Mercury Systems, Inc. (NasdaqGS:MRCY) acquired GECO Avionics, LLC for $36.5 million on January 29, 2019. The consideration was paid in cash and is subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses were funded through Mercury’s existing revolving credit facility. The transaction recorded 10.5x purchase multiple of LTM adjusted EBITDA net of expected tax benefits. Mercury Systems, Inc. (NasdaqGS:MRCY) completed the acquisition of GECO Avionics, LLC on January 29, 2019.