Houlihan Lokey Advises Nobles Worldwide

Houlihan Lokey is pleased to announce that Nobles Worldwide, Inc. (Nobles), a portfolio company of Levine Leichtman Capital Partners (LLCP), has been acquired by Ducommun Incorporated (NYSE:DCO). Houlihan Lokey served as the exclusive financial advisor to Nobles. The transaction closed on October 8, 2019.

Nobles, based in St. Croix Falls, Wisconsin, is the global market leader in the design and manufacturing of ammunition handling systems for the U.S. military and its allies. The company develops highly engineered, proprietary products that are designed into more than 100 aircraft, naval ship, and ground vehicle weapon platforms, including most F-Series aircraft and naval close-in weapon systems. Nobles leverages its expanding installed base to generate recurring aftermarket revenue. With a legacy that spans over 70 years, Nobles' solutions optimize the feed path of ammunition and prevent jamming during combat situations.

Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense, and industrial markets. Founded in 1849, the company specializes in two core areas—electronic systems and structural systems—to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.

Houlihan Lokey's Aerospace, Defense & Government (ADG) Group is a leading M&A advisor to aerospace, defense, and government services companies in the U.S. Since 2016, the firm has closed more than 65 transactions worth more than $10 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.