Processing timeline
18
days
Acquirer(s)
Pozar Buyer LLC
Target(s) or Vendor(s)
Technology Service Corporation ABN - 74 617 767 307
Other parties
Blackstone Inc.
Blackstone, via its affiliate Pozar Buyer LLC, is acquiring all voting securities of Technology Service Corporation (TSC) through a share purchase agreement. TSC is a US-based engineering and manufacturing company specialising in defence technology, including precision weapons and radar, and provides aerial surveillance services to an Australian customer.
Pursuant to a Stock Purchase Agreement, by and among Pozar Buyer LLC (an affiliate of various funds advised and/or managed by affiliates of Blackstone Inc. ( Blackstone )), Technology Service Corporation ( TSC ), Technology Service Corporation Employee Stock Ownership Plan, and Brandon Wolfson, solely in his capacity as the seller representative, Blackstone intends to acquire all of the issued and outstanding voting securities of TSC. Blackstone is a US-based corporation, incorporated under the laws of Delaware, United States. Blackstone operates as an investment management firm, not as a conglomerate or holding company. Accordingly, each company in its investment portfolio is independently managed and financed and each has different investors (although the investors in different investment funds may overlap). Each Blackstone portfolio company has its own board of directors, which generally also include Blackstone representatives. TSC is a US-based engineering and manufacturing company specialising in technology that detects, defends, and defeats threats to personnel and strategic resources. TSC provides products related to precision weapons, intelligence surveillance and reconnaissance & electronic warfare, and radar & detection, as well as engineering consulting services. TSC provides aerial surveillance services to one Australian customer.