Aerospace & Defense Buyout Acquisitions in 2022
Acquisition Volume in Aerospace & Defense Buyout in 2022 by Year
Last 5 years
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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 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
- 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 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 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 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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- 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 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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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
- 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 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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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 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 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
- 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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- 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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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
- 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 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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July 5, 2022
- Buyer
- Evolito
- Target
- Electroflight
- Industry
- Aerospace & Defense
- Location
- Gloucestershire, United Kingdom
- Type
- Buyout
Oxford-based electric propulsion company Evolito has acquired Cheltenham-based aerospace battery specialist Electroflight, with Electroflight becoming a wholly owned subsidiary. The deal brings battery systems together with Evolito's high-performance axial-flux motors and controllers to offer fully integrated electric powertrain solutions for electric aviation.
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- Buyer
- Curtiss‑Wright Corporation
- Target
- Safran Aerosystems Arresting Company
- Seller
- Safran
- Industry
- Aerospace & Defense
- Location
- Pennsylvania, United States
- Type
- Buyout
Curtiss-Wright Corporation completed the acquisition of the Safran Aerosystems Arresting Company (SAA) for $240 million in cash. SAA, a designer and manufacturer of fixed‑wing aircraft emergency arresting systems with operations in Aston, Pennsylvania and Merpins, France, generated approximately $70 million of sales in 2021, employs nearly 140 people, and will operate within Curtiss‑Wright’s Naval & Power segment.
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- Buyer
- Rafael Advanced Defense Systems Ltd., Rafael USA, Inc.
- Target
- PVP Advanced EO Systems, Inc.
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Buyout
Rafael Advanced Defense Systems Ltd. has acquired PVP Advanced EO Systems, Inc., a Tustin, California–based developer and manufacturer of electro-optical systems. Terms were not disclosed; Rafael said the acquisition will strengthen its U.S. manufacturing footprint and supply chain to better support U.S. prime contractors and warfighters.
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- Buyer
- Karman Space & Defense, Trive Capital, Cornerstone Research Group, Inc.
- Target
- MG Resin family of technologies
- Seller
- Cornerstone Research Group, Inc.
- Industry
- Aerospace & Defense
- Location
- Ohio, United States
- Type
- Buyout
Karman Space & Defense, backed by private equity firm Trive Capital, acquired the MG Resin family of ultra-high temperature resin technologies from Cornerstone Research Group (CRG). The deal expands Karman's vertically integrated composite and carbon/carbon manufacturing capabilities for aerospace, defense and hypersonic applications and aims to accelerate commercialization of high-temp materials for OEMs in those supply chains.
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June 15, 2022
- Buyer
- SEMPRE.ai
- Target
- NewSpace Networks
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Buyout
SEMPRE.ai has acquired NewSpace Networks to integrate satellite networking, AI-driven optimization and edge-computing capabilities into its survivable private 5G and hardened micro-edge datacenter offerings. The founders of NewSpace Networks join SEMPRE's executive team as the companies combine capabilities to support Department of Defense, allied nations and commercial customers; financial terms were not disclosed.
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June 10, 2022
- Buyer
- Enjet Aero
- Target
- Integral Industries, Inc.
- Seller
- Ed Mascolo
- Industry
- Aerospace & Defense
- Location
- Connecticut, United States
- Type
- Buyout
Enjet Aero has acquired Integral Industries, Inc., a Newington, Connecticut-based manufacturer of components and assemblies for commercial and military aircraft engines. The deal expands Enjet Aero’s North American manufacturing footprint to nine locations and increases its capacity and presence on premier engine platforms; Integral’s owner Ed Mascolo will continue as president of the Newington operation.
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June 2, 2022
- Buyer
- Electra.aero, Inc.
- Target
- Airflow.aero, Inc.
