EagleFirst is pleased to announce that it provided M&A support services to KD Analytical (“KD”), a leader in the training and support of CBRNE detection equipment, in the sale of the company to Federal Resources Supply Company (“FRSC”), a leading government contracting company.
The acquisition of KD significantly expands upon FRSC’s current success in providing high-quality, cost-effective total life-cycle solutions for its customers in first response and special mission operations of Department of Defense, state and local agencies, first responders, navy fleet and commercial marine organizations. The addition of KD builds upon FRCS’s mission to increase market penetration and provide its customers with complete life-cycle sustainment solutions. As a result of the transaction, FRSC will be able to leverage KD’s expertise in critical infrastructure protection and environmental analysis, which greatly advances FRSC’s capability to serve these complementary markets.
Barry Fishel provided CFO services to KD, working in concert with Steve Ellis, who led the divestment process. “We are honored that the owners of KD entrusted EagleFirst with this important process, focusing initially on strengthening the company’s financials and then leading the transaction to provide a successful exit for the owners” commented Steve Ellis. Rick Thomas added “We are very pleased with the outcome for all parties. It truly is an exciting opportunity for KD; FRSC is the ideal partner to accelerate the company’s continued growth.”