June 08, 2026|Corporate
Buchalter recently represented Exquadrum in its sale to Mach Industries, a strategic transaction valued at $50 million in cash and equity. As reported by The Wall Street Journal, the deal reflects shifting dynamics within the U.S. defense sector, where venture-backed startups are increasingly acquiring established technologies to accelerate innovation in critical areas such as hypersonics, aerospace, and advanced weapons systems.
Through the acquisition, Mach gains access to more than two decades of Exquadrum’s technical development in propulsion systems and hypersonic technologies, including intellectual property, key business lines, facilities, and its workforce. The transaction also positions Mach to advance defense initiatives tied to next-generation national security priorities, including work related to missile defense systems and hypersonic weapons development. The deal underscores the increasing role of well-capitalized, venture-backed companies in shaping the future of defense technology and scaling innovation more rapidly than traditional contractors.
The Buchalter team was led by Tom O’Connell, Bob Stemler, Rachel Fong, and Brendan Fisher, with additional support from Joe Fletcher, Akana Ma, Jennifer Misetich, and Peggy Hosking.
Read additional coverage of this case here, as covered by The Wall Street Journal.
