Houlihan Lokey Advises Gryphon Technologies

Houlihan Lokey is pleased to announce that Gryphon Technologies (Gryphon), a portfolio company of AE Industrial Partners, has been acquired by ManTech International Corp. (ManTech) for $350 million. The transaction closed on December 9, 2021.

Headquartered in Washington, D.C., Gryphon Technologies provides a broad array of advanced digital and systems engineering capabilities for Department of Defense agencies. The company has built a strong reputation of providing model-based systems engineering, predictive analytics, data/computational science, and cloud engineering solutions for the U.S. Navy, U.S. Air Force, DARPA, the Missile Defense Agency, and other Department of Defense agencies. This transaction underscores the continued market interest in businesses that combine a strong mission focus with differentiated technology capabilities to modernize and transform defense capabilities.

AE Industrial Partners is a private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets.

ManTech provides mission-focused technology solutions and services for U.S. defense, intelligence, and federal civilian agencies. In business more than 52 years, ManTech specializes in full-spectrum cyber, data collection and analytics, enterprise IT, systems engineering, and software application development solutions that support national and homeland security.

Houlihan Lokey served as the exclusive financial advisor and assisted in marketing, structuring, and negotiating the transaction on behalf of Gryphon and AE Industrial Partners.

Houlihan Lokey’s Aerospace, Defense & Government (ADG) practice within the global Industrials Group is a leading M&A advisor to aerospace, defense, and government services companies. Since the beginning of 2020, the team has closed more than 45 transactions worth more than $9.5 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey’s ADG practice is among the largest dedicated industry banking groups worldwide. In 2020, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrial transactions, according to Refinitiv.