Lynx Software Technologies Acquires Core Avionics & Industrial (CoreAVI)

Mercury Systems Acquires Avalex Technologies Corporation

September 27, 2021

Aerospace & Defense

Mercury Systems, Inc. signed a definitive agreement to acquire Avalex Technologies Corporation, a Gulf Breeze, Florida-based provider of mission-critical avionics (rugged displays, communications management, digital video recorders, and warning systems). The all-cash asset purchase (subject to customary adjustments) is expected to be funded with cash on hand and the company's revolving credit facility; Avalex generated approximately $40 million of revenue for the year ended December 31, 2022 with ~25% adjusted EBITDA margins and the deal was expected to close in Mercury's fiscal Q2 2022 (subject to HSR clearance).

uAvionix Corporation Acquires Iris Automation

October 24, 2023

Aerospace & Defense

uAvionix Corporation has acquired Iris Automation, combining uAvionix's communications, navigation and surveillance (CNS) capabilities with Iris Automation's computer vision-based Detect and Avoid (DAA) systems. The deal strengthens uAvionix's ability to offer a multi-layered safety architecture for crewed and uncrewed aircraft and includes a leadership change with Jon Damush (former Iris CEO) named CEO of uAvionix.

Lynx Software Technologies Acquires Thompson Software Solutions

January 10, 2024

Aerospace & Defense

Lynx Software Technologies has acquired Thompson Software Solutions (TSS), a provider of mission‑critical software development, engineering, and integration services for aerospace and defense and commercial space customers. The deal strengthens Lynx’s capabilities across avionics, embedded software, DevSecOps, cybersecurity, and managed/professional services; TSS leadership has taken senior roles within Lynx following close.

Arcline Investment Management Acquires CoreDux from Silverfleet Capital

January 4, 2022

Manufacturing

Arcline Investment Management, a growth-oriented private equity firm, has agreed to acquire CoreDux, a Netherlands-based vertically integrated manufacturer of ultra-high purity flexible gas and fluid conveyance components and systems, from Silverfleet Capital. The deal, subject to customary regulatory approvals and work-council consultations, positions CoreDux to pursue its next phase of growth serving semiconductor, aerospace and clean mobility end markets.

OceanSound Partners Makes Strategic Investment in Lynx Software Technologies

June 23, 2022

Software

Lynx Software Technologies, a San Jose-based developer of open-architecture software for mission-critical embedded systems, received a strategic investment from affiliates of OceanSound Partners. The investment will support Lynx's growth, operational improvements, and pursuit of strategic acquisitions to expand its presence across aerospace, defense, industrial, and critical infrastructure end markets.

Latécoère Acquires Avcorp Industries Inc.

May 5, 2022

Aerospace & Defense

Latécoère has agreed to acquire all outstanding common shares of Avcorp Industries Inc. for approximately CAD$41 million, strengthening its Aerostructures business by adding wing sub-assemblies, large-scale composite capabilities and North American manufacturing footprint. The acquisition increases Latécoère's exposure to North American defence and commercial aircraft platforms (including the B737 Max and F-35) and is expected to close in 2022 subject to customary approvals.