M&A Deal Summary

L-3 Communications Acquires AverStar

On June 26, 2000, L-3 Communications acquired information technology company AverStar from CM Equity Partners

Acquisition Highlights
  • This is L-3 Communications’ 1st transaction in the Information Technology sector.
  • This is L-3 Communications’ 1st transaction in the United States.
  • This is L-3 Communications’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2000-06-26
Target AverStar
Sector Information Technology
Buyer(s) L-3 Communications
Sellers(s) CM Equity Partners
Deal Type Add-on Acquisition

Target

AverStar

Burlington, Massachusetts, United States
AverStar, Inc., a developer of Information Technology services and products focusing on mission-critical systems for Federal, state and commercial customers.

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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 1 of 45
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 37
State: Massachusetts M&A 1 of 7
Country: United States M&A 1 of 36
Year: 2000 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-03 Coleman Research

Arlington, Virginia, United States

Coleman Research Corp., provides a variety of services and products including intelligence and space instrumentation as well as communications and signal processing to military customers.

Buy $60M

Seller(S) 1

SELLER

CM Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CM Equity Partners is a private equity investment firm that primarily makes controlling investments in middle-market companies operating in the United States and Canada. CM will also selectively consider minority investments. Areas of interest include Federal Services, Aerospace, and Defense. CM Equity was formed in 1994 and is affiliated with the private family office and merchant bank Carl Marks & Co.


DEAL STATS #
Overall 1 of 7
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 4
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2000 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-21 Missota Paper Company

Chicago, Illinois, United States

Missota provided high quality, heavy and medium basis weight specialty papers.

Sell -