Troutman Pepper Hamilton Sanders LLP
03/22/2021 | Press release | Distributed by Public on 03/22/2021 15:11
Troutman Pepper Advises AMETEK on $1.35B Acquisition of Abaco Systems
PHILADELPHIA - Troutman Pepper client AMETEK, Inc., a leading global manufacturer of electronic instruments and electromechanical devices, has agreed to acquire Abaco Systems from Veritas Capital in an all-cash transaction valued at $1.35 billion. Read the company's press release about the acquisition.
Abaco Systems designs open-architecture computing and electronic systems for aerospace, defense, and specialized industrial markets. Through this acquisition, Abaco Systems will join AMETEK's Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instruments.
A team of Troutman Pepper attorneys led by Partners Deborah Spranger and Erica Stalnecker Wilson served as AMETEK's legal counsel in the transaction. The firm has advised AMETEK since 2017 on deals totaling multiple billions.
Consistently recognized as a top-tier national practice, Troutman Pepper's corporate attorneys regularly handle multimillion- and multibillion-dollar transactions. Core areas of service include capital markets transactions and other significant domestic and cross-border transactions, mergers and acquisitions, corporate governance, securities laws compliance, and corporate finance. The firm has particular expertise in the private equity and private fund services space, advising clients on matters from fund formation to investments and exit transactions.
About Troutman Pepper
Troutman Pepper is a national law firm known for its higher commitment to client care. With more than 1,200 attorneys in 23 U.S. cities, the firm partners with clients across every industry sector to help them achieve their business goals. Read more about the firm's litigation, transactional, and regulatory practices at troutman.com.