Circor / Castle Precision
August 2010
Circor Aerospace, Inc., a wholly owned subsidiary of Circor International, Inc. (NYSE: CIR), has acquired Castle Precision Industries (“CPI”).
Based in Sylmar, California, CPI is a manufacturer of landing gear components, actuation systems and sub-systems and is a provider of maintenance, repair and overhaul services for the commercial and military aerospace markets. CPI has more than 20 years of experience in providing landing gear components and repair solutions for commercial aircraft, including the Boeing MD80, 717, 737, 747, 757, 767 and 777 platforms. CPI also has extensive experience in providing aftermarket landing gear component solutions for military aircraft such as the F-18, F-16, F-5, and C-17 platforms. CPI will become a part of Circor Aerospace, a leading manufacturer of fluid controls, pneumatics, hydraulics, fuel systems, actuation systems and landing gear for the commercial and military aerospace markets.
Philpot Ball & Werner served as advisor to Circor International. Terms of the transaction were not disclosed.
Horstman / Windward
July 2010
Horstman, Inc., a designer and manufacturer of high performance military vehicle suspension systems, has acquired Windward, Inc.
Based in Slidell, Louisiana, Windward is a designer and manufacturer of sophisticated hydraulic and pneumatic components and mechanical accessories for military ground vehicles. Windward services multiple branches of the U.S. Department of Defense on major armored fighting vehicle and armored personnel carrier platforms. The Company also provides sophisticated hydraulic components for the down-hole oil & gas markets.
Philpot Ball & Werner served as advisor to Harris Watson Holdings plc, the parent company of Horstman. Terms of the transaction were not disclosed.
Carrier / Magic Aire
July 2010
United Electric Corporation (“Magic Aire” or the “Company”), a leading designer and manufacturer of commercial HVAC systems, has been acquired by MA Acquisition LLC, a management led investment group.
Based in Wichita Falls, Texas, Magic Aire is a wholly owned subsidiary of Carrier Corporation, the world’s largest HVAC systems and solutions company. Magic Aire is a specialist in the design and manufacture of direct expansion and hydronic air supply systems for schools, hospitals, stadiums, airports, condominium buildings and other commercial facilities. The Company also manufactures air handlers, evaporator coils, blower coils, fan coils and unit ventilators.
Philpot Ball & Werner served as advisor to Carrier Corporation and Magic Aire. Terms of the transaction were not disclosed.
Moog
July 2010
Moog, Inc. (NYSE:MOGA), a global leader in the design and manufacture of precision control systems for the aerospace, defense, industrial and other markets, has acquired Advanced Integrated Systems, LLC (“AIS”). Located in Santa Barbara, California, AIS is a designer, provider and integrator of high technology product solutions for weapons stations, weapons systems fire control and stabilization, power distribution and management, vetronics/electronics and C4I systems. AIS has provided products for a variety of major air, land and sea defense platforms including the F16, C130, HMMWV, AAV, LAV and DDG/CG/LSD class ships. AIS will become a part of the Moog Space & Defense Group.
Philpott Ball & Werner served as adviser to Moog, Inc. Terms of the transaction were not disclosed.
Kelly Aerospace Turbine Rotables, Inc.
December 2009
Kelly Aerospace Turbine Rotables, Inc. (“KTR”), a wholly owned subsidiary of Kelly Aerospace, Inc. has been acquired by First Aviation Services, Inc. Located in Wichita, Kansas, KTR is an FAA certified repair station that provides complete overhaul, exchange and repair services for flight critical aircraft components such as flight controls, landing gear, braking systems and actuators. KTR serves the general aviation and piston powered aircraft markets.
Based in Westport, Connecticut, First Aviation Services is a supplier of aircraft components, repair and overhaul services, third party logistics and inventory management services to the aviation industry worldwide. Customers include commercial airlines, air cargo companies, fleet operators, fixed base operators and the government.
Terms of the transaction were not disclosed. Philpott Ball & Werner served as advisor to Kelly Aerospace.
EST Group, Inc.
