Avantus Aerospace Acquires Fastener Innovation Technology (FIT)

Shimtech Industries Acquires Fastener Technology Corp

December 16, 2019

Aerospace & Defense

Shimtech Industries, a PE-backed aerospace components platform, has acquired Fastener Technology Corp. (FTC), a North Hollywood supplier of high-strength specialty fasteners for commercial and military aerospace customers. FTC will remain led by its existing management team and will integrate with Shimtech's aerospace divisions to expand manufacturing capacity and product offerings.

Avantus Aerospace Acquires California Screw Products

October 6, 2020

Aerospace & Defense

Avantus Aerospace, a portfolio group owned by Inflexion and Auctus Industries, has acquired California Screw Products (CalScrew), a Paramount, California-based manufacturer of high-strength aerospace fasteners. The acquisition is an add-on to Avantus's C-Class and fastener portfolio intended to expand capabilities and serve commercial and military aerospace customers; CalScrew's existing management will remain in place.

Universal Fiber Systems Acquires FIT (Fiber Innovation Technology)

March 27, 2025

Manufacturing

Universal Fiber Systems LLC has acquired FIT (formerly Fiber Innovation Technology), a Johnson City, Tennessee-based specialty fiber manufacturer. The acquisition is intended to expand Universal Fiber Systems' production capacity, broaden its fiber technology capabilities, and integrate FIT's team and product offerings into its portfolio.

Advanced Integration Technology Acquires Nova-Tech Engineering

December 22, 2016

Aerospace & Defense

Advanced Integration Technology (AIT) announced an investment to acquire Nova-Tech Engineering, a Lynnwood, Washington-based designer and integrator of aerospace assembly automation, materials handling and friction-stir welding equipment. Nova-Tech will operate as a distinct business line within AIT, expanding AIT’s aerospace automation capabilities and international footprint; financial terms were not disclosed.

QinetiQ US to Acquire Avantus Federal from NewSpring Holdings

May 8, 2022

Cybersecurity

QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc, entered into a definitive agreement to acquire Avantus Federal from NewSpring Holdings for an enterprise value of $590 million. The combined platform is intended to expand offerings for U.S. defense and intelligence customers across cyber, data analytics, and software development, with closing expected by the end of calendar year 2022 subject to regulatory approvals.

Avem Partners Acquires FMI Aerostructures

April 15, 2025

Aerospace & Defense

Avem Partners, with capital support from True West Capital Partners, a prominent family office and other investors, closed the acquisition of substantially all assets of Dynamic Aerostructures, Inc. (doing business as FMI Aerostructures) via a court-supervised Section 363 sale following the company's Chapter 11 filing. Avem intends to stabilize operations at FMI's 226,000-square-foot Valencia, California manufacturing facility, leverage customer relationships with major aerospace OEMs, and expand its aerospace and defense manufacturing footprint.