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LMI Aerospace To Acquire Valent Aerostructures

Defense Daily Staff Defense Daily Staff
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LMI Aerospace, Inc. [LMIA] yesterday said it has agreed to acquire Valent Aerostructures, LLC, for $237 million in a deal that expands its work on existing aircraft and enables it to provide customers with new solutions. The deal, which is expected to close this month, also includes an additional $9.7 million in retained obligations as part of the purchase price and has an earnout provision worth up to $40 million if Valent surpasses certain earnings thresholds in 2013. LMI expects…

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