Houlihan Lokey Advises Liquid Robotics

Houlihan Lokey is pleased to announce that Liquid Robotics has entered into a definitive agreement to be acquired by The Boeing Company (NYSE: BA). Houlihan Lokey served as the exclusive financial advisor to Liquid Robotics.

Headquartered in Sunnyvale, Calif., Liquid Robotics designs and manufactures the Wave Glider® unmanned surface vehicle. The Wave Glider is the world's first ocean robot to be powered 100% by wave and solar energy, revolutionizing how the ocean is monitored and protected by gathering data in ways and locations previously too costly or challenging to operate. The Wave Glider's platform supports a wide range of end-market applications, including anti-submarine warfare, surface vessel detection, illegal fishing, Marine Protected Areas monitoring, and various application areas for environmental assessment and the oil and gas market. With more than one million nautical miles traveled to-date, Wave Gliders address challenges facing defense, commercial, and science customers by making ocean data collection and communications easier, safer, and real-time.

This transaction represents Houlihan Lokey's tenth unmanned systems transaction in recent years and underscores our continued global leadership and expertise in the unmanned systems market.

Houlihan Lokey's Aerospace•Defense•Government (ADG) Group is the leading M&A advisor to aerospace, defense, government services, and homeland security companies. Since 2015, we closed more than 35 transactions worth nearly $10 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., Los Angeles, and London, Houlihan Lokey's ADG Group is among the largest dedicated industry banking groups worldwide.