Aerospace & Defense Acquisitions

TransDigm Group Incorporated entered into a definitive merger agreement to acquire Servotronics, Inc., which will become an indirect wholly owned subsidiary of TransDigm. A TransDigm subsidiary will launch a cash tender offer for all outstanding Servotronics shares at $38.50 per share, valuing the deal at approximately $110 million including certain tax benefits, followed by a back-end merger at the same price.

LifePort, LLC, a portfolio company of Tower Arch Capital, has acquired PAC Seating Systems, LLC. PAC Seating will operate as a wholly owned subsidiary of LifePort, with existing operators Jad Azzi and Hector Marini continuing as investors and leaders in the combined business. The acquisition expands LifePort’s aerospace interiors and dynamic seating offerings and extends its geographic reach in the business jet and VIP aerospace market.

Verisk has sold its Atmospheric and Environmental Research (AER) business to JANUS Research Group. JANUS is a portfolio company of CM Equity Partners, and AER provides science-based solutions and actionable intelligence related to weather, climate, and space-based risks for government and commercial customers.

Bluestone Investment Partners announced a strategic investment in Qualis Corporation, a missile defense and space technology firm specializing in modeling and simulation of radio frequency waveforms. The investment was completed through Bluestone’s newly established Small Business Investment Company vehicle to support Qualis’ continued technology development initiatives.

Vance Street Capital announced the formation and rebranding of its general and business aviation portfolio under Victor Sierra Aviation Holdings (VS Aviation) and disclosed the acquisition of Aviation Products Systems, Inc. (APS). APS is a founder-owned supplier and manufacturer of proprietary replacement wheel and brake components and custom hose kits for general aviation aircraft, expanding VS Aviation’s PMA offering into the wheel and brakes segment.

MRO Holdings Inc. agreed to a strategic minority growth investment from Bain Capital to support the company’s continued development and expansion of customer-centric initiatives in aircraft maintenance. MRO Holdings’ existing management team will continue to lead the business alongside current investment partners the Kriete family and Caoba Capital; financial terms were not disclosed and the deal is subject to customary closing conditions.

BlackSea Technologies acquired Blue Tide Marine to strengthen maritime defense solutions and support end-to-end uncrewed systems (UxS) operations and material readiness. BlackSea Technologies is a portfolio company of Razors Edge Ventures, and the combination is intended to enhance intelligence, surveillance, and reconnaissance capabilities and improve coordination of manned and autonomous platforms for critical missions.

J.F. Lehman & Company (JFLCO), through an investment affiliate, acquired Mission Microwave Technologies, LLC, a provider of solid-state power amplifiers and block upconverters for the satellite communications market. Mission is headquartered in Cypress, California, and JFLCO is partnering with Mission’s prior majority shareholders, founders, and management, who will retain meaningful equity and continue to lead the business.

Novaria Group acquired Anillo Industries, a manufacturer of aerospace and defense hardware including washers, shims, spacers, plain bearings, and stampings. Anillo’s operations in Orange, California will continue, with brothers Kurt and Mark Koch remaining in their roles for a transitional period. Financial terms were not disclosed.

Cablecraft Motion Controls, a Torque Capital Group portfolio company, completed the acquisition of Radial Bearing Corp., a designer and manufacturer of rod ends and spherical bearings. Radial is based in Danbury, Connecticut and serves aerospace, defense, and industrial markets. The deal expands Cablecraft’s product offerings and strengthens its linkage product line and broader engineered motion control solutions portfolio.

High Point Aerotechnologies, a portfolio company of Highlander Partners, acquired Flex Force Enterprises, a Portland, Oregon-based developer of counter-UAS and drone defeat technologies. The deal adds Flex Force’s Dronebuster handheld counter-drone jammer and related capabilities to High Point’s broader suite of drone mitigation solutions, strengthening its position in the growing drone security market.

Arcfield has completed the acquisition of Orion Space Solutions, a Colorado-based developer of end-to-end space mission capabilities and solutions. The transaction expands Arcfield’s space exploration and hypersonic detection and tracking capabilities for U.S. Department of Defense and Intelligence Community customers by adding expertise in sensors/payloads, SmallSat and CubeSat integration and manufacturing, and mission operations and data analysis.

