Ultralife Divests RedBlack Communications to BCF Solutions

McLean, VA – November 6, 2012 – The McLean Group today announced that it acted as the exclusive mergers and acquisitions (M&A) advisor to Ultralife Corporation (NASDAQ:ULBI) in the sale of its RedBlack Communications (RedBlack) business unit to BCF Solutions, Inc. (BCF).

RedBlack is a Communications and Electronics (C&E) Systems Integration company providing a full range of engineering capabilities to include technical and logistical services for facilities, mobile platforms and portable systems. Headquartered in Patuxent River, MD, the Company’s main customers include the Department of Defense, US Special Operations Command, DHS, the White House Communications Agency, and the Department of State.

BCF is a leading professional services firm primarily providing acquisition and program management support and headquartered in Arlington, VA.

Chand Gupta, CEO of BCF stated, “RedBlack brings to BCF new Navy and Intelligence customers, with a facility in close proximity to the Naval Air Systems Command. RedBlack’s fixed security solutions complement our mobile/tactical solutions and its installation capabilities enable customers to one-stop shop for an end-to-end solution. Additionally, BCF’s existing line-of-sight experience will be bolstered by RedBlack’s satellite communications capabilities. The acquisition has more than doubled our manufacturing capacity, enabling BCF to better manage surges and compete for larger programs.”

“We are extremely pleased with the services provided by The McLean Group in identifying BCF Solutions as the ideal buyer of RedBlack,” said Philip A. Fain, CFO and Treasurer of Ultralife Corporation. “They helped us deploy and execute an expeditious but thorough deal flow process which benefited all parties involved.”

The McLean Group’s Aerospace, Defense & Government (ADG) practice advised on the transaction. This transaction adds to The McLean Group’s record of successful federal contracting advisory assignments.

ABOUT THE MCLEAN GROUP

The McLean Group is an investment bank providing mergers and acquisitions (M&A), business valuation and strategic consulting services to middle market businesses. Headquartered in Washington, DC’s technology, communications and government contracting corridor, it is among the largest independent middle market investment banks in the nation. The McLean Group serves domestic and international clients and has a broad resume of successfully consummated financial transactions.

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