Simpson Thacher represented ADS Group Opco, LLC d/b/a Primus Aerospace in connection with its acquisition of Raloid Corporation (“Raloid”). The transaction closed on June 15, 2022. The financial terms of the transaction were not disclosed.
Raloid is a precision component manufacturer of parts and subassemblies for commercial aerospace, defense and space systems. The business also provides machining, finishing and assembling services for its customer. Raloid is headquartered in Reisterstown, Maryland, and serves customers nationwide, including Lockheed Martin, Raytheon and Northrop Grumman.
The Simpson Thacher team included Gregory Klein, Jonathan Conigliari, Mariella McCormack and John Meadows (M&A); Sophie Staples and Lina Pan (Tax); Harry Hudesman and Ryan Kenny (ECEB); Lori Lesser, Melanie Jolson and Mark Natividad (IP); Dennis Loiacono (Real Estate); Michael Isby (Environmental); and Christopher Brown, Mark Haddox and Tina Zheng (Credit). Summer associate Lois Zhang provided valuable assistance.