Aerospace & Defense Acquisitions in Kansas

Yingling Aviation has acquired Global Engineering & Technology, Inc. (GETI), an aircraft interiors design, fabrication and refurbishment specialist based in Wichita, Kansas. The acquisition — supported by Yingling’s investor AE Industrial Partners — expands Yingling’s Wichita capacity and capabilities across aircraft interior services, adding GETI’s 60,000+ sq. ft. facility and extensive cabinetry, upholstery and seat refurbishment expertise.

Yingling Aviation has acquired Bevan Aviation, a Wichita-based FAA Part 145 avionics and aircraft maintenance provider. The add-on deal — terms undisclosed — expands Yingling's avionics capabilities and capacity at Wichita's Dwight D. Eisenhower National Airport; Yingling is majority-backed by private equity firm AE Industrial Partners, which supported the platform expansion.

Boeing has agreed to acquire Spirit AeroSystems in an all-stock transaction valued at approximately $4.7 billion in equity (about $8.3 billion total including net debt), reintegrating Spirit's Boeing-related commercial operations and select aftermarket businesses. The deal brings roughly 15,000 Spirit teammates into Boeing, expands Boeing's production and MRO footprint, and preserves certain defense activities as an independent Spirit Defense subsidiary while requiring divestiture of some Airbus-related work packages.

Yingling Aviation, a PE-backed full-service MRO and FBO, has acquired Mid-Continent Aviation Services (MCAS), a Wichita-based aircraft maintenance, repair and overhaul provider operating an 80,000+ sq. ft. facility at Dwight D. Eisenhower National Airport. The deal, backed by AE Industrial Partners, expands Yingling's MRO capacity and technical capabilities in the strategic Wichita market; financial terms were not disclosed.

AE Industrial Partners (AEI) has acquired a majority interest in Yingling Aviation, a Wichita-based provider of MRO and FBO services for business and government aviation. Terms were not disclosed; Yingling’s leadership (Chairman & CEO Lynn Nichols and President Andrew Nichols) will remain active owners and operators as AEI seeks to build a scaled independent platform in business aviation services.

Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, has acquired AkroFire, a designer and manufacturer of elastomeric fire seal solutions and cargo bay repairs serving business jet, commercial aerospace, and defense markets. The acquisition is an add-on to IPS intended to expand its aerospace sealing and engineering capabilities and scale production for OEM customers.

Los Angeles-based private equity firm Vance Street Capital acquired McFarlane Aviation, a Baldwin City, Kansas manufacturer and distributor of FAA-PMA aftermarket parts for general aviation. The McFarlane family will retain a meaningful ownership stake alongside Vance Street as the firm positions McFarlane as a platform investment to accelerate growth in the aerospace aftermarket.

VSE Corporation (NASDAQ: VSEC) acquired privately held Global Parts Group, Inc. in an all-cash transaction valued at approximately $38 million. The deal brings Global Parts' airframe-focused distribution and hydraulics/pneumatics MRO capabilities in Augusta, Kansas into VSE Aviation, expanding VSE's product and repair offerings to the business & general aviation market and adding access to more than 3,000 B&GA customers and ~ $65 million of 2020 revenue.

Jet Support Services, Inc. (JSSI) has acquired SierraTrax, a provider of aircraft maintenance tracking software, to add digital maintenance-tracking capabilities to its suite of business aviation services. The move expands JSSI’s software offerings and combines SierraTrax’s modern platform with JSSI’s extensive maintenance data and program coverage; GTCR is the majority investor in JSSI.

TT Electronics has agreed to acquire Torotel, a US designer and manufacturer of high-reliability power and magnetic assemblies for the aerospace and defense markets, for $43.4 million. The acquisition expands TT's power electronics capabilities and US footprint, and Torotel will be integrated as a wholly owned subsidiary subject to shareholder and regulatory approvals.

Cadence Aerospace, a portfolio company of Arlington Capital Partners, has acquired Premier Processing, a Wichita-based provider of surface finishing and special processing for aerospace and defense customers. The add-on acquisition expands Cadence's specialty processing capabilities and will leverage Premier's facility and management team to support broader Cadence operations and customer base.