FLIR Systems, Inc.’s $385 Million Acquisition of Endeavor Robotics Holdings, Inc.


Sheppard Mullin advised Endeavor Robotics Holdings, Inc. and Arlington Capital Partners (ACP) on the deal

FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has entered into a definitive agreement to acquire Endeavor Robotic Holdings, Inc., a leading developer of battle-tested, tactical unmanned ground vehicles (UGVs) for the global military, public safety, and critical infrastructure markets, from Arlington Capital Partners for $385 million in cash. Endeavor’s highly-mobile and easy to operate ground robots utilize advanced sensing and actuation in providing explosive ordnance disposal, reconnaissance, inspection, and hazardous materials support for troops, police, and industrial users at stand-off range. Along with the recent acquisition of Aeryon Labs, FLIR has significantly expanded its unmanned systems capabilities.

Based outside Boston and formerly known as iRobot Defense & Security, Endeavor has shipped more than 7,000 UGVs to customers in over 55 countries. Their robots have been deployed in numerous applications, including by police and SWAT teams, by first responders, and at nuclear power and industrial plants. Endeavor is one of the largest UGV providers to the United States (U.S.) Department of Defense (DoD), and a key supplier of unmanned systems for the accelerating modernization of global military and law enforcement operational assets. Having recently been awarded the U.S. Army’s Man Transportable Robotic System Increment II (MTRS Inc II) contract, Endeavor is a major participant in several programmatic opportunities with the U.S. DoD and its ally militaries worldwide.

Sheppard Mullin advised Endeavor Robotics Holdings, Inc. and Arlington Capital Partners (ACP) on the deal with a team including Luca Salvi (Picture) and Frank Bacelli and includes DC associates Cedric Powell, Jeff Bowling, John Peshtaz and Felicia Xu. Additional special assistance was provided by partners Keith Gercken, Keith Szeliga, David Gallacher, Jim Gatto, Carlo Van den Bosch, Michael Leake, Bob Magielnicki and Jon Meyer; special counsels Sean Kirby, Verity Rees and Malika Levarlet; and associates John Crisp and Fatema Merchant

Involved fees earner: Frank Bacelli – Sheppard Mullin; Jeffery Bowling – Sheppard Mullin; John Crisp – Sheppard Mullin; David Gallacher – Sheppard Mullin; James Gatto – Sheppard Mullin; Keith Gercken – Sheppard Mullin; Sean Kirby – Sheppard Mullin; Michael Leake – Sheppard Mullin; Malika Levarlet – Sheppard Mullin; Robert Magielnicki – Sheppard Mullin; Fatema Merchant – Sheppard Mullin; Jonathan Meyer – Sheppard Mullin; John Peshtaz – Sheppard Mullin; Cedric Powell – Sheppard Mullin; Verity Rees – Sheppard Mullin; Lucantonio Salvi – Sheppard Mullin; Keith Szeliga – Sheppard Mullin; Carlo Van den Bosch – Sheppard Mullin; Felicia Xu – Sheppard Mullin;

Law Firms: Sheppard Mullin;

Clients: Arlington Capital Partners LP; Endeavor Robotics Holdings, Inc.;

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Author: Ambrogio Visconti