TTM Technologies Acquires Telephonics Corporation from Griffon
June 27, 2022
TTM Technologies completed the acquisition of Telephonics Corporation from Griffon Corporation for $330 million in cash (subject to post-closing adjustments). The deal transfers Griffon’s long‑time avionics and RF business to TTM to expand its aerospace and defense capabilities; Lazard advised Griffon and J.P. Morgan advised TTM on the transaction.
- Buyers
- TTM Technologies, Inc.
- Targets
- Telephonics Corporation
- Sellers
- Griffon Corporation
- Industry
- Aerospace & Defense
- Location
- New York, United States
- Transaction Type
- Divestiture
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