Aerospace & Defense Acquisitions in United States

Amca, a Los Angeles-based aerospace and defense company, acquired Payne Magnetics, a Covina, California-based aerospace magnetics and power electronics components manufacturer. The business was purchased from second-generation owner Jon Payne, expanding Amca’s power electronics capabilities following its earlier acquisition of Electrocube.

An affiliate of Cerberus Capital Management, L.P. completed the full acquisition of Vivace International Corporation, a provider of mission-critical propulsion tanks and aerospace systems. Cerberus previously made a strategic growth investment in Vivace in 2024, and the additional investment is intended to help scale production capacity and enhance advanced manufacturing capabilities to support U.S. defense and spaceflight programs.

Amca, an El Segundo-based aerospace and defense company, acquired Electrocube of Pomona, California from two of Electrocube’s founding families. The deal expands Amca into flight-critical power electronics, leveraging Electrocube’s longstanding supplier relationships (including Boeing) and product portfolio; Shedd Capital advised on the transaction.

By Light Professional IT Services LLC, a portfolio company of Sagewind Capital, acquired Dignitas Technologies, an Orlando, Florida-based provider of modeling, simulation and training (MS&T) products and mission rehearsal applications for U.S. Department of Defense customers. The deal expands By Light’s synthetic training and virtual training capabilities, including cyber training, virtual cyber effects, and live/virtual/constructive training solutions. Financial terms were not disclosed.

Karman Space & Defense closed its previously announced acquisition of Seemann Composites and MSC, expanding its portfolio of IP-enabled solutions for extreme environments and adding advanced materials, acoustic coatings, and maritime-focused propulsion capabilities for U.S. Navy programs. The acquired businesses will combine with Karman’s existing maritime programs to form a new end market, Maritime Defense Systems. In connection with the deal, Karman amended its credit agreement to increase its incremental term loan to $772 million to fund the acquisitions and provide additional liquidity.

Auria, a provider of command, control, and communications (C3) software and solutions for advanced space and missile operations and a portfolio company of Enlightenment Capital, acquired BCubed Engineering Corporation ("BCubed"). Headquartered in Warrenton, Virginia, BCubed provides software-defined C3 capabilities including satellite communications, digital ground systems, and cloud-native command-and-control platforms supporting customers such as the U.S. Space Force, Special Operations Command, and the Intelligence Community.

Novaria Group, a portfolio company of Arcline Investment Management, announced the acquisition of Plasma Ruggedized Solutions (PRS). PRS provides high-reliability conformal coatings and plasma-based protection processes (including parylene coating, potting, and encapsulation) for sensitive electronics used in defense, medical, and advanced industrial applications, expanding Novaria’s surface protection capabilities for mission-critical electronics.

Kingswood Capital Management has completed its acquisition of Safran Passenger Innovations (SPI), a provider of in-flight entertainment and connectivity solutions, from Safran. Following the transaction, SPI has been renamed RAVE Aerospace and will continue operating under the established RAVE brand as it pursues its next phase of growth.

Cook Inlet Region, Inc. (CIRI) announced it has purchased HABCO Industries, LLC, an aerospace manufacturer that designs and produces support and test equipment for commercial and defense aviation. The acquisition expands CIRI’s portfolio and positions HABCO to accelerate growth while continuing to serve commercial, government, and military customers through its global operations.

Ventus Industrial Partners, in partnership with GenNx360 Capital Partners and Admiralty Partners, formed Aeron Defense and acquired General Tool Company (GTC) and Magna Machine Company. The acquisitions combine two Ohio-based defense manufacturing businesses founded by the Kramer family, with Magna becoming GTC’s fourth manufacturing site and the Kramer family retaining a minority stake in Aeron.

Cadre Holdings, Inc. completed its previously announced acquisition of TYR Tactical, LLC, a manufacturer of tactical gear and equipment serving military, law enforcement, and government agencies worldwide. The consideration included $120 million in cash and $24 million in Cadre common stock, plus $1 million in restricted stock unit awards for certain TYR Tactical employees, with the seller eligible for up to $25 million in contingent earn-out tied to 2026–2028 net revenue targets. Immediately after closing, Cadre also purchased certain real property from a TYR Tactical affiliate for $30 million in cash, financing the transaction with cash on hand and borrowings under its senior credit facility.

Exchange Income Corporation (EIC) acquired MnM Aircraft Component Holdings, Inc. (MACH 2) for US$43 million, funded with US$9 million in EIC common shares issued to the vendor and US$34 million in cash from EIC’s credit facility. MACH 2 will operate as a subsidiary of Regional One, Inc., strengthening Regional One’s expansion into the commercial aviation aftermarket and the global used serviceable material (USM) aircraft parts market.

