Houlihan Lokey Advises Salvo Technologies

Houlihan Lokey is pleased to announce that Salvo Technologies (Salvo) has received a strategic investment from DBHCAP and Tides Capital (collectively, “DBH Tides”). The transaction closed on April 25, 2022.

Headquartered in Tampa, Florida, Salvo invests in and develops manufacturing companies serving the defense, security, medical, industrial, and commercial markets. Since its inception, the company has grown into an organization with global reach and manufacturing capabilities on multiple continents. Salvo provides a range of world-class products and services, including imaging and sensing solutions with an emphasis on multispectral and polarimetric systems, high-reliability electronic and electro-optical components and assemblies, optical filters, thin and thick film coatings, and fire-control optics.

DBHCAP and Tides Capital, led by Desmond Henry and Scott Mackay, respectively, launched to build a highly focused portfolio of well-positioned, lower-middle-market companies. Specifically, DBH Tides pursues opportunities with businesses seeking a partner to manage the critical inflection point ahead of transformational growth. While they maintain independent firms, the sponsors work closely together, leveraging their 15-year relationship and highly complementary skills and networks to bring entrepreneurial passion, best-in-class strategic and operational support, and highly tailored capital solutions to attractive lower-middle-market investment opportunities.

Houlihan Lokey served as the exclusive financial advisor and assisted in structuring and negotiating the transaction on behalf of Salvo.

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. 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 2021, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrial transactions, according to Refinitiv.