29
Second Quarter 2013
Announced M&A Transactions
(Aerospace)
Announced
Closed
Closed
May 29, 2013
June 6, 2013
June 10, 2013
Notes
Notes
Notes
Astronics Corporation entered into
a definitive agreement to acquire
the outstanding shares of PECO
for $136.0 million in cash. PECO
specializes in Passenger Service
Units which manage air handling,
emergency oxygen, electrical
power management, and cabin
lighting systems. Astronics
management believes it will benefit
from the strong relationships PECO
has with its aerospace customers.
MB Aerospace acquired the aero-
engine component manufacturing
business of Delta Industries. The
multi-million dollar deal will expand
MB Aerospace’s projected
revenues to more than $160.0
million for the 2013 fiscal year. The
acquisition follows a secondary
Management Buy Out in March led
by MB Aerospace’s Chief
Executive Craig Gallagher.
South African aerospace and
defense firm Paramount Group
acquired Advanced Technology
and Engineering (ATE). ATE
specializes in avionics, sensor
systems and unmanned aircraft
systems technology. The deal will
improve Paramount’s
manufacturing and technology
capabilities, allowing it to take
advantage of increased foreign
investment. With this transaction,
Paramount saved ATE from
liquidation.
will acquire
has acquired
has acquired
Source: Capital IQ and InfoBase as of 06/28/13
