M&A Deal Summary

Ultra Electronics Ocean Systems Acquires Harris Acoustic Products

On April 18, 2008, Ultra Electronics Ocean Systems acquired aerospace company Harris Acoustic Products from Channel Technologies Group for 7M USD

Acquisition Highlights
  • This is Ultra Electronics Ocean Systems’ 1st transaction in the Aerospace sector.
  • This is Ultra Electronics Ocean Systems’ largest (disclosed) transaction.
  • This is Ultra Electronics Ocean Systems’ 1st transaction in the United States.
  • This is Ultra Electronics Ocean Systems’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2008-04-18
Target Harris Acoustic Products
Sector Aerospace
Buyer(s) Ultra Electronics Ocean Systems
Sellers(s) Channel Technologies Group
Deal Type Divestiture
Deal Value 7M USD

Target

Harris Acoustic Products

East Walpole, Massachusetts, United States
Harris Acoustic Products Corp. is a designer and manufacturer of sonar projectors, hydrophones, and associated equipment for navy, OEM, and commercial customers.

Search 199,847 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Ultra Electronics Ocean Systems

Braintree, Massachusetts, United States

Category Company
Founded 2003
Sector Aerospace
DESCRIPTION

Ultra Electronics Ocean Systems, Inc. is a designer and manufacturer of undersea defense electronics equipment and systems to the U.S. Navy and DoD.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Channel Technologies Group

Santa Barbara, California, United States

Category Company
Founded 1959
Sector Manufacturing
Employees250
DESCRIPTION

Channel Technologies Group LLC was a manufacturer and engineer of piezoelectric ceramics and specialized products for a variety of applications and end-users, including medical device manufacturers, energy services companies, defense contractors, and the U.S. Navy. Channel Technologies Group was formed in 1959 and was based in Santa Barbara, California.


DEAL STATS #
Overall 1 of 2
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-11 CTG Advanced Materials

Bolingbrook, Illinois, United States

CTG Advanced Materials LLC is a designer and manufacturer of single crystal piezoelectric materials, serving major original equipment manufacturers throughout the medical marketplace.

Buy -