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Esterline Tech picks up sensor maker.
Byline: Lou Whiteman in Atlanta
Seeking a bigger share of the lucrative aerospace sensor market, acquisitive Esterline Technologies Corp. agreed Thursday, May 22, to buy Weston Group from British industrial firm Roxboro Group plc for $88 million in cash.
Bellevue, Wash.-based Esterline said it would pay for the purchase, its fifth since the beginning of 2002, through a $150 million private placement of senior subordinated notes. Quarterdeck Investment Partners, a subsidiary of Jefferies & Co., and law firm Perkins Coie LLP advised Esterline on the merger. Roxboro was advised by HSBC Holdings plc.
Weston, based in Farnborough, U.K., makes sensors for …
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