KLX Inc. announced that it has acquired Herndon Aerospace & Defense LLC from private equity firm HCI Equity Partners. Herndon is a supply chain management and consumables hardware distributor serving military depot aftermarket customers and commercial aerospace aftermarkets customers. Herndon generated 2015 revenues and adjusted EBITDA of$132.5 million and $20.3 million respectively. The purchase price was $210 million payable in cash. Harris Williams & Co. advised Herndon on the sale.
We provide you with the latest news on acquisitions in the Defense and Government markets. Make sure to subscribe to our weekly deal updates: