SolAero Technologies Corp (SolAero), a provider of satellite solar power and structural solutions, has acquired Vanguard Space Technologies, Inc. (Vanguard), also a provider of aerospace structural products and assemblies. Based in San
Vanguard was acquired as a wholly-owned subsidiary of SolAero, but will be operated under the Alliance Spacesystems brand name. While the acquisition of Vanguard offers key synergy opportunities for the company, no near-term changes to any of the companies’ operations are planned as a result of the transaction.
“We are delighted to add Vanguard to the SolAero family. This acquisition combines highly complementary core businesses to create a stronger company that will drive value for our worldwide customer base,” said Brad Clevenger, CEO of SolAero. “We look forward to continuing to bring innovative and cost-effective solutions to all of our customers across all lines of business.”
“Vanguard is pleased to be joining the SolAero team. We have established a great working relationship over the years working on joint projects. This acquisition will consolidate the capabilities and resources of Alliance and Vanguard, and Vanguard’s extensive engineering heritage will enhance SolAero’s portfolio of products and services to the space structures industry,” said Frank Belknap, CEO of Vanguard.
Vanguard is being sold by Enlightenment Capital.