LightPath acquires G5 Infrared for $27M in cash and stock

LightPath (LPTH) Technologies announced the accretive acquisition of G5 Infrared, a high-end infrared camera systems manufacturer, purchased for a combination of cash and stock – creating a global, vertically integrated optics leader. The aggregate consideration payable to the G5 members is $27M, consisting of $20.25M in cash and $6.75M in common shares, with the potential for additional performance-based consideration, gated by revenue and EBITDA thresholds, payable in cash and common shares. The closing of the acquisition and related financing is expected to occur on or before February 19.