Press Release October 8, 2020

Alston & Bird Advises Rocky Research in Its Acquisition by Honeywell

Alston & Bird client Rocky Research, a technology leader specializing in thermal, energy, and power management solutions, has been acquired by Honeywell International Inc. The transaction is the second significant aerospace and defense deal Alston & Bird has advised on in the past month.

Based in Boulder City, NV, Rocky Research has won several major contracts supporting various U.S. Department of Defense projects, including providing power and thermal management systems to one of the U.S. Army’s highest priority programs. Beyond defense applications, Rocky Research also addresses emerging homeland security needs, including the protection of critical infrastructure like airports, power plants, and stadiums.

Honeywell is a Fortune 100 technology company listed on the NYSE. The company delivers industry-specific solutions that include aerospace products and services, control technologies for buildings and industry, and performance materials globally.

In another aerospace and defense deal that closed recently, Alston & Bird represented Madison Dearborn Partners LLC and its portfolio company, AEVEX Aerospace, in acquiring Geodetics Inc., a leading designer and developer of commercial airborne intelligence, surveillance, and reconnaissance solutions.

Advising on the Rocky Research deal was an Alston & Bird team led by partners Jeremy Silverman and Charlie Yates and associates Matt Strumph and Alyssa Dunn (Corporate & Business Transactions); partner John Snyder and senior attorney Hilla Shimshoni (Antitrust); partner Scott Harty and senior associate Danny Reach (Tax); partners Blake MacKay and John Shannon and associate Cremeithius Riggins (Employee Benefits & Executive Compensation); partner Brett Coburn (Labor & Employment); partner Andy Howard (Government Contracts); counsel Rick Pilch (Real Estate); and partner Jason Waite and associate Helen Galloway (International Trade & Regulatory).

Houlihan Lokey served as the exclusive financial advisor to Rocky Research and assisted in structuring and negotiating the transaction on its behalf.

Representing Madison Dearborn Partners and AEVEX Aerospace on the Geodetics transaction were Alston & Bird partner Jeremy Silverman, senior associate Elaine Tapp, and associate John Schippert (Corporate & Business Transactions); partners George Taulbee and Maki DePalo (Intellectual Property); partner Jason Waite and associate John O'Hara (International Trade & Regulatory); staff attorney Nick Gibson (Technology); partner Scott Harty and associate Seth Buchwald (Tax); and partners Blake MacKay and John Shannon and senior associate Meredith Gage (Employee Benefits & Executive Compensation).
Media Contact
Alex Wolfe
Communications Director

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