M&A Deal Summary

Mercury Acquires Avalex

On September 27, 2021, Mercury acquired electronics company Avalex

Acquisition Highlights
  • This is Mercury’s 2nd transaction in the Electronics sector.
  • This is Mercury’s 15th transaction in the United States.
  • This is Mercury’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-09-27
Target Avalex
Sector Electronics
Buyer(s) Mercury
Deal Type Add-on Acquisition

Target

Avalex

Gulf Breeze, Florida, United States
Avalex is a provider of mission-critical avionics, including rugged displays, integrated communications management systems, digital video recorders, and warning systems. Avalex was formed in 1992 and is based in Gulf Breeze, Florida.

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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 16 of 17
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 14 of 15
State (Florida) 1 of 1
Country (United States) 15 of 16
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Pentek

Upper Saddle River, New Jersey, United States

Pentek is a designer and manufacturer of ruggedized, high-performance, commercial off-the-shelf (“COTS”) software-defined radio and data acquisition boards, recording systems and subsystems for high-end commercial and defense applications. Pentek was founded in 1986 and is based in Upper Saddle River, New Jersey.

Buy $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Atlanta Micro

Peachtree Corners, Georgia, United States

Atlanta Micro is a designer and manufacturer of high-performance RF modules and components, including advanced monolithic microwave integrated circuits (MMICs) which are critical for high-speed data acquisition applications including electronic warfare, radar and weapons. Atlanta Micro was founded in 2011 and is based in Peachtree Corners, Georgia.

Buy -
Mergr

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