Mercury Systems Acquires Avalex Technologies Corporation
September 27, 2021
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).
- Buyers
- Mercury Systems, Inc.
- Targets
- Avalex Technologies Corporation
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Transaction Type
- Buyout
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