Located in Huntington Beach, CA, LDS is a world leader in lightning protection systems using their proprietary technology for various applications serving the aerospace and defense industries. The purchase price was $60 million on a cash-free and debt-free basis and was paid in cash at closing.
“This acquisition is part of Ducommun’s overall strategy to enhance top-line growth by focusing on advanced proprietary technology on various aerospace and defense platforms. I am pleased to welcome Dave Wilmot, the president of LDS and his team to Ducommun, and look forward to them being part of the organization,” said Stephen Oswald, Ducommun president and chief executive officer.
Dave Wilmot, President of Lightning Diversion Systems, said “Janes Capital Partners maintained an efficient and competitive process, while offering excellent support throughout. The team’s industry experience and professionalism was instrumental in securing the best outcome for the LDS team, as we join Ducommun, and achieving great value for the shareholders.”
“The business attracted considerable interest among prospective acquirers. Ducommun distinguished themselves as the right buyer for LDS on a number of levels. We wish them continued success with this outstanding business,” added Stephen Perry, CEO and Managing Director of Janes Capital Partners.
Janes Capital Partners served as the financial advisor to Lightning Diversion Systems. BakerHostetler LLP acted as legal counsel for Lightning Diversion Systems.
About Janes Capital Partners
Based in Irvine, CA, Janes Capital Partners is a leading boutique investment banking firm focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies and liquidity events. The members of Janes Capital Partners have completed more than 75 successful A&D transactions and $5 billion in closed transaction value. Securities transactions are conducted through JCP Securities, Inc., a registered Broker/Dealer, member FINRA/SIPC, and registered Investment Advisor.
Janes Capital Partners is an independent financial advisory firm that is affiliated with Oaklins International Inc. Oaklins is the world’s most experienced mid-market M&A advisor, with 700 professionals globally and 16 dedicated industry teams in 40 countries.