Aerospace & Defense Acquisitions in 2022
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December 31, 2022
- Buyer
- NMG Aerospace
- Target
- Matco Manufacturing
- Seller
- George Happ
- Industry
- Aerospace & Defense
- Location
- Utah, United States
- Type
- Buyout
NMG Aerospace, a family-owned aerospace manufacturer based in Stow, Ohio, has acquired Matco Manufacturing, a Salt Lake City maker of aircraft wheels, brakes, and related components. The deal, finalized in Q4 2022, brings Matco's expertise in experimental, light sport, and advanced air mobility landing systems into NMG's broader design and manufacturing platform; Matco owner George Happ will remain with the business.
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December 22, 2022
- Buyer
- Integrated Polymer Solutions, Inc., Arcline Investment Management
- Target
- AkroFire, LLC
- Industry
- Aerospace & Defense
- Location
- Kansas, United States
- Type
- Addon
Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, has acquired AkroFire, a designer and manufacturer of elastomeric fire seal solutions and cargo bay repairs serving business jet, commercial aerospace, and defense markets. The acquisition is an add-on to IPS intended to expand its aerospace sealing and engineering capabilities and scale production for OEM customers.
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December 18, 2022
- Buyer
- L3Harris Technologies
- Target
- Aerojet Rocketdyne Holdings, Inc.
- Seller
- Aerojet Rocketdyne shareholders
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Buyout
L3Harris Technologies has signed a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc. for $58 per share in an all-cash transaction valued at $4.7 billion inclusive of net debt. The deal, financed with cash and new debt, will combine Aerojet Rocketdyne’s propulsion and energetics capabilities (about $2.3 billion in revenue and ~5,200 employees) with L3Harris to strengthen defense propulsion, hypersonics and missile-defense offerings; the transaction is expected to close subject to regulatory approvals in 2023.
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- Buyer
- Greenbriar Equity Group
- Target
- Applied Aerospace Structures Corporation
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Buyout
Funds managed by Greenbriar Equity Group acquired Applied Aerospace Structures Corporation (AASC), a Stockton, California-based provider of complex composite and metal-bonded structures for space, aerospace, and defense programs. The investment will support AASC's growth and expansion plans — including organic growth and selective acquisitions — while financial terms were not disclosed.
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December 7, 2022
- Buyer
- Tiger Infrastructure Partners
- Target
- International Aerospace Coatings, Eirtech Aviation Services
- Seller
- Vance Street Capital LLC
- Industry
- Aerospace & Defense
- Location
- Ireland
- Type
- Buyout
Tiger Infrastructure Partners has acquired International Aerospace Coatings (IAC) and Eirtech Aviation Services (EAS) from Vance Street Capital. The transaction combines IAC's global aircraft coatings capability (headquartered in Shannon, Ireland) with EAS's engineering and asset management services (headquartered in Irvine, California) to create a leading aviation aftermarket platform; terms were not disclosed.
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November 30, 2022
- Buyer
- Clayton, Dubilier & Rice, Greenbriar Equity Group
- Target
- Whitcraft Group, Paradigm Precision
- Seller
- Funds managed by Carlyle (seller of Paradigm Precision)
- Industry
- Aerospace & Defense
- Location
- Connecticut, United States
- Type
- Buyout
Funds managed by Clayton, Dubilier & Rice (CD&R) and Greenbriar Equity Group completed acquisitions of Paradigm Precision and Whitcraft Group and combined the businesses to form Pursuit Aerospace, a scaled manufacturer of complex aircraft engine components. The transaction aims to create a diversified, lean-focused supplier for commercial and military OEM engine platforms with leadership led by CEO Doug Folsom and Ray Conner as chairman.
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November 30, 2022
- Buyer
- First Aviation Services Inc.
- Target
- Associated Aircraft Manufacturing & Sales, Inc. (AAMSI)
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Buyout
First Aviation Services Inc. has acquired Associated Aircraft Manufacturing & Sales, Inc. (AAMSI), a Fort Lauderdale-based manufacturer and MRO provider for aircraft electronics, avionics, hydraulic and landing gear components. The deal, completed on November 22, 2022, expands First Aviation's manufacturing and repair capabilities — particularly its defense / DOD-approved repairs — and creates opportunities for vertical integration across its component repair and overhaul operations.
