L3 Technologies Acquires Doss Aviation, Inc.

TJC (Resolute VI) Acquires L3Harris' Commercial Aviation Solutions (Acron Aviation)

November 27, 2023

Aerospace & Defense

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.

L3Harris to Acquire Aerojet Rocketdyne

December 18, 2022

Aerospace & Defense

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.

Lynx Software Technologies Acquires Thompson Software Solutions

January 10, 2024

Aerospace & Defense

Lynx Software Technologies has acquired Thompson Software Solutions (TSS), a provider of mission‑critical software development, engineering, and integration services for aerospace and defense and commercial space customers. The deal strengthens Lynx’s capabilities across avionics, embedded software, DevSecOps, cybersecurity, and managed/professional services; TSS leadership has taken senior roles within Lynx following close.

FlyUSA Acquires 3B Aviation

June 27, 2023

Transportation

FlyUSA has acquired Tampa-based 3B Aviation, expanding FlyUSA's privately managed fleet to 15 aircraft across the Tampa Bay region. 3B Aviation founder Nick Barrows joins FlyUSA as President of Acquisitions and Management; prior to the deal 3B employed about ten pilots and managed 13 aircraft for more than 25 private owners.

Talos Acquires D3X Systems

May 9, 2023

Cloud & SaaS

Talos, a provider of institutional digital-asset trading technology, has acquired D3X Systems, a portfolio-engineering SaaS platform that supports systematic investment strategies. The acquisition brings pre-trade portfolio design, back-testing, optimization and risk attribution capabilities into Talos's trading platform to better serve institutional clients such as ETF issuers, RIAs and SMA providers.

DCM Group Acquires Koss Aerospace and Brampton Processing

July 19, 2024

Aerospace & Defense

DCM Group Inc., a Thrust Capital Partners portfolio company, has acquired DH Aerospace Holding Inc. operating as Koss Aerospace and Brampton Processing, expanding DCM's footprint into Ontario and adding in-house surface treatment capabilities. The acquisition vertically integrates metal finishing and plating services across DCM's operations, broadening its aerospace manufacturing offerings and customer base; Alexander Cajic will remain on board as VP Ontario Division. The transaction is supported by Thrust Capital Partners with backing from Investissement Québec and Desjardins Capital.