March 2009
EST Group, Inc., a manufacturer of highly engineered heat and cooling management systems for the energy and defense markets, was acquired by Curtiss-Wright Corporation (NYSE: CW). EST Group is the market leader in engineered plugs for heat exchangers, condensers, oil coolers and piping systems. EST Group also manufactures heat exchangers and provides field services. Curtiss-Wright is a manufacturer of motion and flow control products for the aerospace, defense and industrial markets. Curtiss-Wright acquired all of the stock of EST Group for $40 million in cash. Click here to learn more about this transaction…
Philpott Ball & Werner served as advisor to EST Group.
Formation, Inc.
January 2009
PB&W represented Formation, Inc. in its sale to EMS Technologies, Inc. Formation provides wireless network products that enable in-flight passenger communications with terrestrial and satellite networks along with other defense electronic products and systems. EMS has agreed to pay Formation, Inc. $40 million in cash and an earn-out up to $15 million.
Philpott Ball & Werner served as advisor to Formation, Inc.
Prime Turbines, Inc.
December 2008
Avatas Aerospace, Inc. completed its acquisition of Prime Turbines Inc. on December 31, 2008. Prime Turbines is a leading MRO and PMA parts supplier for PT6 turbine engines. Philpott Ball & Werner was the exclusive adviser to Prime Turbines. For more information, please do not hesitate to contact Ted Werner or Luke Korta at PB&W.
Moog, Inc.
December 2008
PB&W advised Moog, Inc. on its recent transaction of California Linear Devices, Inc. CLD specializes in designing and manufacturing high performance linear servomotors for a wide range of motion control applications. Transaction terms undisclosed.
Philpott Ball & Werner served as advisor to Moog, Inc.
Twin Commander Aircraft, LLC
August 2008
Twin Commander Aircraft LLC (“TCA”), the original equipment manufacturer of the Twin Commander twin engine general aviation aircraft, was acquired by Firstmark Corporation. As the owner of the type certificates for all Twin Commander aircraft, TCA is the manufacturer and supplier of proprietary OEM parts such as airframe, landing gear, flight controls and other components in support of the global Twin Commander fleet. Firstmark is a manufacturer of flight control subsystems and components for military, commercial and civil aircraft as well as custom aviation safety restraint systems. Terms of the transaction were not disclosed.
Philpott Ball & Werner served as advisor to TCA, LLC.
Moog, Inc
May 2008
Moog, Inc. (NYSE: MOGA), a global leader in the design and manufacture of precision control systems for the aerospace, defense, industrial and other markets, has acquired CSA Engineering, Inc. a designer and manufacturer of vibration suppression, precision motion control and noise control systems for the aerospace and defense markets. CSA Engineering systems are used in mission critical applications aboard the space shuttle, numerous satellites and space launch vehicles, defense missles, unmanned aerial vehicles and other aerospace platforms and programs.
Philpott Ball & Werner served as advisor to Moog, Inc.
Ira L. Griffin Sons
January 2008
KARL MAYER Textile Maschinenfabrik GmbH, the world’s leading manufacturer of warp knitting machinery, warp preparation systems and stitch bonding machinery, has acquired all technology and market rights of Ira L. Griffin Sons, Inc. (“ILGS”). ILGS is a leading manufacturer of innovative warp preparation machinery for the global textile market. The Company’s warp preparation product lines include sizing machinery and denim preparation machinery such as ball warpers and long chain beamers.
Philpott Ball & Werner served as advisor to Ira L. Griffin Sons.
ITAC
August 2007
Rockwell Collins, Inc. (NYSE: COL) has acquired Information Technology & Applications Corporation (ITAC), a privately-held engineering and products company that provides ISR and communications solutions to support the global war on terror and homeland security. ITAC develops cutting-edge capabilities for warfighters that facilitate access to and use of near-real time geospatial and communications intelligence information.
Pursuant to the terms of the agreement,Rockwell Collins acquired all outstanding shares of ITAC in a cash transaction worth $38 million.
Philpott Ball & Werner served as advisor to ITAC.
