Carver Aero Acquires LumanAir Aviation Services and ATS Illinois

McNally Capital Acquires Airforce Turbine Service (ATS)

December 18, 2025

Aerospace & Defense

McNally Capital has acquired Airforce Turbine Service, Ltd. (ATS), a Texas-headquartered provider of PT6A turboprop engine MRO and aftermarket services, marking the first investment from McNally Capital Fund III. As part of the transaction, Johannesburg-based TEMRO will join ATS as a wholly owned operating subsidiary and industry executive Rob Wilson will serve as Executive Chairman to support scaling and capability expansion.

AeroVironment Acquires Arcturus UAV for $405M

January 13, 2021

Aerospace & Defense

AeroVironment, Inc. (NASDAQ: AVAV) will acquire Arcturus UAV, Inc., a Petaluma, California–based developer and manufacturer of Group 2 and 3 unmanned aircraft systems, for a total purchase price of $405 million (approximately $355 million cash and $50 million in AeroVironment stock). The acquisition expands AeroVironment's product portfolio into higher-value Group 2 and 3 UAS segments, adds Arcturus’s ~270 employees and COCO services capability, and is expected to be accretive to adjusted EBITDA and GAAP EPS in fiscal 2022.

AAR CORP. Acquires Aerostrat

August 12, 2025

Aerospace & Defense

AAR CORP. has acquired Seattle-based Aerostrat, a long-range aviation maintenance planning software provider, for $15 million plus contingent consideration of up to $5 million. The deal brings Aerostrat's Aerros product into AAR's Trax suite to expand Trax's ERP and long-range planning capabilities and continue to offer Aerros as a standalone solution to airlines, MROs, and cargo operators.

The Carlyle Group Acquires StandardAero from Veritas Capital

July 5, 2019

Aerospace & Defense

Global investment firm The Carlyle Group has completed its purchase of StandardAero from Veritas Capital. StandardAero is a global provider of engine and airframe maintenance, repair and overhaul (MRO) services with more than 6,000 employees across multiple continents; Carlyle said it will partner with StandardAero’s management to support the company’s continued growth and industry leadership.

Astronics Corporation Acquires Bühler Motor Aviation

October 13, 2025

Aerospace & Defense

Astronics Corporation (Nasdaq: ATRO) has acquired Bühler Motor Aviation (BMA) from Bühler Motor Group in an all-cash transaction. BMA, based in Uhldingen-Mühlhofen, Germany, manufactures aircraft seat actuation systems and is expected to generate about $22 million in revenue in 2026; Astronics says the acquisition augments its motion control solutions and complements its PGA subsidiary.

Ares Management Acquires Controlling Interest in Atlas Crane Service

August 23, 2022

Industrial Services

A fund managed by the Infrastructure Opportunities strategy of Ares Management has acquired a controlling interest in Atlas Crane Service, a full-service crane rental and MRO provider headquartered in Aurora, Illinois. Ares will support Atlas' growth, geographic expansion and capability expansion in the wind/renewables market while Atlas' executive team, led by CEO Zach Prentis, remains in place; financial terms were not disclosed.