M&A Deal Summary

Goodrich Acquires Atlantic Inertial Systems

On December 21, 2009, Goodrich acquired electronics company Atlantic Inertial Systems from J.F. Lehman & Company for 375M USD

Acquisition Highlights
  • This is Goodrich’s 1st transaction in the Electronics sector.
  • This is Goodrich’s 2nd largest (disclosed) transaction.
  • This is Goodrich’s 4th transaction in the United States.
  • This is Goodrich’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2009-12-21
Target Atlantic Inertial Systems
Sector Electronics
Buyer(s) Goodrich
Sellers(s) J.F. Lehman & Company
Deal Type Add-on Acquisition
Deal Value 375M USD

Target

Atlantic Inertial Systems

Cheshire, Connecticut, United States
Atlantic Inertial Systems is a niche supplier of highly-engineered guidance, stabilization and navigation products and systems for aircraft, weapons and land systems applications.

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Buyer(S) 1

Buyer

Goodrich

Charlotte, North Carolina, United States

Category Company
Founded 1870
Sector Aerospace
Revenue 7.0B USD (2010)
DESCRIPTION

Goodrich Corp. is an American aerospace manufacturing company based in Charlotte, North Carolina.


DEAL STATS #
Overall 4 of 5
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Connecticut) 1 of 1
Country (United States) 4 of 4
Year (2009) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 TEAC Aerospace Technologies

Brea, California, United States

TEAC Aerospace Technologies is a supplier of airborne video and data recording products as well as debriefing systems to the defense industry. TEAC is also a key provider of distributed in-flight entertainment systems to the commercial airline industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Microtecnica S.r.l

Turin, Italy

Microtecnica is the technology leader and design authority for a range of flight critical aerospace components and sub-systems, primarily involved in flight actuation. The company has a well balanced portfolio of civil and military programmes and is significantly diversified both by aerospace platform and by customer base.

Buy €330M

Seller(S) 1

SELLER

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.


DEAL STATS #
Overall 10 of 27
Sector (Electronics) 1 of 2
Type (Add-on Acquisition) 4 of 11
State (Connecticut) 1 of 1
Country (United States) 9 of 26
Year (2009) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-30 Defense Venture Group

Indian Land, South Carolina, United States

Defense Venture Group is a designer and manufacturer of innovative force protection systems and products. DVG is a holding company with two principal operating businesses: (i) Indigen Armor, which designs and manufactures low-profile, purpose-built armored vehicles and (ii) ArmorLine, which develops and manufactures force protection products, including armored vehicle extraction devices and transparent ceramic Spinel. Defense Venture Group was founded in 2004 and is based in Indian Land, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-10 Oao Technology Solutions

Greenbelt, Maryland, United States

Oao Technology Solutions, Inc. is a information technology ('IT') outsourcer to classified government customers and is a global provider of IT outsourcing services including applications management, data center operations and professional staffing services for commercial and government customers.

Sell -