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November 28, 2022
- Buyer
- Highlander Partners, L.P.
- Target
- Liteye Systems, Inc.
- Industry
- Aerospace & Defense
- Location
- Colorado, United States
- Type
- Buyout
Highlander Partners, through its newly formed High Point Aerotechnologies division, acquired Liteye Systems, a U.S.-based developer and integrator of counter-unmanned aircraft systems (C-UAS). The transaction marks the first investment by High Point as Highlander pursues a buy-and-build strategy to create a platform in the C-UAS/UAS and related defense markets to support government and military customers.
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November 7, 2022
- Buyer
- PCX Aerostructures, LLC (dba PCX Aerosystems)
- Target
- Timken Aerospace Drive Systems (ADS)
- Seller
- The Timken Company
- Industry
- Aerospace & Defense
- Location
- Connecticut, United States
- Type
- Addon
PCX Aerostructures (dba PCX Aerosystems), a Greenbriar Equity Group–owned aerospace manufacturer, has completed the acquisition of Manchester, Connecticut–based Timken Aerospace Drive Systems (ADS). ADS will be rebranded as PCX Aerosystems – Manchester LLC, expanding PCX's gearbox, transmission and MRO capabilities in mission-critical aerospace components.
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November 3, 2022
- Buyer
- ATL Partners
- Target
- Aero Accessories & Repair, LLC
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Buyout
ATL Partners has made a majority investment in Aero Accessories & Repair, LLC, a Miramar, Florida-based provider of aerospace component maintenance, repair, and overhaul (MRO) services. The founders, David and Kevin Vail, will remain significant equity holders and management will continue to run the business as ATL looks to support organic growth, geographic expansion and pursue add-on opportunities.
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November 1, 2022
- Buyer
- Redwire Corporation, Bain Capital, AE Industrial Partners
- Target
- QinetiQ Space NV
- Seller
- QinetiQ Group plc
- Industry
- Aerospace & Defense
- Location
- Belgium
- Type
- Buyout
Redwire Corporation completed its previously announced acquisition of Belgium-based QinetiQ Space NV (Space NV) for €32 million. The deal was supported by an $80 million investment in equity-linked securities from Bain Capital and AE Industrial Partners to finance the acquisition and back Redwire’s growth initiatives.
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- Buyer
- Leonardo DRS, Inc.
- Target
- RADA Electronic Industries Ltd.
- Industry
- Aerospace & Defense
- Location
- Israel
- Type
- Buyout
Leonardo DRS and RADA entered into a definitive all-stock merger agreement to combine their defense technology capabilities into a single public company branded as Leonardo DRS. Under the terms, Leonardo DRS will acquire 100% of RADA and RADA shareholders will own about 19.5% of the combined company (RADA becomes a wholly owned subsidiary on closing).
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October 18, 2022
- Buyer
- JETNET, Silversmith Capital Partners
- Target
- Asset Insight, LLC
- Industry
- Aerospace & Defense
- Location
- United States
- Type
- Addon
JETNET, a Silversmith Capital Partners–backed provider of aviation data and market intelligence, has agreed to acquire Asset Insight, LLC, an aviation-focused valuation firm and creator of the eValues real-time valuation tool. The deal is an add-on acquisition intended to expand JETNET’s data-driven product offerings and market intelligence capabilities for the business aviation market.
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October 17, 2022
- Buyer
- Farragut Capital Partners, Inc.
- Target
- Parry Labs, LLC
- Industry
- Aerospace & Defense
- Location
- Virginia, United States
- Type
- Growth capital
Farragut Capital Partners has closed a growth investment (subordinated debt) in Parry Labs, LLC to support the company's continued growth and working capital needs. Parry Labs, an Alexandria, Virginia–based edge technology systems integrator serving defense and commercial aviation markets, will use the financing to invest in products and capabilities and scale its operations.
