M&A Deal Summary

Mercury Acquires American Panel

On July 30, 2019, Mercury acquired electronics company American Panel for 100M USD

Acquisition Highlights
  • This is Mercury’s 1st transaction in the Electronics sector.
  • This is Mercury’s 4th largest (disclosed) transaction.
  • This is Mercury’s 12th transaction in the United States.
  • This is Mercury’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2019-07-30
Target American Panel
Sector Electronics
Buyer(s) Mercury
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

American Panel

Alpharetta, Georgia, United States
American Panel Corporation specializes in display products for military vehicles (vetronics) and military & commercial aircraft (avionics). American Panel Corp. has delivered over 120,000 displays that are currently installed on military vehicles and aircraft worldwide. In order to fully meet the demanding environmental and optical requirements of these applications, without making critical trade-offs in performance, APC designs and develops highly specialized Active Matrix Liquid Crystal Displays (AMLCD) that are used in our display head assemblies (DHA). Each and every characteristic of the AMLCD, including resolution, color depth, color saturation, display technology, and mechanical packaging, is engineered by APC to deliver unparalleled performance in these applications.

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Buyer(S) 1

Buyer

Mercury

Andover, Massachusetts, United States
Category Company
Founded 1981
Sector Electronics
Employees2,596
Revenue 974M USD (2023)
DESCRIPTION

Mercury is a high-tech commercial provider of secure and sensor processing subsystems that power critical defense and intelligence applications. Mercury's products and solutions have been deployed in more than 300 programs with over 25 different defense prime contractors. Key programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35 and Reaper. Mercury's organizational structure allows it to deliver capabilities that combine technology building blocks and deep domain expertise in the defense sector. Mercury was formed in 1981 and is based in Andover, Massachusetts.

DEAL STATS #
Overall 13 of 17
Sector (Electronics) 1 of 2
Type (Add-on Acquisition) 11 of 15
State (Georgia) 2 of 3
Country (United States) 12 of 16
Year (2019) 1 of 1
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Themis Computer

Fremont, California, United States

Themis Computer, Inc. is a designer, manufacturer and integrator of commercial, SWaP-optimized rugged servers, computers and storage systems for U.S. and international defense programs. Themis builds environmentally resilient computing solutions that integrate the latest commercial technologies and minimize size, weight and power (SWaP) for mission critical applications.

Buy $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Physical Optics

Torrance, California, United States

Physical Optics Corp. is a designer, developer, and integrator of advanced technologies primarily focused on avionics & mission subsystems for defense applications. Physical Optics is based in Torrance, California.

Buy -
Mergr

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