Hartzell Engine Tech has acquired Kelly Aero LLC, a manufacturer of aftermarket aircraft magnetos, replacement parts, and ignition harnesses for general aviation and military aircraft. The deal adds aircraft ignition product manufacturing capabilities to Hartzell Engine Tech’s existing portfolio of firewall-forward engine accessories, and the acquired products are expected to be rebranded as PowerUp Ignition Systems following evaluation and approvals.

Heads Up Technologies, Inc. (HUT), a provider of lighting and cockpit/cabin electronics for aviation, acquired ALTO Aviation. ALTO Aviation designs and manufactures high-end OEM and aftermarket aircraft audio and cabin management systems and is headquartered in Sterling, Massachusetts. HUT is backed by private equity firm JLL Partners.

Levine Leichtman Capital Partners (LLCP) has sold its portfolio company SK AeroSafety to private equity firm Bridgepoint. SK AeroSafety, headquartered in Wokingham, United Kingdom, provides aircraft safety equipment maintenance, repair and overhaul (MRO) services, and financial terms were not disclosed.

Spirit Electronics acquired Insight Analytical Labs, and Insight’s team, operations, and assets will be integrated into Spirit Electronics. Spirit will continue operating device analysis services (including destructive physical analysis) at Insight’s Colorado Springs facility and bring the lab under Spirit’s quality-management systems to expand capabilities serving defense, aerospace, and commercial space customers.

Excelus Manufacturing Solutions, Sky Peak Capital’s precision manufacturing platform, has acquired Maclean Precision Machine, a supplier of tight-tolerance parts for the aerospace, defense, and semiconductor markets. The deal is expected to nearly double Excelus’ manufacturing capacity, expand capabilities in difficult aerospace materials and large turning, and support a path toward AS9100 certification.

Cadrex Manufacturing Solutions, a portfolio company of CORE Industrial Partners, acquired D&R Machine Company, a CNC precision machining provider serving the aerospace & defense market. Headquartered in Southampton, Pennsylvania, D&R adds high-complexity CNC milling, turning, and assembly capabilities to the Cadrex platform.

First Class Air Holdings (FCAH), a portfolio company of O2 Investment Partners, made an investment in AVI Aviation (AVI). AVI, formed by Angie and German Alvarez and comprising Aviation Inflatables, Inc. and Survival Products, Inc., provides MRO services for aircraft emergency components and is headquartered in Sunrise, Florida. XLCS Partners served as exclusive advisor to AVI on the transaction, which closed January 6, 2022.

McNally Capital, alongside Nio Advisors, completed a platform investment in Xcelerate Solutions, a defense and national security advisory services provider. The investment was made from McNally Capital Fund II and is intended to support Xcelerate’s continued growth across enterprise security, digital transformation, and strategic consulting.

Turnout Industries acquired KIHM Metal Technologies LLC, a provider of metal spinning, hydroforming, and complex machining of exotic alloy-based components serving aerospace, defense, and power generation markets. Turnout completed the purchase in partnership with KIHM’s leadership, acquiring the business from a group of investors led by the Firefly Group.

Aero 3, Inc., the parent company of AeroRepair and backed by GenNx360 Capital Partners, acquired Aircrafters, Inc. Aircrafters, headquartered in New Castle, Delaware, supplies aviation wheel and brake parts via aftermarket distribution, inventory, and exchange asset pools. The acquisition expands Aero 3’s parts distribution capabilities and logistics network, with Aircrafters’ management team remaining in place.

Walbar Engine Components (a portfolio company of Cornerstone Capital Holdings) acquired Chromalloy’s manufacturing facility in Guaymas, Mexico. The facility provides precision machining for gas turbine engine components and expands Walbar’s manufacturing capacity and engine program content across aerospace and industrial power markets.

GracoRoberts acquired Styles Aviation, Inc. (dba SkyGeek.com) to expand its global ecommerce capabilities and deepen its offering in the aerospace MRO segment. SkyGeek will continue operating from LaGrangeville, New York, serving as an important distribution hub for the combined company in the Northeastern United States. The acquisition was supported by GracoRoberts’ private equity sponsor, CM Equity Partners.

