Houlihan Lokey Advises L3Harris Technologies

Houlihan Lokey is pleased to announce that L3Harris Technologies, Inc., has divested its EOTech business unit to American Holoptics, an affiliate of Koucar Management. The transaction closed on July 31, 2020.

EOTech is a leading manufacturer of cutting-edge, mission-critical holographic sighting systems, magnified field optics, and accessories for militaries, law enforcement agencies, hunters, and recreational shooters. With annual revenues of approximately $60 million, the company serves as an established, trusted, and well-recognized global military and consumer supplier known for functionality, durability, quality, and innovative design for tactical optics devices. EOTech is headquartered in Ann Arbor, Michigan.

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space, and cyber domains. L3Harris has approximately $18 billion in annual revenue and 50,000 employees, with customers in 130 countries.

American Holoptics is wholly owned by Koucar Management, a Michigan-based family office with a diversified portfolio of investments across various industries, including general contracting, technology, and tactical equipment distribution. Koucar Management's strategic investments in Elite Defense and HEL Technologies represent a strong foundation of cutting-edge optical science and weapons systems distribution. The American Holoptics leadership team has exceptionally broad and deep experience providing high-quality products to the global weapons accessory market. The team has a proven track record of building customer-first and technology-focused organizations.

Houlihan Lokey's Aerospace, Defense & Government (ADG) practice within the global Industrials Group is a leading M&A advisor to aerospace, defense, and government services companies in the United States. Since 2016, the practice has closed over 85 transactions worth more than $15 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., Chicago, Los Angeles, and Europe, Houlihan Lokey's ADG practice is among the largest dedicated industry banking teams worldwide. In 2019, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrial transactions according to Refinitiv (formally known as Thomson Reuters).

Houlihan Lokey served as financial advisor to L3Harris Technologies and led the structuring and negotiation of the transaction. This underscores Houlihan Lokey’s long-standing reputation as a premier advisor to the aerospace and defense sector.

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