Latest news with #TJC
Yahoo
19 hours ago
- Business
- Yahoo
2 promising East Texas students awarded scholarships before beginning their collegiate career's
TYLER, Texas (KETK) – Two incoming Tyler Junior College students were awarded scholarships from the East Texas Leadership Summit. Elysian Fields ISD announces interim superintendent Diego Castro, a recent Tyler Legacy High School graduate, and Fernanda Palacios, a recent Winnsboro High School graduate, were both awarded scholarships during the summit. The summit was held by the Hispanic Professionals Association of Tyler (HPAT) as they strive to create opportunities for learning, networking and collaboration in the East Texas community. Courtesy of Tyler Junior Community College Castro will be attending TJC this fall and will be part of the Texas A&M Engineering Academy focusing on mechanical engineering. Palacios will also be attending TJC this summer looking to begin a career in radiologic technology. East Texas Leadership Summit co-chair Ebb Torres and his organization will continue to strive to empower students across East Texas. 'All profits from the East Texas Leadership Summit go toward providing scholarships for students in Smith and surrounding counties,' Torres said 'HPAT is on a passionate mission to uplift and empower the promising young minds of our community.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Los Angeles Times
6 days ago
- 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
7 days ago
- Business
- Yahoo
Motorola Solutions (MSI) Acquires Silvus Technologies for $4.4 Billion
On Wednesday, May 28, Motorola Solutions Inc. (NYSE:MSI) announced its acquisition of privately held Silvus Technologies Inc., a wireless radio manufacturer specializing in MIMO (Multiple Input, Multiple Output) communication technology. The all-cash deal is valued at $4.4 billion. Silvus was previously owned by private equity firm TJC (earlier known as The Jordan Company), which acquired it in 2019. In addition to the cash consideration, certain Silvus employees holding equity will receive $20 million in restricted stock. The deal also includes a potential performance-based payout of up to $600 million, contingent upon achieving specific performance metrics during consecutive 12-month periods ending in 2027 and 2028. Ken Wolter / According to Bloomberg data, this marks Motorola's only billion-dollar-plus acquisition in the past decade, despite the company completing around 40 acquisitions over that period. This underscores Motorola's conviction in Silvus' capabilities and the strategic value of its technology. The acquisition is particularly timely amid rising global conflicts, where demand for secure, resilient communication technologies is accelerating. Silvus' mobile ad-hoc networking (MANET) technology enables decentralized, infrastructure-free communication, a key advantage in mission-critical and frontline situations. Motorola believes Silvus will strengthen its existing portfolio and expand its offerings to military, law enforcement, and commercial clients. The combination of Silvus' cutting-edge engineering with Motorola's global scale aims to deliver more advanced and secure solutions across various industries. Motorola Solutions is a global technology, communications, and security company. It provides high-tech security and mission-critical communication products for businesses and governments. While we acknowledge the potential of MSI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSI and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 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
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
