Aerospace & Defense Buyout Acquisitions in 2016
Acquisition Volume in Aerospace & Defense Buyout in 2016 by Year
Last 5 years
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December 22, 2016
- Buyer
- Advanced Integration Technology (AIT)
- Target
- Nova-Tech Engineering
- Industry
- Aerospace & Defense
- Location
- Washington, United States
- Type
- Buyout
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.
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November 3, 2016
- Buyer
- Mercury Systems, Inc.
- Target
- CES Creative Electronic Systems, S.A. (CES)
- Industry
- Aerospace & Defense
- Location
- Geneva, Switzerland
- Type
- Buyout
Mercury Systems agreed to acquire CES Creative Electronic Systems, S.A., a Geneva-based provider of safety-certifiable mission computing and avionics subsystems, for approximately $38 million. The deal (expected to close in Mercury's fiscal Q2 ending Dec. 31, 2016) expands Mercury's mission-computing and safety-critical avionics capabilities and broadens its addressable markets in commercial aerospace and defense globally.
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September 29, 2016
- Buyer
- Anritsu Corporation
- Target
- Azimuth Systems, Inc.
- Industry
- Aerospace & Defense
- Location
- Massachusetts, United States
- Type
- Buyout
Anritsu Corporation acquired Azimuth Systems, Inc., a provider of RF channel emulation and real-world wireless performance test solutions, in a deal announced September 29, 2016. Azimuth will become a subsidiary of Anritsu as the buyer integrates Azimuth's IP and product portfolio to expand its 5G/IoT wireless test and measurement capabilities; the purchase price was not disclosed.
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September 26, 2016
- Buyer
- Acorn Growth Companies, Congruent Investment Partners, Independent Bankers Capital Funds, Omega Capital, Arvest Bank
- Target
- Raisbeck Engineering Inc.
- Industry
- Aerospace & Defense
- Location
- Washington, United States
- Type
- Buyout
Acorn Growth Companies has acquired Raisbeck Engineering Inc., a Seattle-based developer and manufacturer of aircraft performance improvement systems. Participating financing and investment partners included Congruent Investment Partners, Independent Bankers Capital Funds, Omega Capital and Arvest Bank. Founder James D. Raisbeck will remain as chairman and the company will continue to operate under its brand; financial terms were not disclosed.
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August 24, 2016
- Buyer
- Odyssey Investment Partners
- Target
- Aero Precision Industries LLC
- Seller
- Greenwich AeroGroup, Inc., Berkley Capital, LLC, W. R. Berkley Corporation
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Buyout
Odyssey Investment Partners has acquired Aero Precision Industries LLC from Greenwich AeroGroup, a portfolio company of Berkley Capital (W. R. Berkley). Aero Precision, headquartered in Livermore, California with additional locations in San Francisco, Austin and Japan, is a distributor of military and commercial aerospace parts and provides MRO and repair/overhaul services; the deal was announced in mid-2016.
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July 25, 2016
- Buyer
- Air T, Inc., Contrail Aviation Support, LLC (New Contrail)
- Target
- Contrail Aviation Support, Inc.
- Seller
- Contrail Aviation Support, Inc., Joseph Kuhn
- Industry
- Aerospace & Defense
- Location
- Wisconsin, United States
- Type
- Buyout
Air T, Inc. (NASDAQ: AIRT) completed an asset purchase of Contrail Aviation Support, Inc., a Verona, Wisconsin-based supplier of surplus and aftermarket commercial jet engine components. The business was acquired by a newly formed Air T subsidiary (New Contrail), with Joseph Kuhn appointed CEO and all Contrail employees retained to continue operations in Verona.
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July 12, 2016
- Buyer
- Randal Bellestri
- Target
- Models & Tools Holdings, Inc.
- Seller
- Altus Capital Partners
- Industry
- Aerospace & Defense
- Location
- Michigan, United States
- Type
- Buyout
Randal Bellestri has acquired Models & Tools Holdings, Inc., a Shelby Township, Michigan-based designer and manufacturer of turnkey tooling systems for the aerospace and defense industries. Models & Tools was previously a portfolio company of Altus Capital Partners; Angle Advisors served as the exclusive advisor on the transaction.
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