Versa's Allen-Vanguard Sells 2 Biz Units To Safariland

Law360, New York (September 23, 2013, 5:28 PM EDT) -- The private equity-owned defense contractor Allen-Vanguard has sold two of its business units to Safariland Group for an undisclosed price, the company said on Monday.

Allen-Vanguard, which is owned by Versa Capital Management LLC, said it had sold its explosive ordnance disposal unit and its so-called crew survivability business in an all-cash transaction to Safariland, which manufactures body armor and other gear for law enforcement agencies.

The explosive ordnance disposal unit includes bomb suits and bomb disposal robots and the crew survivability unit manufactures blast attenuation...
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