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M&A Deal Summary

Aerojet Rocketdyne Acquires Coleman Aerospace

On February 22, 2017, Aerojet Rocketdyne acquired aerospace company Coleman Aerospace from L-3 Communications for 15M USD

Acquisition Highlights
  • This is Aerojet Rocketdyne’s 2nd transaction in the Aerospace sector.
  • This is Aerojet Rocketdyne’s 2nd largest (disclosed) transaction.
  • This is Aerojet Rocketdyne’s 3rd transaction in the United States.
  • This is Aerojet Rocketdyne’s 1st transaction in Florida.

M&A Deal Summary
Date 2017-02-22
Target Coleman Aerospace
Sector Aerospace
Buyer(s) Aerojet Rocketdyne
Sellers(s) L-3 Communications
Deal Type Divestiture
Deal Value 15M USD

Target

Coleman Aerospace

Orlando, Florida, United States
Coleman Aerospace is a provider of systems engineering, ground, space and air launch services for the aerospace industry.

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Buyer(S) 1

Buyer

Aerojet Rocketdyne

El Segundo, California, United States
Category Company
Founded 1915
Sector Aerospace
Employees4,814
Revenue 2.2B USD (2021)
DESCRIPTION

Aerojet Rocketdyne is a technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale and leasing of the Company's excess real estate assets. Aerojet Rocketdyne was formed in 1915 and is based in Rancho Cordova, California.

DEAL STATS #
Overall 3 of 3
Sector: Aerospace M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
State: Florida M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2017 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-14 Pratt & Whitney Rocketdyne

Canoga Park, California, United States

Pratt & Whitney Rocketdyne, based in Canoga Park, designs and makes main engines for launch vehicles, missile defense systems and hypersonic engines.

Buy $550M

Seller(S) 1

SELLER

L-3 Communications

New York, New York, United States
Category Company
Founded 1997
Sector Technology Hardware
Employees38,000
Revenue 9.6B USD (2017)
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 9
Sector: Aerospace M&A 1 of 3
Type: Divestiture M&A Deals 5 of 8
State: Florida M&A 2 of 3
Country: United States M&A 5 of 8
Year: 2017 M&A 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 International Resources Group

Washington, District of Columbia, United States

International Resources Group Ltd. is a provider of specialized management, policy and training support to U.S. government agencies and international development organizations in the areas of energy, environment and natural resource management, relief and reconstruction, and economic development.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 OceanServer Technology

Fall River, Massachusetts, United States

OceanServer Technology, Inc. is a developer and manufacturer of autonomous, lightweight Unmanned Undersea Vehicles (UUVs). OceanServer Technology has established itself within a growing specialized market, providing highly capable UUVs to a wide array of military, commercial and international customers. OceanServer Technology was formed in 2003 and is based in Fall River, Massachusetts.

Buy -
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