AAR CORP acquired Brown International Corporation for Approximately $26.7 million (cash), a transaction completed in April 2007, structured as all cash.
Brown International Corporation operates in Structures and Systems, is based in United States. AAR acquired Brown International Corporation, a privately held defense contractor providing engineering, design, manufacturing and systems integration services. Brown was folded into AAR's Structures and Systems segment and, together with Summa, contributed roughly $88.8 million of revenue in fiscal 2008.
Expanded AAR's defense-focused engineering, manufacturing and systems-integration capabilities within the Structures and Systems segment.
Structures and Systems segment
On April 2, 2007, we acquired Brown International Corporation ('Brown'), a privately held defense contractor that provides engineering, design, manufacturing and systems integration services. Brown operates as part of our Structures and Systems segment. The purchase price was approximately $26,700 and was paid in cash.AAR CORP. FY2008 Form 10-K, Note 7 Acquisitions
Advisory firms were not disclosed for this transaction.