ST Engineering

ST Engineering, established in 1997, is one of Asia's largest defense and engineering groups, providing integrated solutions across various sectors. The company operates primarily in aircraft maintenance, repair, and overhaul services, where it stands as the world's largest independent third-party provider. ST Engineering is also expanding rapidly into smart city solutions, offering technologies such as tolling systems, traffic control solutions, command and control dashboards, and cybersecurity tools. With a strong global presence, the company serves both commercial and defense organizations in over 100 countries through a network of more than 100 subsidiaries and associated companies spread across 46 cities in the Americas, Asia, Europe, and the Middle East. Approximately two-thirds of its revenue is derived from commercial clients, while the remaining portion comes from defense-related contracts.

Jeffrey Lam

President

7 past transactions

TransCore

Acquisition in 2021
TransCore is a prominent player in the transportation sector, specializing in innovative technical solutions and engineering services. The company focuses on next-generation Open Road Tolling, traffic management systems, and Radio Frequency Identification (RFID) applications, which enhance access control for various sectors, including airports, hospitals, parking facilities, border security, trucking, and rail industries. Additionally, TransCore manages tolling customer service centers for transportation departments across the United States and the Middle East. The company’s offerings encompass electronic toll collection, intelligent transportation systems, and traveler information systems, catering to both government and private agencies. Headquartered in Nashville, Tennessee, TransCore operates as a wholly-owned subsidiary of Roper Technologies.

Newtec

Acquisition in 2019
Newtec is a Belgian company that specializes in designing, developing, and manufacturing equipment and technologies for satellite communications. Established in 1985, Newtec offers a range of products, including modems, satellite terminals, hubs, modulators, demodulators, redundancy switches, receivers, and multiservice broadcast terminals. These products are used across various sectors, including broadcast, government, defense, and enterprise VSAT services. With over 30 years of experience, Newtec focuses on creating efficient, scalable, and cost-effective solutions that address the evolving needs of its customers. The company's commitment to innovation and excellence enables it to contribute to a safer, more informed, and better-connected world. Newtec maintains regional offices and research and development centers in multiple locations, including the United States, Singapore, China, the UAE, Brazil, Germany, and France.

MRA Systems

Acquisition in 2018
MRA Systems, LLC, also known as Middle River Aircraft Systems, is engaged in the design, manufacture, and servicing of aerostructures and nacelle systems for both commercial and military aircraft. Founded in 1929 and headquartered in Baltimore, Maryland, the company specializes in producing jet engine thrust reversers, engine nacelle components, and complex aerostructures. MRA Systems caters to engine manufacturers, airplane manufacturers, and aircraft operators, providing not only custom systems made from various materials, including sheet metal and composites, but also technical support and spare parts services. As of April 2019, MRA Systems operates as a subsidiary of Vision Technologies Aerospace Incorporated.

Aethon

Acquisition in 2017
Aethon offers automated hospital delivery and asset management solutions. TUG®, Aethon's Automated Robotic Delivery System (ARD), can transport both scheduled and on-demand hospital deliveries between all ancillary, support and patient care units. Aethon's TUG provides a cost-effective and non-disruptive infrastructure for asset tracking, leveraging interference-free RFID technology to locate missing equipment throughout the hospital.

SP Telecommunications (SPTel)

Acquisition in 2017
Network infrastructure provider SP Telecom owns, builds and powers communications and infrastructure services in Singapore. Part of the Singapore Power Group, we run one of the most extensive networks in Singapore and deliver unprecedented reach, availability and service to our customers and partners. We aim to improve the way people, places and things connect with each other by providing the network infrastructure, by building ecosystems, and by enabling technologies. As a first step, we are focused on telecommunications carriers, data centres, retail service providers and enterprises. We work with partners and customers enabling them to deploy Next Gen infrastructure. Combining the agility and flexibility of a start-up with the strength, reliability and integrity of the Singapore Power Group of companies, SP Telecom brings customer focus and innovative solutions to the market.

VT iDirect

Acquisition in 2005
iDirect Technologies, Inc. provides satellite-based Internet protocol communications technology that offers connectivity for voice, video, and data applications. The company engages in providing private networks to remote offices; supporting mobile connectivity across land, sea, and air; providing rural telephony and Internet broadband; and maintaining communications in the disasters and network failures. It offers hubs, network accelerators, and remote satellite routers, as well as provides Network Management System, a suite of tools for monitoring, configuring, and controlling satellite networks from one central place. The company also offers iDS Software that integrates technology to maximize flexibility for traffic and bandwidth management; and iDX Software that enables broadband networks to have bandwidth efficiency, flexibility, and performance. iDirect Technologies serves oil and gas, maritime, retail, media entertainment, healthcare, financial, and educational industries, as well as carriers, corporations, and government. The company was founded in 1994 and is headquartered in Herndon, Virginia. It also has offices in Europe, Asia, the Middle East, Africa, and Latin America. As of November 18, 2005, iDirect Technologies, Inc. is a subsidiary of Vision Technologies Electronics, Inc.

Specialized Vehicles Corporation

Acquisition in 2005
Specialized Vehicles Corporation ( www.svcvehicles.com ) is the manufacturer of specialized truck bodies and trailers servicing multi-stop beverage and food service distributors. SVC’s products are designed to: (i) service multi-stop deliveries (ii) provide consistent temperature control capabilities for perishable goods and (iii) ensure easy loading/unloading of heavy goods. SVC’s products are marketed under the highly recognized Hackney and Kidron brand names and enjoy a premium reputation in the marketplace. Specifically, Hackney specializes in drop-frame, side-access, aluminum bodies for the beverage industry and Kidron designs and manufactures both multi-stop refrigerated truck bodies and trailers that are primarily used in the food service market. Major customers for Hackney and Kidron include companies such as Coca-Cola, Pepsi-Cola, Anheuser-Busch, Miller Brewing, Sysco, US Foodservice, Penske and Ryder.
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