M&A
confidence high
sentiment positive
materiality 0.75
Mercury Systems to acquire Avalex Technologies for $155M in cash
MERCURY SYSTEMS INC
- Avalex provides mission-critical avionics: rugged displays, communications mgmt, digital video recorders, warning systems.
- Avalex expected to generate ~$40M revenue for 12 months ending Dec 31, 2022, with ~25% adj. EBITDA margin.
- Transaction is immediately accretive to adjusted EPS; funded via cash on hand and credit facility.
- Expected close during Mercury's fiscal 2022 Q2 (by Dec 31, 2021) subject to HSR approval.