Reveal Technology acquired Anomaly Six (A6) to expand its operator-focused, tactical-edge intelligence capabilities. The deal integrates Anomaly Six’s global location and behavioral-pattern digital intelligence tools with Reveal’s autonomous ecosystem, including its Farsight geospatial platform and Identifi human terrain solution. Anomaly Six will continue operating from its Northern Virginia headquarters as the capabilities are integrated in phases.

Loar Holdings completed an all-cash acquisition of Harper Engineering Company for $250 million. Harper manufactures mechanically engineered devices for aircraft interiors, including latching and securing mechanisms used across commercial aerospace platforms, and Loar expects the combination to support growth and expand Harper’s aftermarket footprint.

Auria, a provider of command, control, and communications (C3) software and solutions for advanced space and missile operations, acquired RKF Engineering Solutions and Kythera Space Solutions. The acquisitions add SATCOM engineering and spectrum management capabilities (RKF) and autonomous software-defined satellite payload management software (Kythera) to strengthen Auria’s end-to-end C3 offering for government, commercial, and national security missions. Auria is a portfolio company of Enlightenment Capital.

Falfurrias Capital Partners acquired Coherent Technical Services, Inc. (CTSi) and combined it with John H. Northrop & Associates (JHNA) and EXPANSIA Group to form a new defense and aerospace technology platform backed by Falfurrias Management Partners. The merged organization will provide end-to-end defense technology capabilities spanning digital engineering, modeling and simulation, advanced fabrication, and modernization, including CTSi’s patented MudBucket software/hardware system.

GracoRoberts acquired Miami-based Sky Mart to expand its aerospace specialty chemicals and lubricants distribution footprint across Latin America, using Miami as a regional hub. The deal adds approximately 42,000 square feet of fulfillment capacity across Miami, San Antonio, and Indianapolis and is intended to enhance AOG readiness, technical sales coverage, and Sky Mart’s access to GracoRoberts’ broader product portfolio and e-commerce capabilities. The acquisition was supported by GracoRoberts’ private equity sponsor, CM Equity Partners.

Parsons Corporation acquired Altamira Technologies Corporation, a Northern Virginia-based defense and intelligence contractor, in a transaction valued at up to $375 million. Parsons paid $330 million in cash at closing plus a potential $45 million cash earn-out payable in Q1 2027 if certain 2026 EBITDA targets are met. Altamira, headquartered in McLean, Virginia, adds advanced analytics, SIGINT, cyber operations, missile warning, and space-based mission support capabilities to Parsons’ Defense & Intelligence portfolio.

J.F. Lehman & Company (JFLCO), through an affiliate of JFL Equity Investor VI, L.P., acquired a majority shareholding in Wellman Dynamics, a Creston, Iowa-based manufacturer of large-scale magnesium and aluminum sand castings for aerospace and defense applications. TRM Equity II sold the majority interest and will retain a meaningful minority stake as JFLCO partners with Wellman for its next phase of growth. Financial terms were not disclosed.

TransDigm Group Incorporated acquired Stellant Systems Inc. from Arlington Capital Partners for approximately $960 million in cash, including certain tax benefits. Stellant, headquartered in Torrance, California, manufactures high-power electronic components serving defense, medical, space, and industrial end markets and is expected to generate about $300 million in 2025 revenue.

Intuitive Machines, Inc. completed its acquisition of Lanteris Space Systems, a spacecraft manufacturer formerly known as Maxar Space Systems. The transaction was completed for $800 million before closing adjustments, consisting of $450 million in cash and $350 million in Intuitive Machines Class A common stock, and is intended to expand Intuitive Machines’ vertically integrated space manufacturing and mission solutions capabilities.

Aurex, a Godspeed Capital-backed engineering and technology services platform serving space, hypersonics, missile defense, and orbital systems markets, acquired Alpha 2 Inc. Alpha 2, headquartered in Chantilly, Virginia, provides cryptographic engineering, cybersecurity, and engineering services supporting U.S. space, defense, and intelligence community customers. Financial terms were not disclosed.

The Blackhawk Group (TBG) acquired Silver Sky Aviation, an aircraft maintenance operation based in Wasilla, Alaska, expanding TBG’s Performance Center Network to a sixth location. Silver Sky will operate as a Blackhawk Performance Center, extending TBG’s service footprint into Alaska; financial terms were not disclosed. The Blackhawk Group is a portfolio company of New State Capital Partners.

Arxis, a portfolio company of Arcline Investment Management, acquired Micro-Tronics, Inc. (MTI), a Tempe, Arizona-based manufacturer of engineered elastomeric and metallic components for mission-critical commercial aerospace and defense applications. The deal expands Arxis’s Mechanical Components segment by adding MTI’s materials-science-driven elastomeric diaphragm seals and high-precision EDM manufacturing capabilities. Financial terms were not disclosed.

