July 20 2012
KippsDeSanto & Co. Advises Max-Viz, Inc. on its Sale to Astronics Corporation
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Max-Viz, Inc. (“Max-Viz”), by Astronics Corporation (“Astronics”). Astronics acquired Max-Viz to expand its specialized and technologically innovative products offered to aerospace and defense customers. The transaction closed on July 30, 2012.
Headquartered in Portland, Oregon, Max-Viz is a leader in the design and production of enhanced vision systems (“EVS”) for the civilian and military aviation industry. The Company’s customers primarily include business jet, general aviation, and rotorcraft OEMs, as well as aftermarket customers in these sectors. Max-Viz’s EVS enable increased pilot visibility and safer flight operations in darkness and adverse weather conditions, such as precipitation, fog, smoke, dust (brownout), and haze. Max-Viz’s products utilize infrared (“IR”) and visible light imagery, as well as proprietary processing technologies to present pilots with reliable imagery in otherwise low visibility environments, significantly enhancing situational awareness. Max-Viz systems are designed to be integrated with a variety of existing displays, avoiding the need for another device in already crowded cockpits. Max-Viz has the largest installed base in the industry, with considerable presence in the aftermarket and growing adoption on OEM new builds.
We believe this transaction demonstrates several key trends in the aerospace and defense technology M&A environment:
• Keen interest in leading technologies that enhance capabilities and performance of diverse, existing aerospace assets in dynamic ways
• Appetite for proprietary, technology-driven solutions to penetrate target customers and markets
• Value of compelling growth trajectory supported by ongoing investment, embedded position / installed base, and recurring revenue streams
LEAD INVESTMENT BANKERS
Michael J. Misantone
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Max-Viz, Inc. (“Max-Viz”), by Astronics Corporation (“Astronics”). Astronics acquired Max-Viz to expand its specialized and technologically innovative products offered to aerospace and defense customers. The transaction closed on July 30, 2012.
Headquartered in Portland, Oregon, Max-Viz is a leader in the design and production of enhanced vision systems (“EVS”) for the civilian and military aviation industry. The Company’s customers primarily include business jet, general aviation, and rotorcraft OEMs, as well as aftermarket customers in these sectors. Max-Viz’s EVS enable increased pilot visibility and safer flight operations in darkness and adverse weather conditions, such as precipitation, fog, smoke, dust (brownout), and haze. Max-Viz’s products utilize infrared (“IR”) and visible light imagery, as well as proprietary processing technologies to present pilots with reliable imagery in otherwise low visibility environments, significantly enhancing situational awareness. Max-Viz systems are designed to be integrated with a variety of existing displays, avoiding the need for another device in already crowded cockpits. Max-Viz has the largest installed base in the industry, with considerable presence in the aftermarket and growing adoption on OEM new builds.
We believe this transaction demonstrates several key trends in the aerospace and defense technology M&A environment:
• Keen interest in leading technologies that enhance capabilities and performance of diverse, existing aerospace assets in dynamic ways
• Appetite for proprietary, technology-driven solutions to penetrate target customers and markets
• Value of compelling growth trajectory supported by ongoing investment, embedded position / installed base, and recurring revenue streams
LEAD INVESTMENT BANKERS
Michael J. Misantone