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October 13, 2022
- Buyer
- Modern Aviation, Tiger Infrastructure Partners
- Target
- Mystic Jet Center, LLC, Columbia Air Services-BHB, LLC, Columbia Air Services-RUT, LLC
- Seller
- Two owners (unnamed)
- Industry
- Aerospace & Defense
- Location
- United States
- Type
- Addon
Modern Aviation has executed a definitive purchase agreement to acquire Mystic Jet Center, LLC (Groton–New London Airport, Groton, CT), Columbia Air Services-BHB, LLC (Hancock County–Bar Harbor Airport, Trenton, ME) and Columbia Air Services-RUT, LLC (Rutland Southern Vermont Regional Airport, Rutland, VT) from their two owners. The deal — expected to close in Q4 2022 — adds more than 161,500 square feet of leasable hangar and office space, retains all employees and expands Modern Aviation’s FBO network to 16 locations; Modern Aviation is backed by Tiger Infrastructure Partners.
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October 13, 2022
- Buyer
- Veritas Capital (affiliate)
- Target
- CAES Space Systems
- Seller
- CAES
- Industry
- Aerospace & Defense
- Location
- Colorado, United States
- Type
- Buyout
Veritas Capital announced that an affiliate has entered into a definitive agreement to acquire CAES Space Systems from CAES. The company supplies high-reliability, radiation-hardened electronic solutions for space, defense, healthcare, and industrial applications, and the transaction is expected to close in Q1 2023 subject to customary conditions and approvals.
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- Buyer
- Inflection Point Acquisition Corp.
- Target
- Intuitive Machines, LLC
- Industry
- Aerospace & Defense
- Location
- Texas, United States
- Type
- Buyout
Intuitive Machines (space exploration, infrastructure, and services) signed a definitive business combination agreement with Inflection Point Acquisition Corp. to become publicly listed on Nasdaq. The transaction is structured as Inflection Point combining with Intuitive Machines, with closing subject to shareholder and regulatory approvals and other customary conditions.
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October 11, 2022
- Buyer
- Unical Aviation Inc.
- Target
- CAVU Component Repair LLC
- Seller
- CAVU Aerospace
- Industry
- Aerospace & Defense
- Location
- Arizona, United States
- Type
- Addon
Unical Aviation Inc. has acquired CAVU Component Repair LLC, the FAA-approved Part 145 repair-station operations from CAVU Aerospace. The Mesa, Arizona facility (80,000 sq ft) expands Unical's third-party component repair capabilities; financial terms were not disclosed. Unical is PE-backed by Platinum Equity.
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- Buyer
- Boecore, Enlightenment Capital
- Target
- Ascension Engineering Group
- Industry
- Aerospace & Defense
- Location
- Colorado, United States
- Type
- Addon
Boecore, a Colorado Springs-based defense and space systems contractor backed by Enlightenment Capital, has acquired Ascension Engineering Group (AEG), a space systems and satellite communications engineering provider founded in 2017. The acquisition is an add-on to Boecore's platform to expand capabilities and service offerings for Space Force, NASA, the Army and commercial space customers.
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October 6, 2022
- Buyer
- ZeroAvia
- Target
- HyPoint
- Industry
- Aerospace & Defense
- Location
- Kent, United Kingdom
- Type
- Buyout
ZeroAvia has acquired HyPoint, a developer of high-temperature hydrogen fuel cell stacks, integrating HyPoint’s ~40 engineering staff and IP into ZeroAvia’s hydrogen powertrain business. The deal brings HyPoint’s HTPEM fuel cell technology into ZeroAvia’s R&D and production footprint to accelerate development of hydrogen-electric powertrains for fixed-wing and rotorcraft applications.
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- Buyer
- AE Industrial Partners, BlackRock Private Equity Partners
- Target
- York Space Systems
- Industry
- Aerospace & Defense
- Location
- Colorado, United States
- Type
- Buyout
AE Industrial Partners has agreed to acquire a majority stake in York Space Systems, a Denver-based manufacturer of small satellites and turnkey mission operations, with funds managed by BlackRock Private Equity Partners investing alongside. The deal provides York with institutional capital to scale production capacity and accelerate growth across government and commercial satellite markets; CEO Dirk Wallinger and Chairman Charles Beames will remain in leadership and retain significant ownership.
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October 4, 2022
- Buyer
- Aero 3, Inc., GenNx360 Capital Partners
- Target
- Aircrafters, Inc.
