Add-on Acquisition • Defense

Mercury Acquires Physical Optics

On December 7, 2020, Mercury acquired defense company Physical Optics

Acquisition Context
  • This is Mercury’s 2nd transaction in the Defense sector.
  • This is Mercury’s 13th transaction in the United States.
  • This is Mercury’s 4th transaction in California.

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M&A Deal Summary

Date December 7, 2020
Target Physical Optics
Sector Defense
Buyer(s) Mercury
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 1

Buyer

Mercury

Andover, Massachusetts, United States

Category Company
Founded 1981
Sector Electronics
Employees2,364
Revenue 835M USD (2024)
DESCRIPTION

Mercury is a high-tech commercial provider of secure and sensor processing subsystems that power critical defense and intelligence applications. Mercury was formed in 1981 and is based in Andover, Massachusetts.


Deal Context for Buyer #
Overall 14 of 17
Sector: Defense 2 of 2
Type: Add-on Acquisition 12 of 15
State: California 4 of 4
Country: United States 13 of 16
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 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.

Buy $100M
FOLLOWING 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