KippsDeSanto: Aerospace, Defense M&A Deals Eye Power Distribution Sector


kippsKippsDeSanto believes UEC Electronics’ acquisition of defense and security products provider Arotech shows that aerospace and defense companies are looking to power distribution and management technologies for mergers-and-acquisition deals.

The deal also demonstrates an attraction towards budgeted and long-term programs that support industry and military initiatives, the investment bank said Thursday.

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Companies that eye M&A deals are also showing interest in original equipment manufacturers and government suppliers, KippsDeSanto said.

The $33 million sale, which UEC advisor KippsDeSanto helped close earlier this month, sought to widen Arotech’s market reach in the U.S. with added offerings in engineering and the differentiated electronics manufacturing fields.

Hanahan, SC-based UEC designs products and develops critical components and subassemblies for military, aerospace and OEM clients such as the Space and Naval Warfare Systems Command, BAE Systems, Boeing, (NYSE: BA) Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN).

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