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 – CLA Meridian Capital (“CLA Meridian Capital”), 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 “CLA Meridian Capital provided excellent guidance throughout the transaction. CLA Meridian Capital’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 CLA Meridian Capital, 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.”
CLA Meridian Capital 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 CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