Valence Surface Technologies LLC acquired B&M Painting, a Camden, Arkansas-based provider of specialty surface treatment and metal finishing services for aerospace and defense applications. The acquisition expands Valence’s defense-focused coating capabilities and represents Valence’s tenth add-on acquisition since inception, with B&M’s existing management team remaining in place.

CIC Partners made a controlling equity investment to form Precision Aerospace, a new North Texas precision manufacturing platform. The investment, completed June 30, 2022 in partnership with Juniper Capital Management and CEO Pete Stegmaier, acquired Applegate EDM and Icon Machining Company. The seller is rolling a significant amount of equity into the new platform.

Primus Aerospace, sponsored by Angeles Equity Partners, announced the acquisition of Raloid Corporation. The deal adds Raloid’s precision machining and related services for aerospace, defense, and space programs, strengthening Primus’ position as a Tier 1 defense supplier. Financial terms were not disclosed and Raloid will continue operating under its existing brand.

Trive Capital announced the acquisition of Custom Microwave, Inc. (CMi), which will join its Vitesse Systems platform. CMi adds high-performance passive antenna engineering, testing, and advanced manufacturing capabilities that expand Vitesse’s ability to serve complex RF applications across space, ground, radar, and electronic warfare end markets.

Karman Space & Defense, backed by Trive Capital, partnered with Cornerstone Research Group, Inc. to acquire the MG Resin family of technologies (MG Resins). The deal expands Karman’s capabilities in integrated composite systems for space and defense applications, strengthening its position in the carbon/carbon market and advanced high-temperature materials.

Quantic Electronics, a portfolio company of Arcline Investment Management, announced the acquisition of Microwave Dynamics. Microwave Dynamics designs and manufactures high-precision microwave and millimeter wave components used in aerospace, defense, and industrial markets.

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, acquired Research Tool & Die (RT&D), a privately owned manufacturer of marine electrical-systems hardware. RT&D, based in Carson, California, supplies critical electrical hardware used on naval ships, and the deal expands FMD’s portfolio of turnkey naval solutions.

Zanite Acquisition Corp., a special purpose acquisition company, closed its business combination with Eve UAM, LLC, a subsidiary of Embraer S.A., forming Eve Holding, Inc. Following the closing, the company was renamed Eve Holding, Inc. and its shares began trading on the NYSE under the symbol EVEX. The transaction included an upsized $357 million PIPE financing featuring investments led by Embraer and other strategic and financial investors.

Cadre Holdings, Inc. entered into a definitive agreement to acquire Cyalume Technologies, a manufacturer of proprietary chemical illumination solutions used by U.S. and NATO military forces, first responders, and commercial customers. The transaction is expected to close in May 2022 for a purchase price of $35.0 million and will be funded with available cash and draws on existing credit facilities.

Applied Composites Holdings, LLC, a portfolio company of AE Industrial Partners, acquired The Companies of North Coast, LLC (North Coast Composites and North Coast Tool & Mold) from Unitech Holdings, Inc.; financial terms were not disclosed. North Coast’s RTM/VARTM composite structures and aerospace tooling capabilities expand and strengthen the Applied Composites platform in aerospace, defense, and space markets.

Novaria Group acquired substantially all assets of Hohman Plating, a metal finishing and coatings business serving the aerospace and defense market. Hohman Plating will continue to operate from Dayton, Ohio, and the deal strengthens Novaria’s aerospace and defense components and coating capabilities. Deal terms were not disclosed.

G.S. Precision, Inc. (GSP), a portfolio company of AE Industrial Partners, acquired SMC Aerospace, a supplier of highly engineered tubes and machined components for the aerospace and defense industries. The deal is GSP’s first add-on acquisition since AE Industrial Partners acquired GSP, and transaction terms were not disclosed. SMC will continue operating from its facilities in Laconia, New Hampshire, and CEO Mark McCarthy will remain to support integration.

Stellex Capital Management LLC announced a new platform investment in RTC Aerospace LLC, a manufacturer of complex machined components and assemblies for mission-critical aerospace and defense applications. Financial terms were not disclosed, and long-time RTC investor/executive Brad Hart will remain an investor and board member as Stellex supports organic growth and an M&A-focused expansion strategy.