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Buyout
Electra.aero, a developer of hybrid-electric eSTOL airplanes, has acquired California-based Airflow.aero to consolidate blown-lift eSTOL technology, talent, and backlog under the Electra brand. The acquisition expands Electra's technical capabilities and sales pipeline in the advanced air mobility market and raises its order book to nearly 800 units.
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May 31, 2022
- Buyer
- Allied Motion Technologies Inc.
- Target
- FPH Group
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Type
- Buyout
Allied Motion Technologies Inc. acquired FPH Group, a Canada-based developer of electrical drive systems and lightweight composite technologies for ground-based defense vehicles. The deal expands Allied Motion's capabilities and defense market penetration by adding FPH's engineering, prototyping and production expertise; financial terms were not disclosed.
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May 24, 2022
- Buyer
- Tricoastal Ventures, LLC
- Target
- Central Flying Service
- Seller
- Holbert family
- Industry
- Aerospace & Defense
- Location
- Arkansas, United States
- Type
- Buyout
Tricoastal Ventures, a capital investment firm focused on commercial aviation, acquired 100% of Central Flying Service from the Holbert family. The Little Rock-based general aviation services provider will be led by Phil Jordan (CEO) and Herb Knight (COO) under Tricoastal ownership and will pursue expansion of locations, adjacent markets and maintenance work for sister brands.
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May 23, 2022
- Buyer
- Parsons Corporation
- Target
- Xator Corporation
- Industry
- Aerospace & Defense
- Location
- Virginia, United States
- Type
- Buyout
Parsons Corporation has completed the acquisition of Xator Corporation in a transaction valued at approximately $400 million. The deal expands Parsons' capabilities and customer access in critical infrastructure protection, C4ISR, cyber, biometrics and counter-UAS, and will integrate Xator into Parsons' engineered systems business unit; Xator has more than 900 employees and is headquartered in Reston, Virginia.
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- Buyer
- Latécoère
- Target
- Malaga Aerospace, Defense & Electronics Systems (MADES)
- Seller
- American Industrial Acquisition Corporation (AIAC), Malaga Electronic Systems Holding Company (MESH)
- Industry
- Aerospace & Defense
- Location
- Andalusia, Spain
- Type
- Buyout
Latécoère has completed the acquisition of Malaga Aerospace, Defense & Electronics Systems (MADES) from American Industrial Acquisition Corporation (AIAC) via affiliate Malaga Electronic Systems Holding Company (MESH). The deal strengthens Latécoère's interconnection systems capabilities and advances its position in the U.S. defense market, reinforcing the Group's leadership in avionic racks.
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May 17, 2022
- Buyer
- Micross Components
- Target
- PAAL Technologies
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Buyout
Micross Components has acquired PAAL Technologies, a U.S.-based supplier of MIL-STD-1553 data bus couplers, harness assemblies and RF/wideband transformers. The acquisition expands Micross's high-reliability components portfolio and gives PAAL customers single-source access to Micross's end-to-end microelectronic services and broader product lines.
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May 9, 2022
- Buyer
- Zanite Acquisition Corp. (now Eve Holding, Inc.), Embraer S.A., Consortium of PIPE investors (including Acciona, Azorra Aviation, BAE Systems, Bradesco BBI, Falko Regional Aircraft, Republic Airways, Rolls-Royce, SkyWest, Space Florida, Thales USA, and Zanite's sponsor)
- Target
- EVE UAM, LLC (Eve)
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Buyout
Zanite Acquisition Corp. closed its previously announced business combination with EVE UAM, LLC, a subsidiary of Embraer S.A., and changed its name to Eve Holding, Inc., with common stock expected to trade on the NYSE under the symbol EVEX. An upsized $357 million PIPE also closed, including a $185 million investment from Embraer and contributions from a consortium of financial and strategic investors to provide growth capital and strategic support for Eve's Urban Air Mobility development.
