effectively in the most challenging environments. We look forward to seeing Silvus continue to grow as part of the Motorola Solutions family.' Mayer Brown LLP served as legal counsel to TJC on the transaction, and Morgan Stanley & Co. LLC served as financial advisor. About TJC TJC LP, formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders and entrepreneurs across a range of industries including Consumer & Healthcare, Diversified Industrials, Industrial Technology, Logistics & Supply Chain and Technology & Infrastructure. With $32.0 billion of assets under management as of March 31, 2025, TJC is managed by a senior leadership team that has invested together for over 23 years on over 85 investments. TJC has offices in New York, Chicago, Miami and Stamford. For more information, please visit
