Secure America Acquisition Corporation is a blank check company organized under the laws of the State of Delaware. We were formed with the purpose of acquiring, or acquiring control of, through a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination, one or more domestic or international operating businesses, which we refer to as our initial business combination. Our efforts in identifying a prospective target business will be limited to the homeland security industry. We closed a $80 million IPO in November 2007.
We will seek to capitalize on the significant strength of our management team. Although the homeland security industry is relatively new, our executive officers have over 30 years of combined experience managing, investing and acquiring companies in the security industry and have prior blank check company experience. Secure America Acquisition Corporation is Messrs. McMillen and Weiss’ second blank check company focused on the homeland security industry. Messrs. McMillen and Weiss were also executive officers and directors of Fortress America Acquisition Corporation, a blank check company formed in December 2004, which consummated a business combination in January 2007, with each of VTC, L.L.C., doing business as “Total Site Solutions,” and Vortech, LLC, which are together referred to as TSS/Vortech. Mr. McMillen’s professional experience includes high-level positions in government, business and sports. Mr. Weiss has extensive professional and leadership experience in the information technology and homeland security marketplace.
We believe that the homeland security industry is among the fastest growing industries in the United States. According to the Civitas Group, a strategic advisory and investment services firm serving the homeland security market, the U.S. homeland security market was approximately $31 billion in 2006 and has a projected market size of $136 to $145 billion over the next five years. In addition, the global homeland security market, which was approximately $55 billion in 2006, is projected to exceed $170 billion by 2015, according to Homeland Security Research Corp., a homeland security market research firm. We believe that this anticipated growth should create attractive acquisition opportunities.
We are focused on a business combination in the U.S. homeland security industry, which we believe includes, among others, the following sectors:
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nuclear and radiological detection and prevention; |
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transportation security: ground, aviation and port and marine; |
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physical infrastructure security; |
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emergency and disaster preparedness and response; |
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bioterrorism prevention and detection; |
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counterterrorism and law enforcement; |
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domestic and foreign intelligence; and |
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other sectors impacted by homeland security issues or directives. |
We intend to strategically focus our efforts on four major phases encompassing domestic and global security threats: planning, prevention, response, and recovery. Although we may consider a target business in any segment of the homeland security industry, we currently intend to focus on companies with dual-use applications (i.e., companies with commercial private sector and homeland security applications) in the following segments:
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Planning: Companies that help prepare for a possible attack or disaster; |
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Prevention: Companies that help anticipate and take action to block attacks or avoid or mitigate the consequences of an attack or a disaster; |
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Response: Companies that help challenge attacks underway or cope with the immediate aftermath of an attack or a disaster; and |
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Recovery: Companies that help restore and reconstruct governments and private enterprises after an attack or a disaster. |
We have not prioritized among any segments and do not currently have a preference regarding the segment in which we would prefer to consummate a business combination. Although we may consider a target business outside of the United States as a result of the increased globalization of business and heightened security concerns abroad, we currently intend to concentrate our search of target businesses in the United States.
For more information, please view our
Prospectus.