Columbia West Capital News - Industry Deal Intelligence
11.05.12 CWC Q3 2012 Aerospace & Defense M&A and Financing Report


This report is prepared as a courtesy to the Aerospace & Defense business community by Columbia West Capital based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to assure is included and credit attributed to appropriate advisors.   

M&A - Strategic

7/1/2012 Precision Castparts Corp. (NYSE:PCP) agreed to acquire Klune Industries, Inc. The terms of the transaction were not disclosed. Precision Castparts manufactures and sells metal components and products worldwide and is headquartered in Portland, Oregon. Klune Industries provides manufactured solutions for the aerospace and defense industries and is based in North Hollywood, California. 

7/2/2012 ITT Exelis Geospatial Systems acquired Space Computer Corporation. The terms of the transaction were not disclosed. ITT Exelis Geospatial Systems develops and supplies night vision, remote sensing, and navigation solutions and is based in Rochester, New York. Space Computer Corporation produces real time signal processing systems, software, and algorithms for exploitation of hyperspectral sensor data and is based in Los Angeles, California. 

7/17/2012 Precision Castparts Corp. (NYSE:PCP) executed a definitive agreement to acquire Aerostructure and Industrial Products Operations fromHeroux-Devtek Inc. (TSX:HRX) for $295.3 million in cash. Precision Castparts manufactures and sells metal components and products worldwide and is headquartered in Portland, Oregon. Heroux-Devtek Aerostructure and Industrial Products Operations comprises Aerostructure manufacturing sites in the United States and Canada. Bennett Jones LLP and Stoel Rives LLP are serving as legal advisors to Precision Castparts. Fasken Martineau DuMoulin LLP and Hogan Lovells US LLP are serving as legal advisors to Heroux-Devtek. 

7/20/2012 Tactical Air Defense Services, Inc. (OTCPK:TADF) signed an agreement to acquire AeroTech Corporation in stock. The terms of the transaction were not disclosed. Tactical Air Defense Services operates as a military flight training contractor and is based in Carson City, Nevada. AeroTech Corporation operates as an aerospace/defense services contractor and is based in West Palm Beach, Florida.  

7/20/2012 Fang Tieji acquired Glasair Aviation LLC. The terms of the transaction were not disclosed. Glasair Aviation manufactures kitplanes, aircraft, and sportplanes and is based in Arlington, Washington. 

7/26/2012 DCS Corporation acquired OptiMetrics, Inc. The terms of the transaction were not disclosed. DCS Corporation provides technology and management solutions to government agencies in the security sector and is headquartered in Alexandria, Virginia. OptiMetrics provides specialized research and engineering services and is based in Ann Arbor, Michigan. 

7/30/2012 GE Aviation Systems LLC acquired Austin Digital, Inc. The terms of the transaction were not disclosed. GE Aviation Systems manufactures and sells components for commercial, corporate, military, and marine aircraft and is based in Cincinnati, Ohio. Austin Digital develops flight operational quality assurance and flight data monitoring solutions for airlines and business jet operators and is based in Austin, Texas. 

7/31/2012 Astronics Corporation (NasdaqGS:ATRO) acquired Max-Viz, Inc.for $18.0 million in cash. Astronics Corporation designs and manufactures products for the aerospace and defense industries worldwide and is based in Aurora, New York. Max-Viz designs, develops, and manufactures enhanced vision systems for the civilian and military aviation industry and is based in Portland, Oregon. Hodgson Russ LLP served as legal advisor to Astronics. 

8/2/2012 HEICO Aerospace Holdings Corp. acquired 84% of the assets and assumed certain liabilities of CSI Aerospace, Inc. The terms of the transaction were not disclosed. HEICO Aerospace Holdings designs, manufactures, and distributes jet engine and aircraft component replacement parts and is based in Hollywood, Florida. CSI Aerospace provides maintenance, repair, and overhaul services of pitot tubes, pitot-static tubes, and total air temperature sensors and is based in Broken Arrow, Oklahoma. 

8/2/2012 Maersk Line, Limited acquired 3PSC LLC. The terms of the transactions were not disclosed. Maersk Line provides U.S. flag transportation, ship management, and maritime technical services and is headquartered in Norfolk, Virginia. 3PSC LLC operates and maintains the United States Navy's military sealift command oceanographic survey ships on contract and is based in Cape Canaveral, Florida. 

8/27/2012 General Dynamics Armament and Technical Products Inc.acquired defense operations from Gayston Corporation. General Dynamics Armament And Technical Products develops, produces, and supplies system solutions for military and commercial applications and is based in Charlotte, North Carolina. The Defense Operations of Gayston Corporation are comprised of a rocket motor tubes manufacturing facility located in Springboro, Ohio. 

9/6/2012 Van Wagner Aerial Media, LLC acquired American Blimp Corporation. The terms of the transaction were not disclosed. Van Wagner Aerial Media provides banner-towing and aerial advertising services and is based in Pembroke Pines, Florida. American Blimp Corporation manufactures airships and is headquartered in Hillsboro, Oregon. 

9/7/2012 Bea Maurer acquired a majority stake in Lindstrand USA, Inc. The terms of the transaction were not disclosed. Lindstrand USA designs and manufactures aerostats, airships, and high-tech inflatable structures for police, military, earth mapping, diamond hunting, mine detecting, and civilian applications and is based in South Boston, Virginia. 

9/13/2012 CoorsTek, Inc. acquired Advance Manufacturing Technologies Inc. The terms of the transaction were not disclosed. CoorsTek operates as a technical ceramics manufacturing company and is based in Golden, Colorado. Advance Manufacturing Technologies provides custom fabrication, welding, and machining services and is based in London, Canada. 

9/17/2012 TransDigm Inc. acquired Aero-Instruments Company, LLC fromThe Mifsud Group and others for approximately $35.0 million in cash. TransDigm engages in the design, production, and supply of aircraft components for use in commercial and military aircraft worldwide and is based in Cleveland, Ohio. Aero-Instruments Company designs and manufactures air data sensors for aircraft applications and is based in Cleveland, Ohio. 

9/20/2012 An unknown buyer acquired Quality Aircraft Accessories, Inc. The terms of the transaction were not disclosed. Quality Aircraft Accessories repairs, overhauls, and exchanges general aviation aircraft engine accessories and aircraft components and is based in Tulsa, Oklahoma.  

M&A - Financial  

9/6/2012 Cornerstone Capital Holdings, LLC acquired RSA Engineered Products, LLC. Cornerstone Capital Holdings is a private equity firm based in Los Angeles, California. RSA Engineered Products manufactures aerospace and defense equipment and is based in Simi Valley, California.