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May 6, 2022
- Buyer
- RESIDCO
- Target
- Brown Aviation Lease
- Seller
- Brown Aviation Lease
- Industry
- Aerospace & Defense
- Location
- Massachusetts, United States
- Type
- Buyout
RESIDCO, a Chicago-based rail and aircraft leasing firm, acquired all assets of Brown Aviation Lease — including 31 aircraft on lease and five orders due in 2022 — to launch a dedicated flight training aircraft leasing platform. The transaction adds modern training aircraft (predominantly Cessna 172 Skyhawks, average fleet age ~4 years) to RESIDCO’s portfolio and aims to expand its leasing solutions for flight schools and university aviation programs.
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May 5, 2022
- Buyer
- Latécoère
- Target
- Avcorp Industries Inc.
- Industry
- Aerospace & Defense
- Location
- Canada
- Type
- Buyout
Latécoère entered into a definitive arrangement agreement to acquire Avcorp Industries Inc. for CAD$0.11 per share in a cash deal valued at approximately CAD$41 million. The transaction strengthens Latécoère’s Aerostructures business by expanding North American manufacturing footprint and increasing exposure to defense and key aircraft platforms such as the B737 Max and F-35.
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- Buyer
- Bristow Group Inc.
- Target
- British International Helicopter Services Limited
- Seller
- Rigby Group
- Industry
- Aerospace & Defense
- Location
- United Kingdom
- Type
- Buyout
Bristow Group Inc. agreed to acquire British International Helicopter Services Limited (BIH) in an all-cash transaction to strengthen and expand Bristow's government services and UK operations. The deal adds BIH's fleet and experienced team to Bristow's vertical-lift capabilities and is expected to close after regulatory approvals in Q3 2022.
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April 18, 2022
- Buyer
- Textron Inc.
- Target
- PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o., PIPISTREL ITALIA S.R.L.
- Industry
- Aerospace & Defense
- Location
- Slovenia
- Type
- Buyout
Textron Inc. has completed the acquisition of Pipistrel (including PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o. and PIPISTREL ITALIA S.R.L.) for approximately €218 million. Pipistrel's founder Ivo Boscarol will remain a minority shareholder with roughly a 10% interest for two years as Textron integrates Pipistrel into its new Textron eAviation segment to accelerate development and certification of electric and hybrid-electric aircraft.
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April 11, 2022
- Buyer
- PCX Aerosystems, LLC
- Target
- Honematic Machine Corporation
- Seller
- Cusimano family
- Industry
- Aerospace & Defense
- Location
- Massachusetts, United States
- Type
- Buyout
PCX Aerosystems, a Greenbriar-backed producer of precision aerospace mechanical systems, acquired Honematic Machine Corporation from the Cusimano family effective April 1, 2022. The acquisition brings Honematic's precision deep-bored, turned and honed component capabilities into PCX to enable vertical integration, deliver fully integrated mechanical assemblies, and support collaboration with PCX's recently acquired Aero-K business.
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- Buyer
- Terran Orbital Corporation, Tailwind Two Acquisition Corp.
- Target
- Terran Orbital Corporation
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Buyout
Tailwind Two Acquisition Corp. completed its business combination with Terran Orbital Corporation, creating a renamed public company, Terran Orbital. In connection with the closing, the combined company is expected to begin trading on the New York Stock Exchange under ticker symbols LLAP and LLAP WS.
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March 17, 2022
- Buyer
- Enjet Aero
- Target
- Spartan Aerospace
- Industry
- Aerospace & Defense
- Location
- Connecticut, United States
- Type
- Buyout
Enjet Aero, headquartered in Overland Park, Kansas, has acquired Spartan Aerospace of Manchester, Connecticut, adding a 70,000 sq. ft. facility and 80+ employees to expand production capabilities and its greater Hartford presence. The acquisition enhances Enjet's capabilities in machined aeroengine components, sheet metal fabrication, and assemblies to better serve commercial and defense aerospace OEMs and MRO customers.
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