Iten Defense, a Portfolio Company of Edgewater Capital Partners, Acquires Transparent Armor Solutions
CLEVELAND, OH – March 13, 2023 – Iten Defense, a provider of advanced composites and armor solutions, has completed the acquisition of Transparent Armor Solutions (“TAS” or the “Company”). The addition of TAS will expand Iten Defense’s solution offering to include transparent armor, complementing its current composite armor solutions for maritime vessels, fixed and rotary-wing aircrafts, and tactical vehicles.
TAS provides advanced transparent armor solutions primarily for ground vehicles, maritime applications, and personal protective shield viewports. The Company’s capabilities include design, development, and program management for various Department of Defense programs.
“TAS brings a complementary set of products to the Iten Defense platform, allowing Iten Defense to further partner with customers in solving their most challenging survivability applications. We are thrilled to welcome the TAS team into Iten Defense,” noted Peter Ostergard, Partner at Edgewater Capital Partners.
Lex Watson, CEO of Iten Defense, noted “Iten Defense and TAS have been closely collaborating over the last several years to support our maritime customers with complete survivability systems including both transparent and opaque armor, design, and integration support. Bringing TAS into the Iten Defense portfolio will allow us to grow and expand our offering to both ground vehicle and infrastructure markets.”
About Iten Defense
Iten Defense is a provider of advanced composites and armor solutions used in personal protective equipment, fixed and rotary-wing aircraft, tactical vehicles, and maritime vessels. Iten Defense’s extensive technical expertise and specialized knowledge in ballistic armor enables its customers to meet strict performance requirements for mission critical applications. Iten Defense is headquartered in Ashtabula, Ohio. For more information on Iten Defense, visit www.itendefense.com.
About Edgewater Capital Partners
Headquartered in Cleveland, Ohio, Edgewater Capital Partners is a sector-focused private equity firm investing in lower middle-market performance materials and services businesses. The firm has extensive experience in investing in the people, technology, and facilities to accelerate the growth trajectory of niche manufacturers of specialty chemicals, life sciences, advanced materials, and engineered components. Over twenty years of industry specific investing has allowed the firm to develop a deep understanding of the complexities and nuances common to these businesses. For more information on Edgewater Capital Partners, visit www.edgewatercapital.com.