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24
As of 12/31/2016
24
Year in Review
2016
Textron
Inc.
completed
the
acquisition of Able Engineering &
Component Services, Inc. Founded in
1982, and based in Mesa, AZ, Able
Engineering’s
origins
are
in
processing
turbine
engine
components
for
OEMs.
The
Company expanded its business to
include FAA-approved parts, along
with repairs, overhauls, exchanges
and partnerships. In a December
2014 press release, Able Engineering
said that it had revenue of $70.0
million, with approximately 450
employees.
Closed
January 21, 2016
The Electronic Technologies Group
of HEICO Corp. completed its
acquisition of Robertson Fuel
Systems, LLC ("Robertson") from
affiliates of private equity firm
American Securities, LLC, for $255.0
million in cash at closing, subject to
typical post-closing adjustments.
Robertson is a leader in the design
and
production
of
mission-
extending,
crashworthy
and
ballistically self-sealing auxiliary fuel
systems for military rotorcraft.
Closed
January 12, 2016
Intel Corp. signed a definitive
agreement to acquire privately-held
Ascending Technologies GmbH, a
maker of auto-pilot software and
algorithms that enable drones to
detect and avoid obstacles to
prevent mishaps. Research is
ongoing in the areas of sensor data
processing and flight attitude
control. The purchase follows Intel's
investment of $60 million last August
into Shanghai-based drone and
aerospace
company
Yuneec
International Co. Financial terms of
the deal were not disclosed.
Announced
January 4, 2016
Notable M&A Transactions
Acquired
Acquired
Will acquire
Source: Public Filings, Industry Newswires
Electronic Technologies
Group