Sleeping Bear Capital completed the sale of Edge Autonomy, a leading UAV technology provider, to Redwire Corporation for over $1.14 billion, marking SBC's first billion-dollar exit.

Target Company Overview

Edge Autonomy is a prominent provider of unmanned aerial vehicle (UAV) system technology, known for its innovative autonomous systems and resilient energy solutions. The company primarily serves the U.S. Department of Defense, U.S. Federal Civilian Agencies, and allied governments globally. With a firm commitment to delivering advanced technological solutions, Edge Autonomy has positioned itself as a leader in the UAV market.

Recently, the company was successfully sold by Sleeping Bear Capital (SBC) to Redwire Corporation, a significant transaction that underscores Edge Autonomy's value and potential in the high-demand defense sector. The deal marked SBC’s first billion-dollar exit, highlighting the firm's strategic acumen in identifying and nurturing high-growth investment opportunities.

Industry Overview

The UAV and defense technology industry in the United States has experienced robust growth driven by increasing defense budgets and a growing emphasis on advanced autonomous systems. With modern