PCX Aerostructures, LLC entered into an agreement to acquire Senior Aerospace Connecticut from Senior plc (LSE:SNR) for £53 million on March 5, 2021. The consideration is payable in cash at completion and subject to customary completion adjustments. For the financial year ended 31 December 2020, Senior Aerospace Connecticut’s external revenue was £36.2 million and its adjusted operating profit was £5.1 million. The transaction is subject to customary closing conditions and is expected to close in first half of 2021. The net proceeds will be used to further strengthen Senior's balance sheet and provide greater flexibility for the Senior group to operate within its capital deployment framework. Lazard & Co., Limited acted as financial advisor, and Buchanan Ingersoll & Rooney PC as legal advisor to Senior on the transaction. PCX Aerostructures, LLC completed the acquisition of Senior Aerospace Connecticut from Senior plc (LSE:SNR) on April 22, 2021. The net cash proceeds from the transaction are £49 million subject to customary working capital adjustments.