Aerospace, Defense & Government Contracting Q4 2019

Aerospace, Defense & Government Contracting Q4 2019

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Ontic Engineering and Manufacturing, Inc.
  • CVC Capital Partners Limited
  • $1,321.00
  • AIM Aerospace, Inc.
  • Sekisui America Corporation
  • $510.00
  • Arotech Corporation
  • Greenbriar Equity Group, L.P.
  • $106.77

 

Source S&P Capital IQ as of 1/10/2020 and PCE Proprietary Data

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Contacts

David Jasmund

Orlando Office

407-621-2111

Michael Poole

Orlando Office

407-621-2112

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. Shah, Agam, “Blockchain, 3-D Printing Combine to Make Aircraft Parts,” The Wall Street Journal, Nov. 26, 2019.
  2. “The Ultimate A-10 – ‘Warthog’ Set to be Transformed with a Raft of Upgrades,” Combat Aircraft, Sept. 5, 2019.
  3. “Report Says Boeing/Saab T-X Trainer Would Make an ideal Light Fighter,” Combat Aircraft, Sept. 9, 2019.
  4. Gordon, Michael, “U.S. Tests Missile After Withdrawing From 1987 Treaty,” The Wall Street Journal, Dec. 12, 2019.
  5. Gordon, Michael, “Lapse of Nuclear Treaty Throws Doubt on Future of Arms Control,” The Wall Street Journal, August 2, 2019.
  6. O’Brien, Rebecca, “Prosecutors Charge N.Y. Firm With Selling Banned Chinese Gear to U.S. Military,” The Wall Street Journal, Nov.8, 2019.
  7. Cameron, Doug, “Investors Approve UTC-Raytheon Merger,” The Wall Street Journal, Oct. 11, 2019.
  8. Chin, Kimberly, Tershak, Jennifer, “Leidos to Buy Dynetics for $1.65 Billion,” The Wall Street Journal, December 17, 2019.
  9. Insinna, Valerie, “May the Space Force be with you. Here’s what we know about the US military’s newest service,” Defense News, December 20, 2019.
  10. Henry, Caleb, “Ex-Im Bank gets seven-year extension,” Space News, December 21, 2019.
  11. Weisgerber, Marcus, “Small Contractors Struggle to Meet Cyber Security Standards, Pentagon Finds,” Defense One, December 2, 2019.
  12. Dutta, Aparajita, “Boeing's Suspension of 737 Max Production Rattles Suppliers,” Yahoo Finance, December 18, 2019.

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