Aerospace & Defense Acquisitions in 2012
Showing 2 transactions.
-
August 13, 2012
- Buyer
- Wencor Group
- Target
- Soundair Aviation Services
- Seller
- Robert J. Klem, Soundair management team
- Industry
- Aerospace & Defense
- Location
- Washington, United States
- Type
- Buyout
Wencor Group has acquired Soundair Aviation Services, a Snohomish, Washington-based repair station and PMA manufacturer serving the global commercial airline industry. Terms were not disclosed; Alderman & Company Capital served as exclusive financial advisor to Soundair on the sale.
-
- Buyer
- TDG Acquisition Company, LLC, Six15 Technologies
- Target
- Tactical Display Group (TDG) of Vuzix Corporation
- Seller
- Vuzix Corporation
- Industry
- Aerospace & Defense
- Location
- New York, United States
- Type
- Divestiture
Vuzix Corporation sold its Tactical Display Group (TDG) assets to TDG Acquisition Company, LLC for $8.5 million in cash plus a potential $2.5 million earn-out. Approximately 35% of Vuzix’s manufacturing, engineering and sales personnel transferred to the buyer (to be based in the Rochester area), enabling Vuzix to focus on its consumer and commercial video eyewear business and to use proceeds to reduce indebtedness.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.