- Seller
- James Hicks (owner, Aircrafters)
- Industry
- Aerospace & Defense
- Location
- Delaware, United States
- Type
- Addon
Aero 3, Inc., the parent of AeroRepair and a portfolio company of GenNx360 Capital Partners, has acquired Aircrafters, Inc., a New Castle, Delaware–based distributor of aircraft wheel and brake parts and provider of exchange asset pools. The acquisition expands Aero 3's parts distribution capabilities and North American logistics footprint while keeping Aircrafters' management in place.
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October 4, 2022
- Buyer
- HDT Global
- Target
- Federal-Fabrics-Fibers, Inc. (3F)
- Industry
- Aerospace & Defense
- Location
- Massachusetts, United States
- Type
- Buyout
HDT Global, a Solon, Ohio-based manufacturer of expeditionary and defense solutions, has acquired Federal-Fabrics-Fibers, Inc. (3F), a Lowell, Massachusetts manufacturer of advanced woven and non-woven air-supported (AirBeam) shelter systems. The acquisition adds 2- and 3-D shaped woven AirBeam technology and rapid-prototyping capabilities to HDT's expeditionary shelter product portfolio to better serve U.S. government and allied military customers.
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October 3, 2022
- Buyer
- L3Harris Technologies
- Target
- Viasat Government Systems Segment - Link 16 Tactical Data Link (TDL) product line (TDL product line, including Link 16 MIDS platforms and associated terminals; Link 16 space assets)
- Seller
- Viasat
- Industry
- Aerospace & Defense
- Location
- United States
- Type
- Buyout
L3Harris announced it will acquire Viasat’s Link 16 Tactical Data Link (TDL) product line from Viasat’s Government Systems segment for $1.96 billion. The deal covers Link 16 MIDS platforms and associated terminals used on more than 20,000 U.S. and allied platforms worldwide, along with Link 16 space assets and related next-generation terminals and radios.
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September 29, 2022
- Buyer
- Bertin Technologies, FCDE (Fonds de Consolidation et de Développement des Entreprises)
- Target
- Environics Oy
- Seller
- Verso Capital
- Industry
- Aerospace & Defense
- Location
- South Savo, Finland
- Type
- Addon
French instrumentation group Bertin Technologies has acquired Finnish CBRN detection specialist Environics Oy from Verso Capital; the deal was announced September 29, 2022 and is backed by Bertin's owner FCDE. The acquisition creates a combined European CBRN player, strengthens Bertin's Nordic presence and expands its portfolio of detection, identification and monitoring solutions for authorities, manufacturers and first responders.
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September 16, 2022
- Buyer
- Kaman Corporation
- Target
- Parker-Hannifin Corporation's Aircraft Wheel & Brake Division
- Seller
- Parker-Hannifin Corporation
- Industry
- Aerospace & Defense
- Location
- United States
- Type
- Buyout
Kaman Corporation entered into a definitive agreement to acquire Parker-Hannifin’s Aircraft Wheel & Brake division for $440 million, subject to working capital adjustment and regulatory approvals. The acquisition was completed on September 16, 2022.
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September 15, 2022
- Buyer
- Veritas Capital (affiliate)
- Target
- Sequa Corporation, Chromalloy
- Seller
- Funds managed by Carlyle (The Carlyle Group)
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Buyout
Veritas Capital, through an affiliate, has entered into an agreement to acquire Sequa Corporation, the parent of Chromalloy, from funds managed by Carlyle. Chromalloy, headquartered in Palm Beach Gardens, Florida, is a leading provider of engine and gas turbine parts, repairs and related manufacturing capabilities; Veritas intends to invest in its proprietary LifeX solutions and accelerate growth.
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September 12, 2022
- Buyer
- PCX Aerosystems
- Target
- NuSpace, Inc.
- Seller
- Cornerstone Capital Holdings, members of the NuSpace leadership team
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Addon
PCX Aerosystems, a Connecticut-based aerospace supplier owned by Greenbriar Equity Group, acquired NuSpace, Inc. on September 2, 2022 from Cornerstone Capital Holdings and members of NuSpace’s leadership team. NuSpace, based in Long Beach, California, designs and manufactures proprietary propellant and high‑pressure tanks for satellites, launch vehicles, spacecraft and missile platforms, expanding PCX’s flight‑critical capabilities in the space and defense markets.
