Founded in 1995, OmniTech designs, manufactures, markets and distributes electro-optic equipment to the government, military and law enforcement markets. The Company’s products include specialized mono-spectral and multi-spectral night vision and surveillance systems. These products enable government agencies and militaries to conduct covert intelligence, surveillance and reconnaissance missions and battlefield operations more effectively.
The Company’s revenue and EBITDA have grown significantly over the past several years primarily driven by the Company’s ability to obtain larger key contracts. Management felt this growth could best be accelerated by partnering with a firm that possesses strategic synergy and capacity to help achieve their targeted growth.
FLIR Systems Inc. President and CEO Earl Lewis stated, "With low cost, increasing brand awareness, and a diversified revenue base and growing product lines, the Company is executing its strategy effectively and is well positioned for future growth. I am delighted to welcome the talented people at OmniTech to the FLIR team."
FLIR Systems Inc. is a world leader in thermal imaging systems and operates in three divisions including Thermography, Commercial Vision Systems and Government Systems.
Strategic Advisors is an investment banking firm that provides merger and acquisition, corporate finance and strategic advisory services to business owners. Since 2002, Strategic Advisors has served as the primary M&A and/or corporate finance advisor on over 350 transactions totaling over $6.5 billion.
Strategic Advisors 2, LLC
117 VIP Drive, Suite 220
Wexford, PA 15090
www.strategicad.com
Securities transactions are conducted hroughStillPoint Capital, Member FINRA/SIPC, Tampa, FL