Aerospace & Defense Acquisitions in New Jersey

AAR CORP. acquired American Distributors Holding Co., LLC (ADI) for $146 million in an all-cash transaction funded via AAR's existing revolving credit facility. ADI, a distributor of high-performance electronic components and provider of supply chain and manufacturing services headquartered in Randolph, New Jersey with ~400 employees and six locations across the US, UK, and India, will join AAR's Parts Supply segment to expand new parts distribution, OEM relationships, and drive margin improvement.

Arc Drilling (now rebranded as Arc Adaptive Machining Solutions) has acquired H&W Tool, a provider of airfoil machining services for the aerospace, defense and power generation markets. The combination—backed by majority owner Washington Equity Partners—creates a vertically integrated airfoil machining platform with expanded EDM, adaptive machining, waterjet and grinding capabilities across six U.S. manufacturing sites.

Sumitomo Corporation and Sumitomo Corporation of Americas completed the full acquisition of Werner Aero LLC, effective December 27, 2024, making Werner Aero a wholly owned subsidiary. The deal expands Sumitomo's aircraft aftermarket capabilities by integrating Werner Aero's aircraft procurement, dismantling, repair, inventory management and parts sales operations to better serve airlines, lessors and MRO customers.

Velocity One, a newly formed aerospace manufacturing holding company backed by Charlesbank Capital Partners (with Launch Point Partners as a strategic co-investor), signed a merger agreement to acquire EMCORE Corporation for $3.10 per share in cash. EMCORE will become a wholly owned subsidiary of Velocity One, joining Cartridge Actuated Devices and Aerosphere Power to form a consolidated aerospace & defense manufacturing platform focused on growth and operational synergies.

COMROD Communication AS has acquired a majority share of Triad RF Systems Inc., a New Jersey-based designer and manufacturer of RF/microwave amplifiers and integrated radio solutions. The deal strengthens COMROD’s RF capability and capacity, enhances joint development of radio range-extension solutions, and extends COMROD’s technical presence in the United States and global defense and aerospace markets.

Maury Microwave, backed by Artemis Capital Partners, entered into a definitive agreement to acquire Wireless Telecom Group, Inc. (WTT), including its Boonton, Holzworth and Noisecom divisions, in a deal expected to close in Q3 2023 subject to shareholder approval and customary conditions. The acquisition expands Maury's RF test and measurement capabilities and access to end markets including aerospace, defense, satellite communications, semiconductors and emerging applications such as quantum and directed energy; WTT will continue to operate from its New Jersey headquarters under its current leadership.

Dallas-based private equity firm Trive Capital has made a strategic investment in Systems Innovation Engineering (SIE), a Mullica Hill, New Jersey–based defense systems engineering and design firm. The capital will support SIE’s continued growth and capability expansion across radar/RF, directed energy, counter-UAS systems and supply-chain/logistics support for defense customers.

The SCHLEIFRING Group, a subsidiary of Wegmann Group, has acquired Electro-Miniatures Corporation (EMC), a Moonachie, New Jersey-based maker of slip ring assemblies. The acquisition expands SCHLEIFRING's technical capabilities and geographic reach into North America; transaction terms were not disclosed.

McKean Defense Group agreed to acquire Mikros Systems Corporation for approximately $4.6 million in cash, purchasing all outstanding common stock in a merger. The acquisition strengthens McKean's U.S. Navy portfolio by adding Mikros' electronic systems, combat-systems monitoring and diagnostic analytics capabilities to support Littoral Combat Ship programs and other naval sustainment work.

MAG Aerospace acquired AASKI Technology effective April 1, 2020. The acquisition brings AASKI's advanced engineering capabilities and a bench of ~400 engineering professionals into MAG, strengthening MAG's C5ISR services and lifecycle communications capabilities for the U.S. Department of Defense, allied governments, and commercial customers.