Norwest Equity Partners (NEP) has sold West Star Aviation, a provider of maintenance, repair, and overhaul (MRO) services for the business aviation industry, to The Sterling Group. The transaction closed on March 1, 2022.

SK AeroSafety Group, a portfolio company of Levine Leichtman Capital Partners, acquired Fire-Tec Aero Systems LLC. Headquartered in Phoenix, Arizona, Fire-Tec provides aviation safety equipment maintenance, repair and overhaul (MRO) services, and its management team will remain in place to support SK’s growth in the United States.

New State Capital Partners acquired AVEX, a leading North American dealer providing sales, maintenance, and aftermarket services for Daher TBM turboprop aircraft. AVEX was purchased from its founder, Terry Winson, who is retiring, and will serve as the anchor investment for New State’s new aviation-focused platform. Financial terms were not disclosed.

Vertex Aerospace, owned by American Industrial Partners, completed the acquisition of Raytheon Technologies' Defense Training and Mission Critical Solutions business lines. The deal expands Vertex’s technology solutions and services across defense and commercial training, mission-critical support, and engineering/modernization capabilities.

Trive Capital announced the acquisition of Sterling Precision, Inc., which will join California Brazing as part of the Vitesse Systems platform launched in 2018. Sterling Precision, headquartered in Clinton, Massachusetts, manufactures dip-brazed assemblies and thermal management and communication devices for mission-critical communication, radar, and electronic warfare applications.

Valence Surface Technologies acquired H&W Global Industries, a Northeast North America provider of metal finishing and surface treatment services for highly engineered aerospace and defense products. The acquisition expands Valence’s aerospace and defense finishing footprint in the Northeast, adding a strategically located facility in the greater Pittsburgh area. H&W’s existing management team, including founders Jean-Pierre Habets and Sandra Habets, will remain with the business as it integrates into the Valence platform.

FDH Aero, an aerospace and defense products distributor, has acquired Stealth Aerospace, a stocking distributor of aerospace electrical and electro-mechanical components. The acquisition strengthens FDH Aero’s position in the global aircraft aftermarket channel, with Stealth continuing to be led by its president, Alon Glickstein. Audax Private Equity invested in FDH Aero in 2017 and this marks FDH’s ninth acquisition since then.

Affiliates of Lindsay Goldberg completed a majority investment in Summit Interconnect in partnership with Summit’s CEO Shane Whiteside and the management team. Summit Interconnect is a provider of complex printed circuit boards serving aerospace, defense, and other demanding commercial markets, and the transaction supports the company’s next stage of growth. HCI Equity Partners is noted as having supported Summit over the prior five years, though transaction terms were not disclosed.

CMI acquired Systems 3, a Phoenix-based manufacturer and supplier of flight-critical components to the aerospace and defense industries. The deal strengthens CMI’s scale and technical capabilities and marks CMI’s third major acquisition since Gallant Capital Partners took a majority stake in CMI in 2020.

Quantic Electronics, a portfolio company of Arcline Investment Management, announced the acquisition of X-Microwave. X-Microwave develops modular RF and microwave building blocks (the patented X-MWsystem) used to design, prototype, and produce high-performance RF/microwave systems.

VTG acquired ASSETT, Inc., expanding VTG’s naval systems portfolio with artificial intelligence/machine learning-enabled undersea warfare and unmanned systems capabilities. ASSETT brings submarine SONAR acoustics and signal processing expertise, along with software development, data science, and systems/cybersecurity engineering capabilities. ASSETT will be integrated into VTG as a technology development center of excellence, with ASSETT president Jim Shannon continuing to lead the business.

Carver Aero, an Iowa-based aviation services company, acquired LumanAir Aviation Services and ATS Illinois, both operating at the Aurora Municipal Airport. The transactions were approved by the Aurora City Council on July 27, with the sellers indicating they will continue supporting the businesses under Carver Aero going forward.

Quantic Electronics, a portfolio company of Arcline Investment Management, acquired BEI Precision Systems & Space Company, Inc. from J.F. Lehman & Company. BEI Precision designs and manufactures position feedback sensors and frequency reference technologies used in mission-critical space, land, air, and sea applications, including major U.S. government programs.