Vatn Systems, a defense technology company building autonomous underwater vehicles (AUVs), acquired Rhode Island-based Crewless Marine to bring advanced underwater acoustic sensing and signal processing capabilities in-house. The acquisition supports Vatn’s vertical integration strategy by reducing supply-chain dependencies and accelerating development of autonomous undersea systems; financial terms were not disclosed.

Netform, a portfolio company of Torque Capital Group, completed its merger with Lavalier Corporation (dba Tapemaster), a provider of precision CNC machining and inspection services. The combination expands Netform’s advanced manufacturing platform by adding CNC milling, turning, grinding, and inspection capabilities, strengthening its offering to aerospace & defense, automotive, and industrial customers.

Tenax Aerospace completed a refinancing that included the buyout of its junior capital partner, Bain Capital Credit. The transaction consolidates NTC Group, Inc.'s ownership of Tenax and brings in new junior capital providers led by AEA Private Debt, alongside additional senior debt facilities arranged by Regions Capital Markets.

Acorn Capital Management’s portfolio company Pan Am Flight Academy, LLC acquired Alliance Aviation, Inc., a Part 142 flight training organization with a strong global customer base, particularly in Latin America. Alliance will operate as a division of Pan Am under continued leadership of owner Federico Flores, expanding Pan Am’s simulator-based training capabilities and strengthening its position in the independent flight training market.

AxioAero Group, a portfolio company of CORE Industrial Partners, acquired Airway Aerospace LLC, an FAA/EASA/CAA UK-certified aviation maintenance, repair and overhaul (MRO) provider focused on accessory, airframe and powerplant component repairs. The transaction closed on December 17, 2025, and Airway will continue operating under its name and existing leadership as AxioAero’s second acquisition following Aviation Concepts (January 2024). XLCS Partners served as exclusive M&A advisor to Airway Aerospace, and Winston & Strawn LLP provided legal counsel to CORE.

Sabel Systems Technology Solutions acquired Centil to strengthen Sabel’s digital engineering capabilities and expand support for defense and commercial space missions. The deal is Sabel’s second acquisition since Sagewind Capital made a majority investment in Sabel in October.

Magnet Defense completed its acquisition of Metal Shark to combine Magnet Defense’s autonomous, AI-enabled maritime platform development with Metal Shark’s established shipbuilding footprint and production workforce. The combined company aims to accelerate the scaled production and delivery of AI-enabled unmanned surface vessels for U.S. and allied national security missions by leveraging Metal Shark’s Louisiana shipyard and manufacturing infrastructure.

AE Industrial Partners acquired a controlling interest in L3Harris Technologies’ Space Propulsion and Power Systems business, with the acquired operations to restore the historic “Rocketdyne” name. L3Harris will retain a minority investment and continue as a strategic partner; the deal covers multiple business units across five U.S. locations and includes upper-stage rocket engine programs plus in-space propulsion, nuclear power, and avionics assets. Financial terms were not disclosed.

AeroFlow Technologies, a Tinicum portfolio company, acquired G&L Tube and Evans Alloys from O'Neal Industries. The acquisitions expand AeroFlow’s welded/seamless tubing and precision-fabrication capabilities serving aerospace, defense, space, and industrial end markets; financial terms were not disclosed.

VSE Corporation closed its previously announced acquisition of GenNx/AeroRepair IntermediateCo Inc., the parent company of Aero 3, Inc., from GenNx360 Capital Partners. The transaction valued Aero 3 at $350 million in cash (subject to working capital adjustments) and expands VSE’s aviation aftermarket distribution and repair capabilities, including wheel and brake MRO and distribution.

HawkEye 360 acquired Innovative Signal Analysis (ISA), a Dallas-based provider of high-performance signal-processing technologies serving U.S. Government customers. The deal adds ISA’s advanced algorithms and edge/cloud signal-processing solutions to HawkEye 360’s RF signals intelligence platform, with ISA operating as a subsidiary after closing.

McNally Capital, alongside aerospace executive Rob Wilson, acquired Airforce Turbine Service, Ltd. (ATS), an independent global aviation services company focused on MRO for the Pratt & Whitney Canada PT6A turboprop engine family. Concurrent with the transaction, Turbine Engine Maintenance Repair and Overhaul (TEMRO) joined ATS as a wholly owned operating subsidiary, expanding ATS’s global maintenance footprint.

OpenGate Capital completed the sale of ScioTeq, a provider of ruggedized displays and mission-critical visualization/computing solutions for aviation, defense, and air traffic control markets, to the aerospace and defense fund of Tikehau Capital. OpenGate will retain a meaningful minority stake and continue to support ScioTeq in its next phase of growth.