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September 6, 2022
- Buyer
- Systems Planning & Analysis, Inc., Arlington Capital Partners
- Target
- Operations Research & Cyber Analysis (ORCA) unit of Metron
- Seller
- Metron, Inc.
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Addon
Systems Planning & Analysis, an Arlington Capital portfolio company, has acquired the Operations Research & Cyber Analysis (ORCA) unit from Metron. The deal brings ORCA's San Diego–based operations research, model-based systems engineering, and modeling & simulation capabilities into SPA's Naval, Nuclear and Critical Infrastructure sector to expand capability and customer access in naval and national security markets.
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September 1, 2022
- Buyer
- Modern Aviation, Tiger Infrastructure Partners
- Target
- FBO operations at Francis S. Gabreski Airport (FOK), FBO operations at Republic Airport (FRG)
- Seller
- Sheltair Aviation
- Industry
- Aerospace & Defense
- Location
- New York, United States
- Type
- Addon
Modern Aviation has closed the acquisition of the fixed-base operator (FBO) assets and operations at Francis S. Gabreski Airport (FOK) in Westhampton Beach, NY and Republic Airport (FRG) in Farmingdale, NY from Sheltair Aviation. The deal expands Modern Aviation's Northeast footprint to 12 FBO locations and the company is backed by Tiger Infrastructure Partners.
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August 31, 2022
- Buyer
- PCX Aerosystems, Greenbriar Equity Group, L.P.
- Target
- Pacific Contours Corporation
- Seller
- Rapacz family
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Addon
PCX Aerosystems (a Greenbriar-backed aerospace supplier) acquired Pacific Contours Corporation from the Rapacz family on August 31, 2022. The acquisition expands PCX's Southern California footprint and adds precision machining, composite fabrication and flight-critical assembly capabilities serving OEM and government aerospace customers.
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August 23, 2022
- Buyer
- Precision Aviation Group, Inc., GenNx360 Capital Partners
- Target
- PTB Group
- Industry
- Aerospace & Defense
- Location
- Queensland, Australia
- Type
- Addon
GenNx360-backed Precision Aviation Group (PAG) has signed a definitive agreement to acquire ASX-listed PTB Group, a provider of MRO services for Pratt & Whitney PT6 and Honeywell TPE331 engines, engine and airframe leasing, and aviation supply-chain services. The bolt-on is intended to expand PAG's engine services capabilities and supply-chain footprint across Australia and the United States and is expected to close in Q4 2022, subject to shareholder and regulatory approvals.
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August 18, 2022
- Buyer
- Heads Up Technologies
- Target
- STG Aerospace
- Industry
- Aerospace & Defense
- Location
- Wales, United Kingdom
- Type
- Addon
Heads Up Technologies, a Dallas-based aircraft systems manufacturer (PE-backed by JLL Partners), has acquired STG Aerospace, a UK-based maker of photoluminescent and LED aircraft cabin lighting. The deal expands Heads Up’s cabin- and safety-lighting portfolio and brings STG’s concept-to-certification capability and proprietary IP into Heads Up’s platform as an add-on acquisition.
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August 17, 2022
- Buyer
- AeroVironment, Inc.
- Target
- Planck Aerosystems, Inc.
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Buyout
AeroVironment, Inc. has acquired Planck Aerosystems, a San Diego-based developer of advanced unmanned aircraft navigation and autonomy solutions. The acquisition will accelerate AeroVironment's autonomy capabilities by integrating Planck's embedded Autonomous Control Engine (ACE) and other technologies into its medium unmanned aircraft systems (MUAS) business, expanding capability for operations from moving platforms and in GPS-denied environments.
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August 17, 2022
- Buyer
- Behrman Capital, Members of George Industries senior management team
- Target
- George Industries (George Holding, Inc.)
- Seller
- Orangewood Partners
- Industry
- Aerospace & Defense
- Location
- New York, United States
- Type
- Buyout
Behrman Capital has acquired George Industries, a designer and manufacturer of mission-critical thermal management products and precision components for the defense, aerospace and industrial sectors. Orangewood Partners, which had owned George since 2016, exited the investment; members of George's senior management are participating alongside Behrman in the transaction. Financial terms were not disclosed.
