Mirus completes 409A valuation for Hybricon
In 2006, Mirus Capital Advisors was engaged to complete a valuation analysis and provide strategic advisory services to Hybricon, a leading supplier of high performance electronic packaging for the aerospace, defense, and commercial markets. In May 2010, Curtiss-Wright Corporation (NYSE: CW) announced that it had signed a definitive purchase agreement to acquire Hybricon Corporation for $19 million in cash.
Hybricon, based in Ayer, MA, designs and manufactures custom and standards-based enclosures and electronic backplanes for defense and commercial applications. They are a leading supplier for the most popular embedded commercial-off-the-shelf (COTS) system architectures including OpenVPX, VPX, VXS, VME64X, CompactPCI, and MicroTCA. In 2009, they had sales of approximately $17 million, including an 85% concentration in the defense market. Hybricon will operate in Curtiss-Wright’s Motion Control segment, within the Electronic Systems division.
Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, NJ. The company designs, manufactures, and overhauls products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The firm employs approximately 7,500 people worldwide. Curtiss-Wright Controls is the Motion Control segment of Curtiss-Wright Corporation, and a leading designer and manufacturer of advanced technologies for niche actuation and drive applications, integrated sensors, and electronic subsystems internationally for the aerospace and defense markets.
About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care, and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.merger.com.Back to Transactions