1. Redwire acquired Edge Autonomy for over $1.14 billion. 2. Edge Autonomy specializes in UAV technology for defense and government sectors. 3. SBC's sale marks its first billion-dollar exit, highlighting investment success. 4. The deal indicates strong growth potential for Redwire in the defense sector.
The acquisition adds valuable assets to Redwire's portfolio and enhances market position. Historical examples show that strategic acquisitions typically lead to positive stock performance.
The acquisition directly impacts Redwire’s strategic position in a growing market, enhancing future revenue.
The integration of Edge Autonomy’s technology could drive revenue growth and market expansion over time, similar to past acquisitions in tech and defense sectors.
SAN FRANCISCO--(BUSINESS WIRE)--Sleeping Bear Capital (“SBC”), a middle market-focused independent sponsor, today announced the successful sale of portfolio company Edge Autonomy, a leading provider of UAV system technology, to Redwire Corporation (NYSE: RDW) (“Redwire”). Edge Autonomy is a leader in providing autonomous systems and resilient energy solutions to the U.S. Department of Defense, U.S. Federal Civilian Agencies, and allied governments around the world.
The deal value totaled over $1.14 billion—marking SBC’s first billion-dollar exit and a major milestone in the firm’s investment track record.
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Sleeping Bear Capital previously sold its wholly owned portfolio company, Adaptive Energy, to Edge Autonomy and has maintained a board seat and minority equity stake since 2022. As of the closing stock price of $19.32 on June 12, 2025, the deal value totaled over $1.14 billion—marking SBC’s first billion-dollar exit and a major milestone in the firm’s investment track record. SBC acquired Adaptive Energy by spinning out the fuel cell technology business from Ultra Electronics Holdings in 2018.
“When we first invested in Adaptive Energy, we saw a best-in-class power solution for the most demanding defense and aerospace environments,” said Ranvir Gujral, Managing Partner of Sleeping Bear Capital. “We believed that combining Adaptive with Edge Autonomy’s unmanned systems platform could create something truly differentiated—and the outcome has exceeded even our highest expectations. This result is a credit to the leadership and engineering teams who executed relentlessly on a shared vision.”
About Sleeping Bear Capital
Sleeping Bear Capital is a private equity sponsor with a demonstrated track record in business unit spinouts and mid-market acquisitions. Founded by Ranvir Gujral in 2018, SBC has completed over 30 investments, ranging from angel and pre-seed investments to control transactions. For more information, please visit sleepingbearcap.com.