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  6. L-3 Communications Acquires Crestview Aerospace

M&A Deal Summary

L-3 Communications Acquires Crestview Aerospace

On May 24, 2006, L-3 Communications acquired aerospace company Crestview Aerospace for 135M USD

Acquisition Highlights
  • This is L-3 Communications’ 5th transaction in the Aerospace sector.
  • This is L-3 Communications’ 7th largest (disclosed) transaction.
  • This is L-3 Communications’ 13th transaction in the United States.
  • This is L-3 Communications’ 1st transaction in Florida.
Investment Fate
  • Crestview Aerospace was divested to a consortium of buyers in 2018 for 540M USD.

M&A Deal Summary
Date 2006-05-24
Target Crestview Aerospace
Sector Aerospace
Buyer(s) L-3 Communications
Deal Type Add-on Acquisition
Deal Value 135M USD

Target

Crestview Aerospace

Crestview, Florida, United States
Crestview Aerospace provides aircraft structures, major airframe assemblies and military aircraft modifications for leading prime contractors and original equipment manufacturers (OEMs). Crestview Aerospace was founded in 1964 and is based in Crestview, Florida.

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Buyer(S) 1

Buyer

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 15 of 45
Sector: Aerospace M&A 5 of 14
Type: Add-on Acquisition M&A Deals 12 of 37
State: Florida M&A 1 of 2
Country: United States M&A 13 of 36
Year: 2006 M&A 6 of 9
Size (of disclosed) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 SSG Precision Optronics

Wilmington, Massachusetts, United States

SSG Precision Optronics, Inc. is a designer and supplier of sophisticated optical systems for prime contractors that provide satellite and tactical systems for the military and government.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Nautronix Defence Group

New York, New York, United States

Nautronix Defence Group, a provider in mine warfare and anti-submarine warfare (ASW) systems and products

Buy $71M
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