L-3 Communications Mergers and Acquisitions Summary

Technology Hardware Company

L-3 Communications has acquired 47 companies, including 16 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 8 assets.

L-3 Communications’ largest acquisition to date was in 2005, when it acquired Titan for $3.7B. It’s largest disclosed sale occurred in 2018, when it sold Vertex Aerospace to American Industrial Partners for $540M. L-3 Communications has acquired in 19 different US states, and 4 countries. The Company’s most targeted sectors include aerospace (32%) and technology hardware (16%).

Join Mergr and gain access to L-3 Communications’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the technology hardware sector.

M&A Summary

  • M&A Total Activity53
    • M&A Buy Activity45
    • M&A Sell Activity8
  • Total Sectors Invested 14
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 26
  • M&A Advisors 3

L3 Technologies, Inc. (L-3 Communications)

600 Third Avenue,
New York, New York 10016
United States,
(212) 697-1111
www.l3t.com

L3 Technologies, Inc. is an american company that supplies command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products. L3 Technologies was founded in 1997 and is based in New York.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (2.4/yr) # 33 6 4 2 - - 45
vol $5.4B $580M $50M $6.0B
Sell (1.0/yr) # 3 1 2 1 - 1 8
vol $321M $15M $540M $876M
  53

Most Recent M&A

Company Date Value Type
EOTech, Inc. 2020-03-25 - Divestiture
Ann Arbor, Michigan · www.eotechinc.com
ASV Global, LLC 2018-09-24 - Add-on Acquisition
Broussard, Louisiana · www.asvglobal.com
Applied Defense Solutions, Inc. 2018-07-02 50M USD Add-on Acquisition
Columbia, Maryland · www.applieddefense.com
Vertex Aerospace Corp. 2018-05-01 540M USD Divestiture
Madison, Mississippi · www.vtxaero.com
Adaptive Methods, Inc. 2017-09-13 - Add-on Acquisition
Centreville, Virginia · www.adaptivemethods.com
Doss Aviation, Inc. 2017-09-12 - Add-on Acquisition
Colorado Springs, Colorado · www.dossaviation.com
Open Water Power, Inc. 2017-05-22 - Add-on Acquisition
Somerville, Massachusetts · www.openwaterpower.com
OceanServer Technology, Inc. 2017-03-17 - Add-on Acquisition
Fall River, Massachusetts · www.ocean-server.com
Coleman Aerospace 2017-02-22 15M USD Divestiture
Orlando, Florida · www.coleman-aerospace.com
International Resources Group Ltd. (IRG) 2017-01-09 - Divestiture
Washington, District of Columbia
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Implant Sciences Corp. 2016-10-10 Implant Sciences Corp. - Explosives Trace Detection Assets 2016-10-10 1
Wilmington, Massachusetts · www.implantsciences.com Wilmington, Massachusetts

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 14 (31%) 1.4B (23%) 2 (25%) 555M (63%)
Technology Hardware 7 (16%) 129M (2%) 1 (13%) -
Communications 5 (11%) 3.8B (62%) - -
Electrical Equipment 4 (9%) 251M (4%) 1 (13%) -
Defense 3 (7%) - 1 (13%) -
Electronics 2 (4%) - - -
Information Technology 2 (4%) 50M (1%) - -
Software 2 (4%) - - -
Business Services 1 (2%) - 1 (13%) -
Automotive 1 (2%) 345M (6%) - -
Education 1 (2%) - - -
Internet Software and Services 1 (2%) - - -
Marine 1 (2%) - - -
Test/Measurement Equipment 1 (2%) 118M (2%) - -
Energy Services and Equipment - - 1 (13%) 321M (37%)
Medical Products - - 1 (13%) -
Total 45 $6.0B 8 $876M

By Geo

State/Country Buy Value Sell Value
United States 36 5.3B 7 555M
  Massachusetts 7 445M - -
  Virginia 5 60M - -
  Maryland 3 50M 1 -
  Florida 2 135M 2 15M
  California 3 3.7B - -
  Texas 2 175M - -
  New York 2 112M - -
  New Hampshire 1 - 1 -
  Mississippi 1 650M 1 540M
  Michigan 1 - 1 -
  District of Columbia 1 - 1 -
  Tennessee 1 - - -
  Ohio 1 - - -
  Minnesota 1 - - -
  Louisiana 1 - - -
  Georgia 1 - - -
  Connecticut 1 11M - -
  Colorado 1 - - -
United Kingdom 5 695M - -
Germany 2 - 1 321M
Australia 2 - - -
Domestic 36 (80%) 5.3B (88%) 7 (88%) 555M (63%)
Cross-border 9 (20%) 695M (12%) 1 (13%) 321M (37%)
Total 45 $6.0B 8 $876M

Top M&A Advisors

Financial Deals
Moelis & Co.
1
The McLean Group
1
Legal Deals
Simpson Thacher & Bartlett LLP
1

Deal Values

buy # Total
> $1B 1 $3.7B
$100M to $1B 9 $2.1B
< $100M 5 $233M
TOTAL $6.0B
Largest Titan Corp.
$3.7B (2005-06-03)
sell # Total
$100M to $1B 2 $861M
< $100M 1 $15M
TOTAL $876M
Largest Vertex Aerospace Corp.
$540M (2018-05-01)

M&A Connections

Deals %
Acquired from
PE Firm(s)
56%
10 56%
Strategic(s)
44%
8 44%
Divested to
PE Firm(s)
38%
3 38%
Strategic(s)
63%
5 63%

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