Private equity firm TJC is poised to exit wireless communications specialist Silvus Technologies in a deal reportedly worth $4.5bn, with Motorola Solutions in advanced negotiations to acquire the company, according to a report by Bloomberg.
The potential transaction, which could be announced within weeks, would mark a significant liquidity event for TJC, which has been exploring strategic options for Silvus including a possible IPO. The report cites unnamed sources familiar with the matter as cautioning though that a final agreement has not yet been reached.
Founded in 2004 and based in Los Angeles, Silvus Technologies develops advanced wireless communications systems for defence and mission-critical applications, including military and maritime operations. The company has benefitted from rising demand amid heightened geopolitical tensions and a global push to modernise military communications infrastructure.
TJC (formerly known as The Jordan Company) acquired Silvus during a period of increasing institutional interest in dual-use technologies – commercial innovations with military or defence applications.
For Motorola Solutions, a $70bn-listed provider of emergency communication equipment and software, the acquisition would bolster its growing portfolio of secure, resilient communications tools used by governments, first responders, and defence customers globally.
TJC and Silvus declined to comment on the potential transaction, while Motorola Solutions also did not respond to inquiries. If completed, the deal would represent one of the larger recent exits for a US middle-market PE firm in the defence tech space.
