M&A Deal Summary

Com Dev International Acquires Pacific Wave Systems

On June 1, 2015, Com Dev International acquired technology hardware company Pacific Wave Systems from Levine Leichtman Capital Partners for 40M USD

Acquisition Highlights
  • This is Com Dev International’s 1st transaction in the Technology Hardware sector.
  • This is Com Dev International’s largest (disclosed) transaction.
  • This is Com Dev International’s 1st transaction in the United States.
  • This is Com Dev International’s 1st transaction in California.

M&A Deal Summary

Date 2015-06-01
Target Pacific Wave Systems
Sector Technology Hardware
Buyer(s) Com Dev International
Sellers(s) Levine Leichtman Capital Partners
Deal Type Add-on Acquisition
Deal Value 40M USD
Advisor(s) Morgan Lewis (Legal)

Target

Pacific Wave Systems

Garden Grove, California, United States
website
Pacific Wave Systems, Inc. manufacturer of waveguides for the global satellite industry.

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Buyer(S) 1

Buyer

Com Dev International

Cambridge, Ontario, Canada

website


Category Company
Founded 1974
Sector Electrical Equipment
Employees1,100
Revenue 221M USD (2024)
DESCRIPTION

COM DEV International Ltd. is a global designer and manufacturer of space hardware. We are world leaders in the production of space-qualified passive microwave equipment, specialized electronics and optical subsystems.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 COM DEV International - Satellite Equipment Business

United States

COM DEV International - Satellite Equipment Business is a satellite and space components provider.

Sell CA$455M

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 20 of 56
Sector (Technology Hardware) 3 of 3
Type (Add-on Acquisition) 8 of 16
State (California) 9 of 13
Country (United States) 20 of 51
Year (2015) 3 of 5
Size (of disclosed) 4 of 4
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Allied Aerofoam Products is a diversified foam fabricator of niche products across a wide array of end-markets and applications, including pet beds, packaging, specialty children’s furniture, and marine cushions. Allied Aerofoam Products was founded in 1988 and is based in Tampa, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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Magnolia Bluffs is an entertainment complex located adjacent to the Mississippi river in historic downtown Natchez, Mississippi.

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