Arcfield, a government technology and mission support provider headquartered in Chantilly, Virginia, has completed its acquisition of Rite-Solutions, a Rhode Island-based software development, systems engineering, and IT provider serving U.S. government customers. The combination is intended to expand Arcfield’s national security capabilities, adding Rite-Solutions’ undersea warfare and naval systems expertise to Arcfield’s existing strengths in areas such as nuclear surety and missile engineering.

Amca, a Los Angeles-based aerospace and defense company, acquired Aerospace Control Products, Inc. (ACPI), a Davenport, Iowa manufacturer of flight-critical pressure and liquid-level switches and related sensing components. The deal expands Amca’s hydraulics-focused components platform and adds custom pressure measurement capabilities used across major commercial aircraft programs such as the Airbus A320 and Boeing 737 MAX. Shedd Capital advised on the transaction; financial terms were not disclosed, and ACPI president/former owner Aaron Ellis will remain involved in leadership during integration.

Applied Aerospace and PCX Aerosystems announced a merger to combine their aerospace and defense manufacturing capabilities. The combined organization will operate under the name Applied Aerospace & Defense, creating a larger supplier of precision hardware, structures, and complex assemblies for aircraft, rotorcraft, satellites, launch vehicles, and missile defense.

Precision Aviation Group, Inc. (PAG) announced the acquisition of H.E.R.O.S. Inc., a Rolls-Royce M250/RR300 turbine engine maintenance, repair, and overhaul (MRO) provider. H.E.R.O.S., founded in 1988 and headquartered in Chandler, Arizona, adds specialized engine MRO capacity and expands PAG’s geographic footprint and M250/RR300 support facilities.

ONE Bow River National Defense Fund made a strategic investment in Odyssey Space Research, LLC, a provider of spaceflight software and engineering services. The investment is intended to support Odyssey’s continued growth, including expansion with existing government and commercial customers, entry into new mission areas, and further investment in proprietary tools and software.

Torque Capital Group acquired Joe Gibbs Manufacturing Solutions from Joe Gibbs Racing and rebranded the business as JGA Space & Defense. The company is repositioning from its performance racing roots to become a focused supplier to the space and defense sectors, including specialty composites, solid rocket motor propulsion assemblies, and precision-machined aerospace and defense components. Torque Capital plans to provide financial and operational support to accelerate growth, including expanding manufacturing capacity in Huntersville, North Carolina.

McNally Capital merged its portfolio company Quiet Professionals with Spathe Systems to form a new defense technology platform focused on expanding support for U.S. Special Operations Forces and the broader defense community. McNally partnered with Nio Advisors on the transactions, and the combined company will be led by Quiet Professionals CEO Andy Wilson.

Industrial Growth Partners, through Industrial Growth Partners VI, L.P., acquired Marki Microwave, LLC in partnership with the Marki family and company management. Marki Microwave, founded in 1991 and headquartered in Morgan Hill, California, manufactures high-performance RF and microwave components used in high-reliability communications systems across aerospace & defense, test and measurement, and other demanding end-markets.

Voyager Technologies (NYSE: VOYG) has completed the acquisition of Estes Energetics, a U.S. manufacturer of energetics, propulsion materials, and specialized chemical compounds used in missile defense and tactical munitions. The deal expands Voyager’s presence in high-growth propulsion and energetics markets and provides greater end-to-end control over production, certification, and quality assurance, strengthening domestic supply chain resiliency and surge capacity.

Palladyne AI Corp. announced it has acquired GuideTech LLC and two Crucis companies—Warnke Precision Machining and MKR Fabricators—to form a new operating division, Palladyne Defense. The combined transaction value is approximately $31 million (stock, cash, and assumed debt) plus a potential earnout of up to $25 million tied to GuideTech revenue performance over five years.

AFM Capital Partners’ portfolio company Pro Products Holdings LLC acquired Owens Industries, LLC as an add-on acquisition. Owens Industries, headquartered in Oak Creek, Wisconsin, provides ultra-precision, high mix/low volume CNC machining solutions for mission-critical applications, serving customers across aerospace & defense and space markets.

ARMADA Parent Inc., an outsourced U.S. Navy ship repair and construction solutions provider majority owned by Carlyle and Stellex Capital Management, acquired Poseidon Industrial LLC. Poseidon, based in Virginia Beach, Virginia, provides mechanical, electrical, and systems integration services supporting U.S. Navy and defense modernization and repair projects, expanding ARMADA’s maritime and defense support capabilities.

