Morrison Foerster advised ATL Partners (“ATL”), a middle-market private equity firm focused on commercial aerospace, national security, and transportation and logistics sectors, and its portfolio company, Trident Solutions (“Trident”), on the acquisition of Ibeos, a specialized developer of space-qualified power systems, flight computers, processing and data storage units, and high-density batteries.
Trident is a leading provider of innovative space and defense hardware and software. The acquisition expands and strengthens Trident’s space technology portfolio, accelerating its ability to deliver a wider range of complementary power, computing, and networking solutions to both government and commercial space customers.
Ibeos’ highly trained and specialized team brings decades of unique expertise in radiation-hardening and thermal optimization for a range of power systems, high-performance processing solutions, and energy storage products that will complement Trident’s leadership position in on-orbit mission data processors and networking solutions. The combined organization will offer customers a more comprehensive electronics portfolio while maintaining the reliability, performance, and mission assurance required for the demanding space environment.
Founded in 2014, ATL is a premier sector-focused private equity firm that invests in commercial aerospace, national security, and transportation & logistics companies. ATL brings deep sector expertise to its investment approach with experienced investment professionals and strong operating executives who have decades of combined experience in each of ATL’s core sectors.
The MoFo team advising ATL and Trident was led by private equity finance partners Dario Avram and Michael Vernace and finance associates Morgan Maguire, Garret Jones, George Ward, and Emily Stark. The broader team included tax partners Richard Nugent and Dave Sturgeon and of counsel Rebecca Balinskas, government contracts partners Damien Specht and Caitlin Crujido, technology transactions partner Anthony Ramirez, financial services partner Marc-Alain Galeazzi, investment management partner Kelley Howes, patent partner Anita Choi, intellectual property of counsel Muzamil Huq, and national security of counsel Kuang Chiang.