M&A Deal Summary

Curtiss-Wright Acquires Pacific Star Communications

On September 24, 2020, Curtiss-Wright acquired technology hardware company Pacific Star Communications from Endeavour Capital for 400M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 6th transaction in the Technology Hardware sector.
  • This is Curtiss-Wright’s largest (disclosed) transaction.
  • This is Curtiss-Wright’s 40th transaction in the United States.
  • This is Curtiss-Wright’s 2nd transaction in Oregon.

M&A Deal Summary

Date 2020-09-24
Target Pacific Star Communications
Sector Technology Hardware
Buyer(s) Curtiss-Wright
Sellers(s) Endeavour Capital
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

Pacific Star Communications

Portland, Oregon, United States
website
Pacific Star Communications, Inc. (PacStar) is a manufacturer of advanced communications equipment based on industry major commercial off the shelf (COTS) technology. PacStar is also the creator of its patented IQ-Core Software which makes complex communications systems management, including cyber-security software and hardware, intuitive and easy-to-use. Pacific Star Communications was founded in 2000 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Curtiss-Wright

Davidson, North Carolina, United States

website


Category Company
Founded 1929
Sector Diversified
Employees8,100
Revenue 2.6B USD (2022)
DESCRIPTION

Curtiss-Wright is a global company that delivers highly engineered, critical function products and services to the commercial, defense, energy, and industrial markets. Curtiss-Wright operates through three segments: Commercial/Industrial, Defense, and Energy. The Commercial segment offers products/services that include surface technology services such as shot peening, laser peening, coatings and advanced surface analytics; industrial products such as electronic throttle control devices and transmission shifters; electro-mechanical actuation control components, and utility systems used on aircraft. The Defense segment produces embedded computing board level modules, integrated subsystems, turret aiming and stabilization products, and weapons handling systems. The Energy segment produces a wide range of hardware, pumps, valves, pressure vessels, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing technologies for nuclear power plants and nuclear equipment manufacturers. Curtiss-Wright was incorporated in 1929 and is based in Davidson, North Carolina.


DEAL STATS #
Overall 56 of 58
Sector (Technology Hardware) 6 of 6
Type (Add-on Acquisition) 38 of 40
State (Oregon) 2 of 2
Country (United States) 40 of 40
Year (2020) 2 of 2
Size (of disclosed) 1 of 46
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 Dyna-Flo Control Valve Services

Edmonton, Alberta, Canada

Dyna-Flo Control Valve Services Ltd. is a designer and manufacturer of linear and rotary control valves, isolation valves, actuators, and level and pressure control systems for the chemical, petrochemical, and oil and gas markets. The company's core product offering addresses the majority of control valve applications with designs ranging from compact low profile to heavy-duty severe service. The complete range of valves have both on/off and throttle control for gas or fluid service and meet the critical industry standards of NACE and ASME B16.34 compliance. Control valves are an integral part of the pressure relief system design, where Curtiss-Wright enjoys a leadership position.

Buy CA$81M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-21 Safran Aerosystems Arresting

Paris, France

Safran Aerosystems Arresting is a designer and manufacturer of aircraft emergency arresting systems with more than 5,000 systems worldwide and currently sells into more than 70 countries. Safran Aerosystems Arresting is based in Paris, France.

Buy $240M

Seller(S) 1

SELLER

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$100 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.


DEAL STATS #
Overall 22 of 30
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 10 of 13
State (Oregon) 5 of 7
Country (United States) 22 of 29
Year (2020) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 Access Scientific

San Diego, California, United States

Access Scientific LLC is a broad-spectrum vascular access and infection prevention company that manufactures the POWERWAND™ midline and extended dwell catheters. The POWERWAND, POWERWAND EDC and CVC WAND™ enable clinicians to perform the fastest, safest, and simplest insertion methods in order to deliver the undisputed, best in class products. Access Scientific is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Wineshipping

Napa, California, United States

Wineshipping offers direct-to-consumer logistics and e-commerce fulfillment solutions through a bi-coastal network of fulfillment centers. Wineshipping provides wineries and traditional and online retailers of wine a platform for direct-to-consumer wine delivery. Wineshipping is the largest direct-to-consumer shipper of wine in North America, with fulfillment centers in Oregon, California, and New York.

Sell -