Houlihan Lokey is pleased to announce that Custom Control Concepts, Inc., a portfolio company of Sorenson Capital Partners, has been acquired by Astronics Corporation (NASDAQ:ATRO). The transaction closed on April 3, 2017.
Custom Control Concepts, headquartered in Kent, WA, is a leading provider of digital in-flight entertainment (IFE), cabin management systems (CMS), and advanced LED lighting solutions for the VIP and head-of-state aircraft markets. For nearly two decades, Custom Control Concepts has delivered highly customized, reliable, and capable IFE and CMS solutions for the industry's largest narrow- and wide-body luxury aircrafts. With a continued focus on advancing IFE and CMS technology, Custom Control Concepts has completed more than 165 technology installations to date across 25 different fixed- and rotary-wing platforms.
Astronics Corporation is a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries. Astronics' products and services include advanced, high-performance electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. Through its wholly owned subsidiaries, Astronics has a reputation for high-quality designs, exceptional responsiveness, strong brand recognition, and best-in-class manufacturing practices. Astronics was founded in 1968 and is headquartered in East Aurora, NY.
Houlihan Lokey's Aerospace•Defense•Government (ADG) Group is the leading M&A advisor to aerospace, defense, government services, and homeland security companies. Since 2015, Houlihan Lokey has closed more than 35 transactions collectively worth over $5 billion in enterprise value. With a staff of approximately 25 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey's ADG Group is among the largest dedicated industry banking groups worldwide.