Headwaters MB advised GPS Source, Inc. (“GPS Source” or the “Company”), a leading provider of position, navigation and timing (“PNT”) technologies for the commercial and military markets, on the sale of the company to General Dynamics (NYSE: GD). Terms of the transaction were not disclosed.
Based in Pueblo, Colorado, GPS Source is the market leader for a full line of GPS GLONASS (GNSS) signal distribution products, GPS retransmission products, and GPS signal design services. GPS Source’s equipment enables GPS signal availability in otherwise denied environments, including ground vehicles, aircraft, maintenance hangars, train tunnels, etc. The Company’s reputation has been earned with ruggedized, battle-proven equipment indispensable in assuring PNT for today’s soldier. The Company’s complete line of GPS retransmission related products includes antennas (active and passive), amplifiers (including low noise, high isolation), attenuators, filters, splitters and related accessories.
Founder and President Allen Gross commented, “Our multi-year relationship with Tom McConnell of the Headwaters Aerospace and Defense team, enabled us to be prepared and positioned to achieve an optimal outcome. The Headwaters team’s key industry insights coupled with strong negotiation skills enabled us to proceed with confidence and complete a transaction that exceeded expectations.”
Tom McConnell, Managing Director at Headwaters MB, commented, “We were delighted to have an opportunity to represent this visionary and innovative company in its acquisition by General Dynamics. In serving on GPSS Advisory Board for several years, we built a strong working relationship which served us well through the transaction process.” Tess Oxenstierna, Managing Director at Headwaters MB, added, “Overcoming navigation limitations in a GPS-denied environment is critical to the warfighter-so finding a strategic partner for GPSS in GDMS will bring solutions across a broad spectrum of platforms and C4ISR missions.”