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Transaction

Deal Type

M&A

Deal Status

Closed

GCA Advises Skyward on Its Sale to Verizon

We are pleased to announce that our client, Skyward, a leading drone operations management company, has been acquired by Verizon.

Skyward provides software that helps companies manage drone operations, improve safety and lower operating costs through a single source technology that integrates, manages and wirelessly connects drone operations.

This transaction brings drone operations management to Verizon's Airborne LTE Operations (ALO) initiative, part of its broader IoT portfolio. With Skyward's technology, Verizon will streamline the management of drone operations through one platform designed to handle end-to-end activities such as mission planning, complex workflow, FAA compliance support, supplying information about restricted airspace and pilot credentialing, drone regulation and provisioning rate plans for drones on Verizon's network.

GCA acted as exclusive financial advisor to Skyward in connection with this transaction.

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