Jet Parts Engineering (JPE) announced the acquisition of Cima Aviation, an MRO provider specializing in fuel and hydraulic component repairs. The deal expands JPE’s maintenance and aftermarket capabilities, improving service breadth, turnaround times, and technical support for its global aircraft customer base. JPE is a portfolio company of Vance Street Capital, which oversaw the transaction.

XTI Aerospace acquired Drone Nerds, a major United States drone distributor and UAS solutions/service provider, with the deal closing on November 10, 2025. The purchase price was approximately $40 million, comprising cash, promissory notes (including working-capital adjustments), and equity consideration convertible into XTI common shares beginning in May 2026. Following the acquisition, XTI also completed a separate $25 million strategic private placement investment from Unusual Machines to support expansion of XTI’s vertical flight and unmanned aircraft systems portfolio.

Anduril Industries acquired American Infrared Solutions (AIRS), a U.S.-based manufacturer of high-performance cooled infrared cameras and components. Financial terms were not disclosed, and AIRS will continue serving its existing customers from its New Hampshire facilities while its hardware is further integrated into Anduril’s sensing and imaging product lines.

Aero Products Company acquired Third Stone Inc. in October 2025 to expand its aerospace manufacturing capabilities, particularly in advanced sewn and complex fabric assemblies. Following the transaction, Third Stone will operate as a division of Aero Products Company, broadening the combined offering across aerospace and defense manufacturing services.

AAR Corp. acquired HAECO Americas from HAECO Group for $78 million in an all-cash transaction, subject to customary adjustments. The deal expands AAR’s North American heavy aircraft maintenance, repair and overhaul (MRO) footprint by adding facilities in Greensboro, North Carolina and Lake City, Florida, and supports growth of AAR’s Repair & Engineering segment. In connection with the acquisition, AAR also secured multi-year heavy maintenance contracts with key customers totaling over $850 million in sales.

Valence Surface Technologies LLC acquired Foresight Finishing, a provider of precious-metal surface treatment and plating services for highly engineered aerospace and defense products. Foresight, founded and operated by Casey and Joe Weizel, operates a single facility in Tempe, Arizona with approximately 110 employees; financial terms were not disclosed. The deal is an add-on acquisition for the Valence platform, which is majority-owned by ATL Partners and British Columbia Investment Management Corporation (BCI).

Voyager Technologies acquired ExoTerra Resource, a developer of advanced electric propulsion systems, to strengthen its U.S.-based propulsion offerings for defense and commercial space missions. The deal adds ExoTerra’s flight-proven Halo thruster technology and related propulsion modules, helping Voyager close a critical propulsion capability gap and accelerate domestic manufacturing scale-up in support of initiatives such as Golden Dome.

Karman Space & Defense (Karman Holdings, Inc.) acquired Five Axis Industries Inc., a Washington-based supplier of highly engineered engine subsystems for major commercial space programs. The purchase price was approximately $88 million, consisting of $83 million in cash and about $5 million in Karman common shares, and the transaction closed on October 28, 2025. The deal expands Karman’s propulsion and launch systems capabilities, adding specialized nozzle/fuel system engineering and proprietary 3D-printed Inconel-related technologies.

Hughes Network Systems, LLC, an EchoStar company, acquired Anderson Connectivity, an aerospace design, engineering, and manufacturing services provider based in Melbourne, Florida. The deal expands Hughes’ aviation, space, and defense capabilities, adding engineering talent and product solutions, and includes Hughes taking over Anderson Connectivity’s Melbourne facility.

Threadlock Precision, backed by The D. E. Shaw Group, announced the acquisition of J&F Machine, a CNC machining business serving aerospace, defense, and commercial markets. The deal expands Threadlock Precision’s U.S. precision manufacturing network and supports modernization and growth for J&F Machine’s operations.

Sigma Defense Systems LLC acquired Aries Defense, a defense technology company specializing in tactical video and sensor integration for capturing and distributing UAV and unattended sensor data. The deal expands Sigma Defense’s tactical-edge ISR and CJADC2 capabilities by integrating Aries Defense’s edge ISR products into Sigma’s Olympus DevSecOps-enabled ecosystem to improve secure, real-time sharing of ISR video and sensor data across the joint force.

Forterra announced the acquisition of goTenna, a provider of tactical mobile mesh networking solutions. The deal is intended to accelerate Forterra’s autonomous mission systems by integrating secure, resilient communications for disconnected, denied, and contested environments. Barclays served as exclusive financial advisor to goTenna on the transaction.

TransDigm Group Incorporated completed the acquisition of the Simmonds Precision Products, Inc. business of Goodrich Corporation from RTX Corporation for approximately $765 million in cash (including certain tax benefits). Simmonds designs and manufactures fuel & proximity sensing and structural health monitoring solutions for aerospace and defense markets and is headquartered in Vergennes, Vermont. TransDigm financed the transaction using cash on hand.