Platinum Equity completed the acquisition of Unical Aviation Inc. and certain affiliates from affiliates of the company’s founders. The deal includes Unical Aviation, Unical MRO, Unical 145 and Unical Aero, while Unical Defense Inc. is excluded, and Unical will operate as a standalone portfolio company.

PCX Aerosystems, LLC acquired Integral Aerospace from an affiliate of Admiralty Partners, Inc. Integral Aerospace is an aerospace systems manufacturing company specializing in metallic and composite solutions for military, commercial aerospace, and space launch applications. PCX is owned by Greenbriar Equity Group, L.P.

Maverick Aviation Group acquired Bristow Instruments, an aviation instrumentation services provider headquartered in Sherwood Park, Alberta. The deal represents Maverick’s inaugural platform acquisition, with plans to invest in and expand Bristow’s capabilities and market presence.

Arcline Investment Management acquired a controlling stake in Air Comm Corporation in a transaction valuing the company at $250 million. Air Comm designs, manufactures, and services environmental control and thermal management systems for aerospace and defense customers. Founder Dave Harrison will remain a significant minority shareholder and continue as Chairman of Air Comm's Board.

Integrated Polymer Solutions, Inc. (IPS), a portfolio company of Arcline Investment Management, acquired Swift Textile Metalizing LLC (STM). STM designs and manufactures engineered metalized fabrics used for EMI/RFI shielding applications, serving aerospace, naval, and defense platforms. STM was previously owned by Steve Sigmon, who will partner with IPS for the company’s next phase of growth.

Precision Aviation Group, Inc. (PAG) has acquired Keystone Turbine Services, LLC (KTS), an OEM-approved provider of aftermarket maintenance, repair, and overhaul (MRO) services for Rolls-Royce M250 gas turbine engines. The deal expands PAG’s global repair-station footprint and adds specialized M250 engine MRO capabilities, along with related accessories, components, parts, and field support.

Enjet Aero, a Kansas City-based aerospace engine component manufacturer, has acquired Birken Manufacturing, a supplier of complex aeroengine components. Birken’s operations in Bloomfield, Connecticut will be integrated into Enjet and renamed Enjet Aero Bloomfield, with Birken’s leadership team remaining in place.

Greenbriar Equity Group acquired PCX Aerosystems in a transaction announced April 26, 2021. The acquisition closed concurrently with PCX’s previously announced acquisition of Senior Aerospace Connecticut, expanding PCX’s capabilities as a supplier of precision, flight-critical aerospace assemblies. Financial terms were not disclosed.

Anduril Industries acquired Area-I, a Georgia-based aerospace company specializing in air launched effects and tube-launched unmanned aerial systems, including the ALTIUS platform. Area-I will operate as a wholly owned subsidiary under its existing brand, expanding Anduril’s unmanned systems hardware portfolio and supporting its software-defined defense capabilities.

Enjet Aero announced the acquisition of Enginetics, a subsidiary of Standex International Corporation. Enginetics, based in Dayton, Ohio, manufactures precision aircraft engine components and will expand Enjet Aero’s capabilities in sheet metal forming, fabrication, heat treat, and brazing for aerospace engine OEM customers.

Karman Missile & Space Systems (Karman), a portfolio company of Trive Capital, acquired AAE Aerospace (AAE), a manufacturer of high-temperature composite materials and components for missile, interceptor, and space applications. The acquisition expands Karman’s end-to-end propulsion subsystem manufacturing capabilities by adding AAE’s ablative and insulative composite technologies. AAE’s senior leadership team will remain as equity holders and executives at Karman.

Arcline Investment Management announced the formation of Quantic, a platform providing mission-critical electronics components for high-value applications. As part of building Quantic, Arcline acquired TRM Microwave, adding it to the existing Quantic portfolio alongside Evans Capacitor Company and Ohmega Technologies.

One Equity Partners’ portfolio company Spartronics has completed the acquisition of Primus Technologies Corp., a provider of engineering, manufacturing, and testing services for circuit card assemblies and box builds. Primus Technologies is headquartered in Williamsport, Pennsylvania, and the financial terms of the private transaction were not disclosed.

