Aerospace & Defense Divestitures in 2023
Acquisition Volume in Aerospace & Defense Divestitures in 2023 by Year
Last 5 years
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December 28, 2023
- Buyer
- HawkEye 360
- Target
- RF Solutions
- Seller
- Maxar Intelligence
- Industry
- Aerospace & Defense
- Location
- Colorado, United States
- Type
- Divestiture
Herndon-based HawkEye 360 has acquired RF Solutions, a Westminster, Colorado business unit formerly part of Maxar Intelligence. The deal, a divestiture of Maxar's RF Solutions assets, adds two on-orbit satellites, IP, a data archive and about 11 employees to HawkEye 360, expanding its RF-spectrum scanning and analytics capabilities.
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November 27, 2023
- Buyer
- TJC, L.P. (The Jordan Company), Resolute Fund VI, L.P. (affiliate)
- Target
- Commercial Aviation Solutions (CAS) / Acron Aviation
- Seller
- L3Harris Technologies
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Divestiture
An affiliate of The Resolute Fund VI (managed by TJC, L.P.) has closed the acquisition of L3Harris Technologies' Commercial Aviation Solutions (CAS) business for $800 million in cash. The CAS business — comprising an Avionics manufacturing unit and a Commercial Training Solutions unit — will operate under the new name Acron Aviation and serves commercial, business/regional and military aviation customers worldwide. The sale represents L3Harris' divestiture of a commercial-focused unit to focus on its core defense operations.
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September 6, 2023
- Buyer
- Loar Group Inc.
- Target
- CAV Systems Group Limited
- Seller
- Baird Capital, Baird Capital Partners Europe Limited
- Industry
- Aerospace & Defense
- Location
- County Durham, United Kingdom
- Type
- Divestiture
Loar Group Inc. has completed the acquisition of CAV Systems Group Limited (CAV) from Baird Capital, giving Baird a full exit from its 2017 investment. Headquartered in Consett, County Durham, CAV is a provider of in‑flight ice protection and drag‑reduction technologies; Loar said the deal expands its proprietary aerospace capabilities and aftermarket offering.
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January 10, 2023
- Buyer
- Macquarie AirFinance, Macquarie Asset Management, PGGM Infrastructure Fund, Australian Retirement Trust (ART)
- Target
- ALAFCO Aviation Lease and Finance Company K.S.C.P.
- Seller
- ALAFCO Aviation Lease and Finance Company K.S.C.P.
- Industry
- Aerospace & Defense
- Location
- Kuwait
- Type
- Divestiture
Macquarie AirFinance, with backing and equity from Macquarie Asset Management, PGGM Infrastructure Fund and Australian Retirement Trust (ART), will acquire a $US2.2 billion aircraft portfolio from ALAFCO Aviation Lease and Finance Company K.S.C.P. The deal — supported by a $US1.65 billion acquisition facility underwritten by BNP Paribas, Citibank, MUFG Bank and Natixis — will expand and modernize Macquarie AirFinance's fleet and improve its emissions profile; ALAFCO shareholders approved the transaction and completion was expected in 2023.
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