Astronics - M&A Summary and Business Overview

AerospaceCompany

Astronics M&A Summary

Astronics has acquired 12 companies, including 3 in the last 5 years. A total of 5 acquisitions came from private equity firms.

Astronics’ largest acquisition to date was in 2017, when it acquired Telefonix for $104M. Astronics has acquired in 6 different US states, and 3 countries. The Company’s most targeted sectors include aerospace (45%) and test/measurement equipment (23%).

Astronics Business Overview

Where is Astronics headquartered?

Astronics is headquartered in East Aurora, New York.

What is Astronics’ revenue?

Astronics disclosed revenue of 535M USD for 2022 and 445M USD for 2021.

How many employees does Astronics have?

Astronics has 2,400 employees.

What sector is Astronics in?

Astronics is an aerospace company.

When was Astronics founded?

Astronics was founded in 1968 .

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

Astronics

Astronics Corp.

130 Commerce Way,
East Aurora, New York 14052
United States,
(716) 805-1599
www.astronics.com

Astronics designs and manufactures products for the aerospace and defense industries. Astronics was founded in 1968 and is based in East Aurora, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 9 - - - - - 9
vol $226M $226M
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
Diagnosys Test Systems Ltd. 2019-10-04 7M USD Add-on Acquisition
Dorset, United Kingdom · www.diagnosys.com
Freedom Communication Technologies, Inc. 2019-07-01 22M USD Add-on Acquisition
Kilgore, Texas · www.freedomcte.com
Telefonix, Inc. 2017-10-27 104M USD Add-on Acquisition
Waukegan, Illinois · www.telefonixinc.com
Custom Controls Concepts 2017-04-03 - Add-on Acquisition
Kent, Washington · www.custom-control.com
Armstrong Aerospace, Inc. 2015-01-14 52M USD Add-on Acquisition
Itasca, Illinois · www.armstrongaerospace.com
Astronics Test Systems, Inc. 2014-02-28 - Add-on Acquisition
Irvine, California · www.astronicstestsystems.com
PGA Electronic SA 2013-11-04 29M USD Add-on Acquisition
Montierchaume, France · www.pga-avionics.com
AeroSat Corp. 2013-10-01 12M USD Add-on Acquisition
Amherst, New Hampshire · www.aerosat.com
Peco, Inc. 2013-07-18 - Add-on Acquisition
Portland, Oregon · www.pecomanufacturing.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Peco, Inc.    - Omnex Control Systems, Inc. 2007-12-26 1
Portland, Oregon · www.pecomanufacturing.com Port Coquitlam, British Columbia

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 4 (44%) 81M (36%) - -
Test/Measurement Equipment 2 (22%) 29M (13%) - -
Communications 1 (11%) 12M (5%) - -
Electronics 1 (11%) - - -
Technology Hardware 1 (11%) 104M (46%) - -
Total 9 $226M - -

By Geo

State/Country Buy Value Sell Value
United States 7 190M - -
  Illinois 2 156M - -
  Washington 1 - - -
  Texas 1 22M - -
  Oregon 1 - - -
  New Hampshire 1 12M - -
  California 1 - - -
France 1 29M - -
United Kingdom 1 7M - -
Domestic 7 (78%) 190M (84%) - -
Cross-border 2 (22%) 36M (16%) - -
Total 9 $226M - -

Top M&A Advisors

Legal Deals
Hogan Lovells
 1

Deal Values

buy # Total
$100M to $1B 1 $104M
< $100M 5 $122M
TOTAL $226M
Largest Telefonix, Inc.
$104M (2017-10-27)

M&A Connections

Deals
Acquired from
Investor(s)
22%
2 (22%)

Company Summary

SECTOR

Aerospace

Revenue

535   21% 2022
445   12% 2021
503   35% 2020
773   4% 2019
803   29% 2018
624   2% 2017
633   9% 2016
692   5% 2015
661   95% 2014
339   28% 2013
266   2012
(millions of USD) Show More Show Less

Employees

2,400

Established

1968

Public

NASDAQ: ATRO

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