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August 11, 2022
- Buyer
- HEICO Corporation
- Target
- Sensor Systems, Inc.
- Seller
- Seymour 'Si' Robin, Bazar family
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Buyout
HEICO Corporation's Electronic Technologies Group acquired all of the stock of Sensor Systems, Inc. in a transaction using cash and approximately 575,000 HEICO Class A common shares. Sensor, a Chatsworth, California-based designer and manufacturer of airborne antennas (approximately 200 employees), will continue operating under its current name and location; HEICO expects the acquisition to be accretive to earnings in the year following the acquisition.
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August 9, 2022
- Buyer
- HEICO Corporation, dB Control (a HEICO subsidiary)
- Target
- Charter Engineering, Inc.
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Buyout
HEICO Corporation's dB Control subsidiary acquired 100% of the stock of Charter Engineering, Inc., a Pinellas Park, Florida-based designer and manufacturer of RF and microwave coaxial switches. The acquisition will integrate Charter into HEICO's Electronic Technologies Group and expand dB Control's RF/microwave switch offering; HEICO expects the deal to be accretive within the year.
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August 3, 2022
- Buyer
- Elliott Aviation, Summit Park
- Target
- Four Points Aero Services
- Industry
- Aerospace & Defense
- Location
- Texas, United States
- Type
- Addon
Elliott Aviation, a portfolio company of Summit Park, has completed the acquisition of Four Points Aero Services, a full-service aircraft repair (MRO) facility located at Dallas Love Field in Dallas, Texas. The add-on expands Elliott's MRO footprint in the U.S. and strengthens its airframe and avionics maintenance capabilities in the Texas market.
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August 3, 2022
- Buyer
- Slingshot Aerospace
- Target
- Numerica (Space Domain Awareness division), Seradata
- Seller
- Numerica Corporation, Seradata
- Industry
- Aerospace & Defense
- Location
- Colorado, United States
- Type
- Buyout
Slingshot Aerospace acquired Numerica Corporation’s Space Domain Awareness (SDA) division and UK-based Seradata to expand its space situational awareness, sensor network, and industry data capabilities. The deals add a global optical sensor network, the Seradata SpaceTrak launch and satellite database, and new offices/team members—strengthening Slingshot’s product suite and establishing a UK/European footprint.
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- Buyer
- By Light Professional IT Services LLC, Sagewind Capital LLC
- Target
- Veraxx Engineering Corporation
- Industry
- Aerospace & Defense
- Location
- Virginia, United States
- Type
- Buyout
By Light Professional IT Services, a Sagewind Capital portfolio company, has acquired Veraxx Engineering Corporation, a Chantilly, Virginia-based provider of high-fidelity flight simulation and training technologies for the U.S. Department of Defense. The acquisition expands By Light’s modeling & simulation and synthetic training capabilities; financial terms were not disclosed.
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July 29, 2022
- Buyer
- TRM Equity II
- Target
- WDC Acquisition LLC (Wellman Dynamics)
- Industry
- Aerospace & Defense
- Location
- Iowa, United States
- Type
- Buyout
TRM Equity II, a Michigan-based private equity firm, has acquired all equity of WDC Acquisition LLC, doing business as Wellman Dynamics, a Creston, Iowa-based aerospace foundry that manufactures large, complex magnesium and aluminum castings for defense and commercial aerospace customers. The transaction closed July 29, 2022; Wellman employs approximately 350 people and has operated in Creston since 1965.
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- Buyer
- HEICO Corporation
- Target
- Exxelia
- Seller
- IK Partners (IK VII Fund affiliate)
- Industry
- Aerospace & Defense
- Location
- Île-de-France, France
- Type
- Buyout
HEICO Corporation has entered into exclusive negotiations to purchase Exxelia from an affiliate of the IK VII Fund. Exxelia, headquartered in Paris and a manufacturer of high-reliability passive components and precision subsystems with ~2,100 employees and ~€190m revenue (FY2022), will broaden HEICO's product portfolio and European footprint pending regulatory approvals.
