M&A Deal Summary

Curtiss-Wright Acquires 901D

On November 26, 2019, Curtiss-Wright acquired defense company 901D from Graycliff Partners for 132M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 2nd transaction in the Defense sector.
  • This is Curtiss-Wright’s 5th largest (disclosed) transaction.
  • This is Curtiss-Wright’s 39th transaction in the United States.
  • This is Curtiss-Wright’s 2nd transaction in New York.

M&A Deal Summary
Date 2019-11-26
Target 901D
Sector Defense
Buyer(s) Curtiss-Wright
Sellers(s) Graycliff Partners
Deal Type Add-on Acquisition
Deal Value 132M USD

Target

901D

Airmont, New York, United States
901D LLC is a designer and manufacturer of mission-critical integrated electronic systems, subsystems and ruggedized shipboard enclosure solutions supporting every major U.S. Navy shipbuilding program. 901D is a critical supplier of ruggedized enclosure solutions from specification through certification and also provides proven design configurations to match customers’ exact form, fit and function requirements.

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Buyer(S) 1

Buyer

Curtiss-Wright

Davidson, North Carolina, United States
Category Company
Founded 1929
Sector Diversified
Employees8,600
Revenue 2.8B USD (2023)
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 founded in 1929 and is based in Davidson, North Carolina.

DEAL STATS #
Overall 54 of 59
Sector (Defense) 2 of 2
Type (Add-on Acquisition) 36 of 41
State (New York) 2 of 2
Country (United States) 39 of 41
Year (2019) 2 of 2
Size (of disclosed) 5 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Tactical Communications Group

Tewksbury, Massachusetts, United States

Tactical Communications Group LLC is a designer and manufacturer of tactical data link (TDL) software solutions for critical military communications systems. TCG’s software solutions provide a complete ecosystem for enhancing the value of deployed data link systems. These solutions allow platform integrators to validate their links, provide more valuable data services on their networks, and utilize comprehensive analytics, simulation, scripting, and visualization of the network data to drive effective training and situational awareness solutions. Tactical Communications Group LLC was founded in 2001 and is based in Tewksbury, Massachusetts.

Buy $50M
FOLLOWING 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

Seller(S) 1

SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 20 of 36
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 10 of 18
State (New York) 4 of 6
Country (United States) 17 of 33
Year (2019) 5 of 5
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 CSAT Solutions

Houston, Texas, United States

CSAT Solutions is a provider of fully-integrated electronic and digital device diagnostics and repair solutions. CSAT serves diverse end markets such as consumer electronics, industrial equipment and components, and medical devices and equipment. CSAT Solutions wounded in 1987 and headquartered in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 HarperLove

Charlotte, North Carolina, United States

HarperLove is a provider of performance additives, specialty adhesives, and wet-strength resins to the corrugated packaging industry. HarperLove was founded in 1978 and is based in Charlotte, North Carolina.

Sell -
Mergr

Product

Company

Legal