Haynes Boone represented Applied Avionics, Inc., a leading U.S. manufacturer of avionics interface solutions for aerospace and defense platforms, in connection with its sale to Loar Group, Inc., a wholly owned subsidiary of Loar Holdings Inc. (NYSE: LOAR) for approximately $385 million in cash. Partner Brent Beckert led the deal team with support from Associates Bryan Diebels, Joshua Reisman and Janet Wyse.
Since 1968, Applied Avionics has been a leader in designing and manufacturing highly engineered avionics interface solutions, with its VIVISUN® and NEXSYS® brands preferred by major industry players. The company's success is built on proprietary designs, exceptional customer service, and a reputation for innovation, serving both commercial and military aerospace and defense markets. Headquartered in Fort Worth, Texas, Applied Avionics employs over 80 people, and its products are found on numerous platforms across the industry.
The transaction is expected to close shortly after receiving requisite regulatory approvals and subject to customary closing conditions. Under the terms of the agreement, Loar will acquire all outstanding equity interests in Texas-based Applied Avionics in an all-cash transaction for a total enterprise value of approximately $385 million.
A cross-disciplinary team of subject-matter specialists supported the team, including:
• Tax: Counsel Danielle Marr
• Antitrust: Partners Jennifer Wisinski and Larry Shosid and Associates Hannah Shoss and Austria Arnold
• Employee Benefits and Executive Compensation: Partner Scott Thompson and Associate Isabella Blanes
• Labor and Employment: Partner Karen Denney
• Intellectual Property: Partner Gavin George and Associate Nora Titus
• Government Contracts: Partner Zachary Prince
Haynes Boone’s M&A Practice Group has comprehensive experience handling middle-market deals, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $50B. The firm routinely represents private equity firms, closely held corporations, founders, large financial institutions and Fortune 500 public companies.
