Latest news with #ErikFagan
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
Yahoo
31-03-2025
- Business
- Yahoo
TJC Closes Acquisition of L3Harris' Commercial Aviation Solutions Business
NEW YORK, March 31, 2025--(BUSINESS WIRE)--TJC, L.P. ("TJC"), announced today that an affiliate of The Resolute Fund VI, L.P. ("Resolute VI") has closed the acquisition of L3Harris Technologies (NYSE:LHX) Commercial Aviation Solutions business ("CAS," or the "Company") for $800 million. CAS has two operating business units; the Avionics unit designs and manufactures mission critical, IP-driven avionics products, and the Commercial Training Solutions ("CTS") unit provides an integrated suite of aircraft training solutions. The Avionics unit is a global leader in aviation that enhances safety and increases efficiency and situational awareness for next-generation requirements and helps its customers create safer skies. Their products include ADS-B NextGen surveillance, configurable voice and data recorders, collision avoidance systems, navigation products, display systems, processors and additional products such as satellite communications equipment and data analytics services. The business serves over 160 distinct aircraft platforms across commercial air transport, business and regional jet, and military end markets. The CTS unit manufactures training systems and provides airline training, including recurring courses for pilots and airline academy participants. The training systems suite includes full flight simulators, flight training devices, flat panel trainers, and relevant training courseware and equipment upgrades. Airline training includes airline-specific qualification courses, refresher training and simulator time. Its airline academy provides an integrated environment that supports cadets over a 12-18 month training period, including flight training, instruction, type rating, and placement with regional and major airlines. "L3Harris' CAS business is a global leader with a long history of providing highly engineered products at the intersection of data, communications and safety," said Erik Fagan, a Partner at TJC. "We look forward to partnering with their strong management team to build upon their history of success to provide high-reliability solutions to their critical customers." Kirkland & Ellis LLP is serving as legal counsel for TJC. Morgan Stanley & Co. LLC and Moelis & Company LLC are acting as financial advisors and Sullivan & Cromwell LLP is serving as legal counsel for L3Harris. 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 $31.8 billion of assets under management as of December 31, 2024, 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 Media ContactEli Kapsackekapsack@ Sign in to access your portfolio
