Transactions
November 20 2011
KippsDeSanto & Co. Advises Ballard Technology, Inc. on its Sale to Astronics Corporation
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Ballard Technology, Inc. (“Ballard”), by Astronics Corporation (“Astronics”). Astronics acquired Ballard to expand its specialized highly-engineered products and technologies offered to aerospace and defense customers. The transaction was announced and closed on November 30, 2011.
Headquartered in Everett, Washington, Ballard is a leader in the design and production of avionics interface solutions for commercial and military aerospace applications. Ballard’s product areas include (i) the Avionics BusBox family of self-contained embedded interface devices and rugged computers, (ii) embedded and test interface cards, (iii) peripheral databus interface devices, and (iv) CoPilot software and accessories. These proprietary databus solutions are key to the operations and support of a wide range of military and commercial aircraft, including fixed wing, rotary wing, and unmanned systems, as well as to test, simulation, analysis, and embedded applications that interface with all industry standard protocols / interfaces. The Company is trusted with its customers’ most critical interconnect and communication challenges supporting navigation, controls, displays, sensors, and other avionics systems.
We believe this transaction demonstrates several key trends in the aerospace and defense technology M&A environment:
• Buyers looking to acquire proprietary technology and intellectual property to complement and expand upon existing solutions
• Growing demand for highly-engineered data-centric products for aftermarket and OEM builds within the military and commercial aerospace markets
• Value proposition of multiple touch points and strong relationships with a diverse array of customers on attractive platforms
• Proven financial track record, strong profit margins, and solid growth profile remain at the forefront of industry acquisition criteria
LEAD INVESTMENT BANKERS
Michael J. Misantone
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Ballard Technology, Inc. (“Ballard”), by Astronics Corporation (“Astronics”). Astronics acquired Ballard to expand its specialized highly-engineered products and technologies offered to aerospace and defense customers. The transaction was announced and closed on November 30, 2011.
Headquartered in Everett, Washington, Ballard is a leader in the design and production of avionics interface solutions for commercial and military aerospace applications. Ballard’s product areas include (i) the Avionics BusBox family of self-contained embedded interface devices and rugged computers, (ii) embedded and test interface cards, (iii) peripheral databus interface devices, and (iv) CoPilot software and accessories. These proprietary databus solutions are key to the operations and support of a wide range of military and commercial aircraft, including fixed wing, rotary wing, and unmanned systems, as well as to test, simulation, analysis, and embedded applications that interface with all industry standard protocols / interfaces. The Company is trusted with its customers’ most critical interconnect and communication challenges supporting navigation, controls, displays, sensors, and other avionics systems.
We believe this transaction demonstrates several key trends in the aerospace and defense technology M&A environment:
• Buyers looking to acquire proprietary technology and intellectual property to complement and expand upon existing solutions
• Growing demand for highly-engineered data-centric products for aftermarket and OEM builds within the military and commercial aerospace markets
• Value proposition of multiple touch points and strong relationships with a diverse array of customers on attractive platforms
• Proven financial track record, strong profit margins, and solid growth profile remain at the forefront of industry acquisition criteria
LEAD INVESTMENT BANKERS
Michael J. Misantone
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