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July 27, 2022
- Buyer
- GracoRoberts, CM Equity Partners
- Target
- Styles Aviation, Inc. (dba SkyGeek.com)
- Industry
- Aerospace & Defense
- Location
- New York, United States
- Type
- Addon
GracoRoberts has acquired New York-based Styles Aviation, Inc. (dba SkyGeek.com) to expand its global ecommerce capabilities and deepen its offerings in the aerospace MRO segment. The deal, supported by GracoRoberts' private equity sponsor CM Equity Partners, brings SkyGeek's extensive online portfolio and Northeastern U.S. distribution hub into the combined company.
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- Buyer
- Veritas Capital (The Veritas Capital Vantage Fund, L.P.)
- Target
- Epiq Solutions
- Industry
- Aerospace & Defense
- Location
- Illinois, United States
- Type
- Growth capital
Veritas Capital’s Vantage Fund has made a strategic growth investment in Epiq Solutions, a provider of software-defined radio and turnkey RF solutions for government and enterprise customers. Epiq’s co-founders will remain in leadership and retain significant ownership; financial terms were not disclosed. Veritas says it will support product advancement, national expansion, and targeted acquisitions to scale the business.
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July 19, 2022
- Buyer
- Novaria Group
- Target
- Stroco Manufacturing, Inc.
- Seller
- Kris Welhart (current owner of Stroco Manufacturing)
- Industry
- Aerospace & Defense
- Location
- Missouri, United States
- Type
- Buyout
Novaria Group has signed an agreement to acquire Stroco Manufacturing, Inc., a defense and aerospace specialty hardware supplier. The deal is expected to close in the same month, subject to customary closing conditions, and Stroco will continue operations under the leadership of its current owner.
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- Buyer
- HEICO Corporation (Flight Support Group)
- Target
- Accurate Metal Machining, Inc.
- Seller
- Loiczly Family
- Industry
- Aerospace & Defense
- Location
- Ohio, United States
- Type
- Buyout
HEICO Corporation’s Flight Support Group acquired a 96% stake in Accurate Metal Machining, Inc., a Cleveland-based manufacturer of high-reliability components for aerospace, defense and semiconductor equipment, for cash at closing plus potential additional performance-based consideration. Accurate, founded in 1976 and employing approximately 250 people, will continue to be led by its existing management and remain largely unchanged operationally while adding capabilities to HEICO's Specialty Products Group.
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- Buyer
- Arcline Investment Management, Signia Aerospace
- Target
- International Mezzo Technologies
- Industry
- Aerospace & Defense
- Location
- Louisiana, United States
- Type
- Addon
Arcline Investment Management formed Signia Aerospace and announced that Signia has acquired International Mezzo Technologies, a designer and manufacturer of high-performance microtube heat exchangers. The acquisition bolsters Signia’s Thermal Management capability and expands its product and service offerings to aerospace, defense, space and other end markets.
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- Buyer
- Siemens Digital Industries Software
- Target
- ZONA Technology, Inc.
- Industry
- Aerospace & Defense
- Location
- Arizona, United States
- Type
- Buyout
Siemens Digital Industries Software has agreed to acquire ZONA Technology, Inc., a specialist in aeroelastic simulation solutions, to integrate its capabilities into the Simcenter/Xcelerator portfolio. The deal (terms undisclosed) is intended to expand Siemens' simulation capabilities for airframe design and certification and was expected to close in the second half of 2022.
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July 12, 2022
- Buyer
- FDH Aero
- Target
- Electro Enterprises, Inc.
- Industry
- Aerospace & Defense
- Location
- Oklahoma, United States
- Type
- Addon
FDH Aero, a PE-backed aerospace & defense supply chain solutions provider, has acquired Electro Enterprises, Inc., a longtime Oklahoma City–based distributor of aerospace and defense electrical and electronic components. The deal expands FDH's electrical product portfolio and global footprint (Electro operates in Oklahoma, Texas, the United Kingdom and Israel), while Electro will continue to be led by Mitch Enright and operate from its existing locations.
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July 7, 2022
- Buyer
- ACR Group Corporation
- Target
- Blue Sky Network
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Buyout
ACR Group Corporation has acquired Blue Sky Network; Greenwich Capital Group acted as exclusive financial advisor to Blue Sky Network on the transaction. Blue Sky Network will retain its management, brand and engineering capabilities and will join ACR Group’s portfolio to extend satellite communications, tracking and fleet-management offerings across aerospace, government, maritime and commercial markets.
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