Intuitive Machines, Inc. completed its previously announced acquisition of KinetX, Inc., a provider of deep space navigation, systems engineering, and constellation mission design. The stock acquisition was valued at $30 million before closing adjustments, consisting of approximately $15 million in cash and about 1,400,000 shares of Intuitive Machines common stock. The deal is intended to strengthen Intuitive Machines’ space data relay and navigation capabilities for lunar and interplanetary missions.

AAR Corp. acquired American Distributors Holding Co., LLC (ADI), a distributor of components and assemblies, for $146 million in an all-cash transaction funded through AAR’s revolving credit facility. ADI will be integrated into AAR’s Parts Supply segment, expanding AAR’s new-parts distribution product lines and OEM relationships across aerospace and defense markets.

Vitesse Systems, backed by private equity firm Trive Capital, acquired Spacetime Engineering Inc., a provider of high-performance antenna feeds for ground-based satellite and gateway antenna systems. The deal expands Vitesse’s multi-band ground antenna capabilities for military and commercial satellite networks and strengthens its space and airborne solutions portfolio.

Dallas Opportunity Partners, a Texas-based family office investment group, announced it has acquired B&S Aircraft Alloys, a global distributor of high-performance metal alloys serving aerospace, defense, and energy-related end markets. B&S will continue operating under its existing name and management team, while Dallas Opportunity Partners plans to modernize the company’s digital infrastructure and expand its sales footprint. Financial terms were not disclosed.

Safran Defense and Space, Inc. (Safran DSI) acquired Attollo Engineering, a Camarillo, California-based developer of compact infrared imaging systems and laser sensing technologies. The deal expands Safran DSI’s advanced imaging and sensing product capabilities for defense, aerospace, and commercial applications, with Attollo continuing to operate as a merchant supplier post-acquisition.

Trive Capital formed a new advanced materials platform, Canopy Aerospace & Defense (Canopy A&D), by combining manufacturers Hera Technologies Inc. and MSM Industries Inc. along with an R&D hub, Canopy Aerospace Inc. The vertically integrated company will provide signature-reducing, insulative/absorptive materials plus engineering, manufacturing, and refurbishment services for aerospace, space, and defense OEMs, and will be led by CEO Dr. Marco Villa.

Main Street Capital Corporation completed a $45.0 million new portfolio investment to facilitate the minority recapitalization of a leading specialty aircraft distributor headquartered in the Southeastern United States. The investment was made in partnership with the company’s CEO/sole owner and includes a combination of first-lien senior secured debt and a direct minority equity investment.

The Advanced Manufacturing Company of America (Amca) acquired Cal-Draulics, an engineering-focused supplier of high-precision aerospace hydraulic products based in Corona, California. Cal-Draulics was previously owned and led by Doug and Jeanette Johnson, with Doug Johnson joining Amca’s engineering team following the transaction. Shedd Capital served as an advisor on the deal.

General Atomics has acquired the business of MLD Technologies, LLC, a developer and producer of high-performance optical coatings and components used primarily in aerospace and defense applications. Headquartered in Mountain View, California, MLD will be integrated into General Atomics Electromagnetic Systems (GA-EMS) to support innovation and production for high-power laser and directed-energy weapon systems.

Pasteur Labs acquired FOSAI, an aerospace and defense-focused autonomy and space systems solutions provider, to accelerate adoption of AI-driven physics simulation for critical and dual-use applications. The deal combines Pasteur Labs’ Simulation Intelligence platform (integrating AI/ML with physics simulation) with FOSAI’s systems integration and mission-critical deployment experience for customers such as the US Space Force and DARPA. Financial terms were not disclosed.

BTX Precision, a portfolio company of L Squared Capital Partners, acquired High Tech Solutions LLC (HTS), a Kansas City-based precision manufacturer of aerospace components serving commercial, business jet, and space end markets. The deal is BTX’s 10th acquisition since inception and expands BTX’s customer base, program diversity, and geographic reach while strengthening its proximity to major aerospace and defense customers.

BTX Precision acquired High-Tech Solutions (HTS), a Lee's Summit, Missouri-based advanced machining and manufacturing company serving commercial aerospace, military, and space markets. Janes Capital Partners acted as exclusive sell-side advisor to HTS on the transaction, which represents BTX Precision’s seventh acquisition since its inception in 2023.

Pursuit Aerospace, a global manufacturer of complex aircraft engine components, announced the acquisition of Aeromet International from Privet Capital. The deal expands Pursuit’s casting capabilities by adding aluminum and magnesium light-alloy investment and sand-casting expertise, strengthening its offering to Aerospace & Defense customers.