Micro Memory
August 2007
Vmetro (Oslo Exhchange:VME.OL) has acquired Micro Memory, LLC (“Micro”) a leading provider of board-level products for Real Time Embedded Systems and Enterprise Network Storage. The Company’s dense board designs are combined with robust, reconfigured FPGA IP to satisfy demanding signal processing applications for Aerospace and Defense Primes and leading OEMs. The Umem line of NVRAM products are high performance, random access storage devices for server and storage appliance providers.
Dynamic Instruments
July 2007
Roper Industries (NYSE:ROP) has acquired Dynamic Instruments, Inc. and its wholly owned subsidiary, Hardy Instruments, Inc. for total cash consideration of $31 million. Dynamic Instruments and Hardy Instruments will be consolidated as business units of the Energy Systems and Controls division of Roper Industries.
Circor Aerospace
July 2007
PB&W served as advisor to Circor Aerospace in its acquisition of Survival Engineering, Inc. Survival Engineering is a manufacturer of inflation systems, valves, cylinders, hose assemblies, manifolds and other products for marine and aviation life rafts, inflatable marine craft, emergency shelters and the inflatables industry.
Precision Engine Controls Corporation
February 2007
PECC is a leading designer and manufacturer of valves, electric actuators, metering valves and control systems for use in gas turbine engines and systems for the energy, oil & gas, marine and defense markets.
Impact Science & Technology Inc.
September 2006
IST provides Signals Intelligence (SIGINT) systems and analysis support to the intelligence community, and advanced countermeasures and electronic-attack systems to the Department of Defense and other government agencies.
The Litchfield Reserve Club, LLC
February 2006
The premier for profit private club of the coastal Grand Strand of South Carolina, the Litchfield Reserve Club features the area’s only Greg Norman designed course.
The Litchfield Company Real Estate
January 2006
A leading Southeast provider of real estate brokerage services for resort and high value residential properties as well as residential developments.
Porter Instrument Company
October 2005
A leader in analytical, industrial, medical and dental instrumentation.
Waccamaw Management LLC
September 2005
A provider of property management, facility maintenance and landscaping services. Also specializes in providing management, accounting and administration services to homeowner’s associations.
Echotek, Corp.
August 2005
A market leader in the design, development and manufacturing of high performance, high speed data I/O products used in RADAR, digital radio, signal intelligence, beamforming, medical imaging, and other data acquisition applications.
Applied Signal Technology, Inc.
July 2005
AST designs, develops, manufactures and markets advanced digital signal processing equipment to collect and process a wide range of telecommunications signals for signal reconnaissance applications.
York Industries
May 2005
PB&W served as advisor to Tactair Fluid Controls, Inc., a subsidiary of Young & Franklin, Inc. in its acquisition of the aerospace product lines of York Industries. The aerospace product lines of York Industries include aerospace hydraulic accumulators, self displacing accumulators, gas charge bottles, fire suppressant valves, auxiliary hydraulic power packs and hydraulic hand pumps used aboard a variety of military, commercial and regional aircraft.
Loud Engineering & Manufacturing, Inc.
January 2005
A manufacturer and designer of landing gear systems and related components for military helicopters and jets.
TW Garner Food Company
November 2004
A manufacturer and distributor of Texas Pete¨ Sauces and Garners¨ Jams, Jellies and Preserves.
TW Garner Food Company acquired Green Mountain Gringo Salsa and Tortilla Chips
Synergy Microsystems, Inc.
August 2004
Synergy designs, manufactures and integrates single and multi-processor, single -board computers for real-time applications in the military, aerospace and industrial markets.
Synergy Microsystems, Inc. acquired by Curtiss-Wright Corporation
Curtiss-Wright Corporation
February 2004
A manufacturer of motion control, metal treatment and flow control products for the aerospace, defense, automotive and other industries.
Curtiss-Wright Corporation acquired DY 4 Systems, Inc.
Curtiss-Wright Corporation
December 2003
A manufacturer of motion control, metal treatment and flow control products for the aerospace, defense, automotive and other industries.
Curtiss-Wright Corporation acquired Systran Corporation
