Ricardo plc completes the sale of Ricardo Defense Inc.
Jan 2, 2025 · Ricardo plc (Ricardo Group or the Group) today announces that it has completed the sale of Ricardo Defense to Proteus Enterprises LLC and Gladstone Investment Corporation. The disposal is part of Ricardo’s ongoing transformation programme to reposition its portfolio in line with the shift to environmental and energy-transition solutions .
Ricardo divests Ricardo Defense | 2024 | Press releases | News …
Dec 16, 2024 · Reflecting the current strong financial performance of Ricardo Defense, the Disposal is expected to be dilutive to the Group’s earnings per share in the near term, partly offset by earnings contribution from E3 Advisory.
Proteus Enterprises Acquires Ricardo Defense Inc., Leading …
1 day ago · WASHINGTON, Jan. 8, 2025 /PRNewswire/ -- Proteus Enterprises ("Proteus"), a Maryland-based Aerospace, Defense and Government Services holding company, today announced that it acquired Ricardo ...
Proteus Enterprises Acquires Ricardo Defense Inc., Leading …
1 day ago · News provided by Proteus Capital Solutions Jan 08, 2025, 06:00 ET. Share this article. Share ... About Ricardo Defense, Inc. Ricardo Defense, Inc., headquartered in Troy, Michigan, is an ...
Gladstone Investment Corporation Acquires the Ricardo Defense …
Jan 2, 2025 · MCLEAN, VA / ACCESSWIRE / January 2, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") is pleased to announce its acquisition of Ricardo Defense Systems, LLC and Ricardo Defense, Inc. (collectively, "RDI"), along with Proteus Enterprises LLC.Gladstone Investment provided equity and senior secured debt to …
Ricardo Plc announces sale of defense business for $85 million
Dec 16, 2024 · Ricardo Defense is being sold to Proteus and Gladstone for $85 million. This figure is adjusted post-closing on a cash-free, debt-free basis. This sale supports Ricardo’s five-year strategy, helping the company transition to a high-growth, high-margin, and less capital-intensive business.
Gladstone Investment Completes Ricardo Defense Purchase
6 days ago · Gladstone Investment has completed its acquisition of Ricardo Defense, adding the latter to its growing portfolio of businesses. The private equity fund said Thursday it funded the transaction ...
Gladstone Investment to Purchase DOD Contractor Ricardo Defense
Dec 20, 2024 · Gladstone Investment and Proteus Enterprises have signed a definitive agreement to acquire Michigan-based engineering services and systems integration provider Ricardo Defense. The transaction...
London Stock Exchange | London Stock Exchange
Dec 15, 2024 · Ricardo Defense provides both product and technical service solutions to complex integration challenges facing the U.S. Department of Defense and prime contractors.
Proteus Enterprises Acquires Ricardo Defense Inc., Leading …
1 day ago · Headquartered in Troy, MI, with operations in California, Texas, Alabama, and overseas, Ricardo is an industry leader working to develop engineering and product solutions for US Army vehicle and logistics programs.. Pierre Chao and Greg Bowie, Proteus co-founders, said, "The Ricardo Defense team has done a remarkable job providing innovative technical and product solutions for US Army and DoD ...
- Some results have been removed