JLL Partners, a New York-based private equity firm, has acquired Jonathan Engineered Solutions (JES), a manufacturer of ruggedized enclosures, slides, and vibration isolators for defense, aerospace, and specialty industrial applications. JES is headquartered in Irvine, California and will serve as the foundation for a new design- and engineering-focused aerospace and defense manufacturing platform for JLL Partners.

Keystone Capital has sold KFT Fire Trainer (KFT) to an investor group led by KFT’s management team, with Greenwich Capital Group advising Keystone on the transaction. KFT designs, manufactures, installs, and services computer-controlled, gas-fueled live fire training simulation systems used by municipal, industrial, airport, and military organizations worldwide.

Pacific Defense, backed by HCI Equity Partners and Emerald Lake Capital Management, acquired Spear Research on October 22, 2020 (terms undisclosed). Spear Research, based in Nashua, New Hampshire, adds RF engineering, advanced signal processing, and electronic warfare/signals intelligence capabilities to the Pacific Defense platform serving the U.S. Department of Defense and select international customers.

Arotech Corporation’s Advanced Electronics Division (AED) acquired UST-Aldetec, a privately held design, engineering, manufacturing, and services company for mission-critical electronic components. The acquisition expands AED’s capabilities into RF/microwave and microelectronics, adding expertise in integrated microwave assemblies and RF amplifier equipment and enhancing end-to-end manufacturing and integration support.

Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, announced the acquisition of MAST Technologies. MAST designs, develops, and manufactures RF, microwave, and EMI-absorbing materials used in military and electronics applications, and the combination is intended to support growth across defense, aerospace, and commercial end markets.

GenNx360 Capital Partners’ portfolio company AeroRepair Corp acquired Aero Tire and Tanks, LLC, doing business as Dallas Centerline (DCL). The deal is AeroRepair’s first add-on acquisition since GenNx360’s investment in December 2019 and expands AeroRepair’s aviation wheel and brake repair and overhaul capabilities. Dallas Centerline is headquartered in Dallas, Texas and serves commercial, corporate, and military aviation customers.

TriMas Corporation acquired RSA Engineered Products (RSA) in February 2020, providing an exit for Merit Capital Partners’ Fund V investment. Merit Capital Partners originally invested in RSA in 2012 in partnership with Cornerstone Capital Holdings; RSA designs and manufactures engineered airflow control systems for commercial and military aircraft.

Aero Interiors Company (AIC), an affiliate of Balmoral Funds, acquired the assets of ECNC Inc., an aerospace-focused CNC machining and milling business based in Oregon. The deal expands AIC’s product and service offerings and enhances its vertically integrated manufacturing capabilities. The transaction represents AIC’s second bolt-on acquisition following its acquisition of AeroV in 2019.

GenNx360 Capital Partners’ portfolio company Precision Aviation Group, Inc. (PAG) acquired World Aviation Corporation (WAC). The Toronto-based acquisition expands PAG’s MRO capabilities into electric motor and generator sub-component rewind and repair services and increases PAG’s footprint in Canada.

Jet Parts Engineering LLC (a portfolio company of Vance Street Capital) acquired Aero Parts Mart, Inc., marking Jet Parts’ first strategic add-on acquisition since partnering with Vance Street in 2018. Aero Parts Mart designs and sells proprietary FAA-approved aftermarket replacement components (PMA parts) for the regional jet market, expanding the combined catalogue to more than 1,300 PMAs. Terms were not disclosed and debt financing was provided by Neuberger Berman.

GenNx360 Capital Partners acquired a majority (controlling) interest in AeroRepair Corp, a provider of aircraft wheel and brake maintenance, repair and overhaul services. AeroRepair is headquartered in Manchester, New Hampshire and operates multiple locations across North America, and the existing management team will continue to run the business.

Vance Street Capital LLC announced the recapitalization of Eirtech Aviation Services (EAS), a Shannon, Ireland-based provider of specialist aviation services to airlines and aircraft leasing companies. The founders, Niall Cunningham and Gerry O'Shea, are retaining a material ownership stake, and Neuberger Berman Private Credit-advised funds co-invested alongside Vance Street. Financial terms were not disclosed.

