M&A Deal Summary

TTM Technologies Acquires Telephonics

On April 18, 2022, TTM Technologies acquired technology hardware company Telephonics from Griffon for 330M USD

Acquisition Highlights
  • This is TTM Technologies’ 3rd transaction in the Technology Hardware sector.
  • This is TTM Technologies’ 4th largest (disclosed) transaction.
  • This is TTM Technologies’ 6th transaction in the United States.
  • This is TTM Technologies’ 2nd transaction in New York.

M&A Deal Summary

Date 2022-04-18
Target Telephonics
Sector Technology Hardware
Buyer(s) TTM Technologies
Sellers(s) Griffon
Deal Type Divestiture
Deal Value 330M USD

Target

Telephonics

Farmingdale, New York, United States
website
Telephonics provides fully integrated, advanced sensor and communication systems technology serving Aerospace, Defense and Commercial markets. Whether it is in the air, on the sea, or on the ground, our electronic systems are on board to ensure the safety and security of thousands of military personnel and civilians worldwide. Telephonics is based in Farmingdale, New York.

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Buyer(S) 1

Buyer

TTM Technologies

Santa Ana, California, United States

website


Category Company
Founded 1978
Sector Semiconductors
Employees16,700
Revenue 2.5B USD (2022)
DESCRIPTION
TTM Technologies' corporate headquarters in Costa Mesa, California.
TTM Technologies' corporate headquarters in Costa Mesa, California.

TTM Technologies is a provider of time-critical and technologically complex printed circuit board products and backplane assemblies, which serves as the foundation of sophisticated electronic products. TTM Technologies was founded in 1978 and is based in Santa Ana, California.


DEAL STATS #
Overall 7 of 7
Sector (Technology Hardware) 3 of 3
Type (Divestiture) 5 of 5
State (New York) 2 of 2
Country (United States) 6 of 6
Year (2022) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-22 TTM Technologies - Mobility Business Unit

China

TTM Technologies, Inc. - Mobility Business Unit (Four China Manufacturing Plants) provides reducing exposure to the highly seasonal and cyclical cellular market, increasing mix of business to longer cycle markets with aerospace and defense remaining largest end market, expected improvement in overall margins, and cash proceeds which can be reinvested in the business or used to reduce debt.

Sell $550M

Seller(S) 1

SELLER

Griffon

New York, New York, United States

website


Category Company
Founded 1959
Sector Building Materials
Employees7,400
Revenue 2.8B USD (2022)
DESCRIPTION

Griffon is a diversified manufacturing firm. Its primary divisions include, Home and Building Products, Clopay Plastics Products, and Telephonics Corporation. Griffon was founded in 1959 and is based in New York, New York.


DEAL STATS #
Overall 3 of 3
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 3 of 3
State (New York) 2 of 2
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 System Engineering Group

New York, New York, United States

System Engineering Group provides sophisticated technical, physics-based analysis and engineering support to the U.S. Armed Services, specializing in characterizing and helping counter the effects of advanced threat missiles to U.S. defensive systems. SEG currently employs 110 highly-skilled personnel in Columbia, MD, two-thirds of which hold advanced degrees concentrated in the fields of aerospace, mechanical and electrical engineering, math, and physics.

Sell -