Quebec-based CMC Electronics Inc. acquired, through a merger, Illinois-based Flight Visions, Inc. The deal closed on July 3, 2002, and its value is confidential. CMC Electronics was purchased by ONCAP LP (a subsidiary of Onex Corporation) and other financial investors (including Onex).
Torys LLP acted for ONCAP in the initial purchase of CMC Electronics, and for both ONCAP and CMC Electronics in the purchase of Flight Visions, assisted by CMC Electronics in-house counsel Jean-Denis Roy. The Torys team included Steve Donovan, Michael Akkawi, Guy Berman, Cameron Koziskie and Shawn Beber (corporate), John Unger (tax), Dennis Mahony (environmental), Robin Coster (intellectual property) and Chris Medland (pension, benefits and employment) in Toronto, and Andy Beck and Darren Baccus (corporate), Peter Keenan (tax and ERISA), Jeff Gracer and Karin Bonner (environmental), Barbara Roth (employment) and Gilbert Samberg and David Wawro (litigation advice) in New York.
Altheimer & Gray in Chicago acted for Flight Visions, with a team that included Norman Gold, Barry Fischer, Gavin Fearey and Samuel Wales (corporate), John Lowe (securities), Jeffrey Mote (intellectual property), Susan Daley (employee benefits), John Prusiecki (tax) and LaVon Johns-Harris (real estate).