Houlihan Lokey Advises ASV Global

Houlihan Lokey is pleased to announce the sale of ASV Global, LLC, to L3 Technologies. The transaction closed on September 20, 2018.

Based in Louisiana and the United Kingdom, ASV Global is a leading unmanned maritime surface vessel (USV) and autonomous vessel control systems company. The company delivers maritime surface vessels in a range of sizes, currently from 10 to 42 feet, with proprietary software and control systems and proven unmanned system autonomy architectures. These time-tested capabilities have been demonstrated on multiple vessel types and sizes with over 1,500 operating days of service. Additionally, the company's autonomy systems are consistent with International Regulations for Preventing Collisions at Sea 1972 (COLREGs) published by the International Maritime Organization.

L3 Technologies is an agile innovator and leading provider of global ISR, communications, and electronic systems for military, homeland security, and commercial aviation customers. With headquarters in New York City and approximately 31,000 employees worldwide, L3 develops advanced defense technologies and commercial solutions in pilot training, aviation security, night vision and EO/IR, weapons, maritime systems, and space.

The acquisition of ASV Global strategically enhances L3's full spectrum of unmanned maritime capabilities, including integrated anti-submarine warfare (ASW) solutions, future surface combatant unmanned off-board sensors, and integrated unmanned surface and undersea vessel (USV/UUV) operations. The new company will be known as L3 ASV.

Houlihan Lokey served as the exclusive financial advisor to ASV Global. This transaction represents Houlihan Lokey's 12th unmanned systems transaction and underscores our continued global leadership and expertise in the unmanned systems market.

Houlihan Lokey's Aerospace•Defense•Government (ADG) practice is among the leading M&A advisors to aerospace, defense, government services, and homeland security companies. Since 2015, we have closed more than 60 transactions worth nearly $15 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey's ADG practice is among the largest dedicated industry banking groups worldwide.