Aerospace, Defense & Space
Kägwerks Has Received a Growth Equity Investment from Bochi Investments
Published October 29, 2024
Kägwerks Has Received Growth Capital from Bochi Investments
SEATTLE, WASHINGTON – October 29, 2024 – Meridian Capital (“Meridian”), a leading independent middle market investment bank and M&A advisory firm, is pleased to announce the growth equity investment in its client SKT2 LLC dba Kägwerks (“Kägwerks” or the “Company”) by Bochi Investments, LLC (“Bochi”) in June 2024.
Kägwerks is a leading designer and developer of tactical, operator-worn communication systems for the dismounted soldier in contested environments. The Vancouver, WA-based company supplies its proprietary DOCKTM products to the U.S. Department of Defense and allied nations across the globe.
Bochi Investments LLC (“Bochi”) is a private investment firm based in Lake Oswego, Oregon, and Salt Lake City, Utah. The firm specializes in buyouts and growth equity investments, targeting opportunities in the Western United States.
Following the investment from Bochi, Kägwerks subsequently announced it has entered into a binding agreement to be acquired by Codan Group (“Codan”) (ASX:CDA) where it will expand Codan’s portfolio of technology solutions in its Tactical Communications business unit.
Niko Hughes, President of Kägwerks, shared “Meridian provided excellent guidance throughout the transaction. Meridian’s deep understanding of the defense market allowed us to move quickly and find a strongly aligned partner to help our Company continue to execute on our growth plan.”
Aaron Franzheim, Director at Meridian, stated “The Kägwerks team has developed cutting-edge communication technology for the warfighter with tremendous market applications. We are honored to have had the opportunity to support the Company on this key milestone and excited to see the continued growth of the business. The transaction highlights the ongoing strength of investor interest in differentiated technologies supporting the defense market.”
Meridian served as the exclusive financial advisor to Kägwerks on the investment from Bochi.
For additional information, please contact one of the members of the transaction team:
Aaron Franzheim
Director
afranzheim@meridianib.com
(206) 582-3890
Greg Ryan
Associate
gryan@meridianib.com
(206) 278-1734
For more information, please contact:
About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
