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“I think that there’s a lot of upheaval across the world, as reflected in the recent situations in the Middle east, and the need for vehicle-mounted mine-detection devices is going to be with us unfortunately for years to come.”

Andrew Byrd, President of the Nashville, Tenn.-based private equity shop TVV Capital, on how he doesn’t think his firm’s portfolio company Critical Solutions International, which manufactures vehicles with landmine detection systems, will struggle despite the momentum behind defense spending cuts.