TTM Technologies completes $1.1 billion Epiq Solutions acquisition
TTM Technologies closed its acquisition of Epiq Solutions, funded by $1.1 billion in new debt and senior notes.
Key takeaways
- TTM Technologies Inc. (TTMI) completed its acquisition of Epiq Solutions for approximately $1.1 billion in cash on Sept. 30, 2026. The purchase was funded through new incremental term loan facilities and senior notes.
TTM Technologies Inc. (TTMI) said on Wednesday that it has completed its acquisition of EPIQ Design Solutions LLC for approximately $1.1 billion in cash. The transaction was announced in a regulatory filing and a press release.
The company funded the purchase price using borrowings from a new $300 million incremental senior secured term loan A and an $800 million incremental senior secured term loan B, alongside proceeds from a previously completed offering of 6.750% senior notes due 2034. The new term loans were entered into under a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent.
Epiq Solutions now operates as a wholly-owned subsidiary of TTM Technologies. The acquired business provides software-defined radios and RF products supporting defense and commercial markets.
Financial contributions from the Epiq acquisition are expected to be immediately accretive to adjusted EBITDA, moderately dilutive to non-GAAP diluted EPS in 2027, and accretive to non-GAAP diluted EPS in 2028.
"The completion of the Epiq acquisition is an exciting moment for TTM as we welcome a very strong management team and a profitable, well-established business that provides innovative capabilities for our A&D customers and bolsters our overall technology portfolio," said Edwin Roks, President and Chief Executive Officer of TTM Technologies.