Signia Aerospace, a portfolio company of Arcline Investment Management, acquired Precise Flight, Inc., a designer and manufacturer of aviation safety and performance systems. Precise Flight is headquartered in Bend, Oregon and produces aviation oxygen systems, speedbrakes, precision lighting (Pulselite System), and custom tube fabrication for OEM and aftermarket customers across commercial and general aviation. Mesirow served as exclusive financial advisor to Precise Flight on the sale.

Infineon Technologies AG completed its $2.5 billion all-cash acquisition of Marvell Technology, Inc.'s Automotive Ethernet business, a deal announced in April 2025 and closed in mid-August 2025 after receiving regulatory approvals. The acquired business (including Marvell's Brightlane Automotive Ethernet portfolio) will be integrated into a newly created "Ethernet Solutions" business line within Infineon’s Automotive division to strengthen Infineon’s capabilities in software-defined vehicles and related applications.

Rocket Lab Corporation completed the acquisition of the parent holding company of Geost, LLC from Lightridge Solutions (a portfolio company of ATL Partners) for $275 million (before closing adjustments). Consideration included approximately $125 million in cash and 3,057,588 shares of Rocket Lab common stock, plus a potential earnout of up to $50 million tied to future revenue targets. The deal adds Geost’s electro-optical and infrared payload/sensor systems for national security space missions, with operations continuing in Arizona and Virginia.

Rocket Lab USA, Inc., a subsidiary of Rocket Lab Corporation, acquired Geost, LLC from ATL Partners’ portfolio company LightRidge Solutions. Geost provides electro-optical/infrared (EO/IR) sensing systems and payloads for national security space missions, enhancing Rocket Lab’s integrated offerings for defense and intelligence customers. Following the sale, ATL Partners is repositioning the remaining LightRidge divisions—Trident Systems and Ophir Corporation—under a new defense electronics platform named Trident Solutions.

Voyager Technologies (NYSE: VOYG) acquired ElectroMagnetic Systems, Inc. (EMSI), a California-based developer of AI/ML-driven automated target recognition software and intelligence analytics for space-based radar systems. The acquisition is intended to strengthen Voyager’s AI-enabled intelligence, surveillance and reconnaissance (ISR) capabilities across defense, intelligence, and commercial markets.

Barnes Aerospace completed the acquisition of East Hartford Operations (EHO), a division of ATI Forged Products within ATI Inc., expanding Barnes’ capabilities in machining flight-safety-critical rotating hardware for commercial and defense aerospace. The East Hartford, Connecticut-based EHO facility manufactures components such as rotor hubs, rotorcraft components, and jet engine discs. Mesirow served as exclusive financial advisor to ATI on the divestiture.

EOTECH acquired VK Integrated Systems (VKIS), a Clarksville, Tennessee-based developer of advanced weapon electronics and battlefield networking solutions. The deal expands EOTECH beyond optics into tactical networking, TAK-based situational awareness software, weapon-mounted sensors, and edge-computing systems supporting battlefield digitization and C5ISR at the tactical edge.

Valence Surface Technologies LLC acquired C.I.L. Metal Finishing and C.I.L. Electroplating (collectively, “CIL”), a Lawrence, Massachusetts-based provider of aerospace and defense surface treatment services. The deal expands Valence’s engineered finishing capabilities and Northeast U.S. footprint; CIL’s management team will remain in place, with founder Jim Coskren continuing as Vice President. Valence closed the acquisition alongside a refinancing to provide additional capacity for future acquisitions.

Bron Tapes Holding (Bron), a Rotunda Capital Partners portfolio company, acquired NSL Aerospace, an aerospace-approved liquid adhesives and sealants distribution and repackaging business based in Magnolia, Texas. NSL will continue operating under its existing brand as a division of Bron Aerotech, expanding Bron’s aerospace materials portfolio and technical capabilities. The transaction closed on July 31, 2025.

Heads Up Technologies (HUT) acquired cabin management system (CMS) specialist Innovative Advantage to expand its proprietary cabin technology capabilities for business jets. Innovative Advantage’s AVDS CMS infrastructure platform is installed on more than 2,000 aircraft and will complement HUT’s lighting and integrated cabin control expertise; the deal marks HUT’s third acquisition in three years following STG Aerospace (2022) and Alto Aviation (2023).

Alpha Metalcraft Group (AMG), a portfolio company of Industrial Growth Partners, acquired Hanmar, LLC as its first add-on acquisition following IGP’s July 2024 acquisition of AMG. Hanmar, headquartered in Pacoima, California, manufactures complex thin-walled specialty-alloy parts and assemblies for commercial aerospace, defense, and space applications using processes including metal spinning and deep draw metal forming. The acquisition closed on May 6, 2025.

