Huntington Beach-based Trivec-Avant Corp., which makes advanced antenna systems for the U.S. military and other government allies, has been acquired for $126 million by a U.K-based aerospace manufacturer.
Cobham Plc is set to acquire Trivec-Avant in the cash buy.
The deal could call for as much as $18 million more based on performance benchmarks.
The transaction is subject to regulatory approvals and expected to close in the fourth quarter.
Costa Mesa-based investment bank McGladrey Capital Markets LLC advised Trivec-Avant on the sale.
The buy complements Cobham’s antenna systems strategic business unit, the company said.
Trivec-Avant has been a premier supplier of advanced antenna system for the U.S. and North Atlantic Treaty Organization military forces since the late 1980s.
Its antennas are used in satellite communications and found in radios, vehicles, warships and carried by ground forces.
Trivec-Avant has operated out of Huntington Beach for more two decades. It has about 65 employees, including engineers and manufacturing administrative workers, according to a company spokesperson.
Trivec-Avant is expected to keep its presence in Huntington Beach, where it does manufacturing and assembly.
Cobham employs more than 11,000 people worldwide.
It has annual revenue of about $3 billion and does business in more than 100 countries.
