Haynes and Boone, represented Applied Avionics, a U.S. manufacturer of avionics interface solutions for aerospace and defense platforms, in connection with its sale to Loar Group, a wholly owned subsidiary of Loar Holdings for approximately $385 million in cash.
Partner Brent Beckert led the deal team with support from associates Bryan Diebels, Joshua Reisman and Janet Wyse.
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: Danielle Marr, counsel
- Antitrust: Jennifer Wisinskiand Larry Shosid, partners and Hannah Shoss and Austria Arnold, associates
- Employee Benefits and Executive Compensation: Scott Thompson, partnerand Isabella Blanes, associate
- Labor and Employment: Karen Denney, partner
- Intellectual Property: Gavin George, partner and Nora Titus, associate
- Government Contracts: Zachary Prince, partner