HEICO Corporation, through its Electronic Technologies Group, acquired Gables Engineering in an all-cash transaction for an undisclosed amount. Gables Engineering is a designer and manufacturer of advanced avionics controls (including navigation, audio, surveillance, and communication panels) headquartered in Coral Gables, Florida. HEICO expects the deal to be accretive to earnings within one year and to support continued investment in flight deck technology R&D.

Amphenol Corporation acquired Narda AcquisitionCo., Inc. (Narda-MITEQ) from investment affiliates of J.F. Lehman & Company. Narda-MITEQ designs and manufactures advanced RF and microwave components and subsystems used in defense and commercial applications including electronic warfare, signals intelligence, radar, communications, and test & measurement. Financial terms were not disclosed.

Gladstone Investment acquired Global GRAB Technologies in a transaction financed with $67.6 million of equity and senior secured debt. Global GRAB, headquartered in Franklin, Tennessee, provides perimeter security and hostile vehicle mitigation systems for government and commercial clients.

Aerox Aerospace Group, parent of Aerox Aviation Oxygen Systems, announced the acquisition of N23D Services, LLC, a provider of value-added FAA-PMA aftermarket gas cylinders for aerospace oxygen and compressed gas systems serving commercial, business, and military aviation customers. N23D Services will operate as a wholly owned subsidiary of Aerox Aviation Oxygen Systems, expanding Aerox’s FAA-PMA oxygen and compressed gas cylinder product lines and complementing the group’s recent acquisition of Omnigas Systems, Inc.

Novaria Group acquired Precision Aero Corp (PAC), a subsidiary of Precision Products Machining Group, LLC (PPMG). PAC, headquartered in Troy, Ohio, manufactures fusible plugs and specialty aftermarket components for safety-critical aerospace wheel and brake applications; financial terms were not disclosed.

IonQ completed its acquisition of Capella Space Corporation, a U.S. space technology company providing synthetic aperture radar (SAR) and satellite solutions. IonQ plans to integrate Capella’s deployed satellite infrastructure with its quantum technology to develop a space-based quantum key distribution (QKD) network for quantum-secure global communications and to enable a quantum-enabled Earth observation platform.

Moog Inc. acquired COTSWORKS Inc. for $63 million, paid with a combination of cash and Moog Class A common stock (subject to customary purchase price adjustments). COTSWORKS designs and manufactures ruggedized fiber optic transceiver components and assemblies used in major aerospace and defense programs, and the deal expands Moog’s Space and Defense component portfolio and high-performance connectivity capabilities.

Astronics Corporation acquired Envoy Aerospace, an FAA Organization Designation Authorization (ODA) services provider, for approximately $8 million. The deal adds nine employees and expands Astronics’ in-house FAA certification capabilities to support aircraft connectivity, in-seat power, and cabin modification programs, including streamlining the path to Supplemental Type Certificates (STCs) and Parts Manufacturer Approvals (PMAs).

AFC Industries, a fasteners distributor and vendor-managed inventory provider, acquired Cavanaugh Government Group (CGC). Chicago-based CGC specializes in sourcing and distributing parts and services for military, defense, and broader government-sector logistics; financial terms were not disclosed.

Parsons Corporation acquired Chesapeake Technology International, Corp (CTI) for $89 million. CTI, a portfolio company of Bluestone Investment Partners, strengthens Parsons’ electromagnetic warfare and all-domain technology solutions for U.S. defense customers and will be aligned with Parsons’ Defense & Intelligence business unit.

Lockheed Martin has closed its acquisition of Amentum’s Rapid Solutions business/portfolio. The deal adds radar and payload technologies and related engineering capabilities, which will be integrated into Lockheed Martin Space to strengthen its space and airborne mission offerings supporting national security missions.

Wynnchurch Capital, L.P. sold Northstar Aerospace to GE Aerospace. Northstar Aerospace, headquartered in Bedford Park, Illinois, manufactures flight-critical and non-flight-critical components for military and commercial aircraft, including gears, housings, assemblies, and shafts used in helicopter transmission systems.

Signicast, a Form Technologies company, acquired FS Precision in a strategic move to add titanium casting capabilities and expand its aerospace and defense offerings. The deal includes FS Precision’s intellectual property and specialized equipment, which Signicast has upgraded and is now leveraging at its Hutchins, Texas facility to support titanium and vacuum alloy manufacturing as well as related machining and assembly services.

Tool-Gauge and Machine Works, Inc., a Tacoma, Washington-based aerospace components manufacturer, sold its assets to DEMGY Pacific, LLC, a member of DEMGY Group. The deal expands DEMGY’s aerospace assembly capabilities and global footprint. CriticalPoint served as exclusive financial advisor to Tool-Gauge on the transaction.