Merit Capital Partners partnered with ASGARD Partners & Co. to acquire Revision Military Ltd., a manufacturer of ballistic and laser protective eyewear for the US Military and NATO-allied nations. The deal involved the acquisition of the optics division of Montreal-based Revision Military, Inc., with Merit providing subordinated debt and equity financing.

Platte River Equity announced the sale of its portfolio company, PRV Metals, LLC, to Tinicum L.P. PRV Metals manufactures and supplies specialty forged titanium and high-performance steel products through its subsidiaries Sierra Alloys and TSI Titanium, serving aerospace, defense, medical, energy, and industrial end markets.

Monroe Engineering Holdings, LLC, a ShoreView portfolio company, has acquired Atlantic Teleconnect, Inc. (ATI). ATI supplies custom cable and wire harness solutions for OEMs in aerospace, defense, and healthcare, and the deal expands Monroe’s aerospace offering and adds assembly capabilities.

Balmoral Funds completed an equity investment in KP Aviation (KPA), an aerospace aftermarket sales and leasing company headquartered in Reno, Nevada. The investment follows years of collaboration through a series of joint ventures (Silver Aero) with founders Kim and Paul Schulze, and is intended to support KPA’s next phase of growth alongside new lending facilities.

Vopne Capital has made an investment in Coronado Manufacturing, a Sun Valley, California-based producer of precision-machined components for the aerospace industry. Financial terms of the transaction were not disclosed.

Aero Interiors Company (AIC), an affiliate of Balmoral Funds, acquired the assets of AeroV, an Austin, Texas-based designer, manufacturer, and assembler of aircraft interior products. The bolt-on acquisition expands AIC’s business relationships, product breadth, and management talent, including the return of senior managers from AeroV who previously worked at AIC.

Stonebridge Partners announced that its portfolio company ADI American Distributors Inc., LLC acquired NewVac/DCX ("NewVac") as an add-on acquisition. NewVac was acquired from its parent company DCX CHOL Enterprises, Inc., and the transaction was debt-financed by Czech Asset Management.

Visioneering, Inc., a portfolio company of 3P Equity Partners, acquired the assets of Plasco Tooling and Engineering Corporation. Plasco is a Romeo, Michigan-based manufacturer of aerospace and defense tooling and fixtures, and Angle Advisors served as Plasco’s exclusive investment banking advisor on the transaction.

L3 Technologies has acquired Doss Aviation, Inc., with the transaction completed on September 12, 2017; financial terms were not disclosed. Doss Aviation, based in Colorado Springs, Colorado, provides initial flight training for U.S. Air Force pilots and related military training and support services, and will be renamed L3 Doss within L3’s Electronic Systems segment.

Acorn Growth Companies, a private equity firm focused on aerospace and defense, acquired Raisbeck Engineering Inc., an aircraft performance improvement systems developer and manufacturer. Raisbeck Engineering will continue operating under its brand, with founder James D. Raisbeck remaining as chairman; financial terms were not disclosed. Congruent Investment Partners, Independent Bankers Capital Funds, Omega Capital, and Arvest Bank participated in the transaction.

A fund managed by Odyssey Investment Partners acquired Aero Precision Industries LLC (API). API, an aerospace parts distributor and MRO services provider headquartered in Livermore, California, was previously a subsidiary of Greenwich AeroGroup Inc., a portfolio company of Berkley Capital LLC.

The Loar Group has acquired General Ecology, Inc., a designer and manufacturer of proprietary drinking water purification systems used primarily in commercial and business aircraft. General Ecology will continue operating under its current brand, and founder Richard Williams is transitioning ownership and management to The Loar Group.

PCX Aerostructures, LLC acquired Cam-Tech Manufacturing, LP on December 23, 2014. Cam-Tech, headquartered in Mansfield, Texas, will operate as a wholly owned subsidiary of PCX, expanding PCX’s aerospace machining and structural assembly capabilities.

A wholly owned subsidiary of SPX Corporation acquired GenMech Aerospace, Inc., a Farmingdale, New York-based manufacturer of complex components for defense and commercial aerospace platforms. Financial terms were not disclosed. Alderman & Company served as exclusive financial advisor to GenMech Aerospace.