Aerospace & Defense
Meridian Capital Advises MTM Robotics In Sale To Airbus
Published January 8, 2020
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON
Meridian Capital LLC, a Seattle-based middle market corporate finance and M&A advisory firm is excited to announce the successful sale of its client, MTM Robotics (“MTM”), to Airbus Americas, Inc. (“Airbus”). Meridian Capital served as the exclusive financial advisor to MTM on the transaction.
About MTM Robotics
Founded in 2003 and headquartered in Mukilteo, Washington, MTM is a leading provider of high-quality, automated portable tools, robotics, and software systems to the global aerospace and aircraft manufacturing industry. The Company’s best-in-class engineering capabilities, innovative product offerings, and custom solutions have positioned the Company as a leader in portable automated tooling. Over the Company’s history, MTM has deployed systems to support aircraft production with leading OEM customers including Boeing, Lockheed Martin, and Airbus, among others. MTM’s relationship with Airbus has spanned over ten years, providing systems in use across Airbus’ global production lines.”Meridian Capital has been a valuable advisor over the past few years and played a vital role in attaining a successful result. Meridian was unwavering in its dedication to achieve the best outcome for shareholders and position the Company for its next phase of growth. Their experience navigating cross-border, strategic transactions within the A&D industry proved invaluable,” said Mike Woogerd, President and founder of MTM. “We are pleased and excited to become part of the Airbus family and look forward to further integrating our products and approaches into the Airbus industrialization chain.
“Meridian is pleased to have had the opportunity to work with MTM since 2013, advising the shareholders on strategic initiatives, growth equity financing, and ultimately its sale to Airbus. We are excited by the opportunities ahead for MTM and its team through the strategic combination with Airbus. The partnership will allow MTM to accelerate and expand its innovative efforts with one of the top A&D OEMs in the world.”Brian Murphy, President and Managing Director
This transaction represents continued momentum for Meridian Capital’s Aerospace and Defense and Diversified Industrials teams. Other recent transactions include Berg, MetalFX, Allpak Container, Apollo Technologies, Thortex, Smith & Greene Company, and Blast Deflectors, Inc.
About Airbus Americas, Inc.
Headquartered in Hendron Virginia, USA, Airbus Americas operates as a subsidiary of Airbus Group (PAR:AIR). Airbus Group is a France-based, global manufacturer and designer of commercial aircrafts, helicopters, and other space and defense solutions. The Company maintains around 180 locations around the world.
For more information about this transaction, please contact one of the team members below:
About Meridian Capital
Founded in 1995, Meridian Capital is a Seattle-based M&A advisory firm, advising business owners on complex corporate finance, M&A and strategic challenges for over 25 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of professionals with financial, transactional, and operational expertise, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace & defense, business services, consumer, diversified industrials, food & beverage, technology, and telecommunications.