Avantus Aerospace Acquires California Screw Products

Avantus Aerospace Acquires Fastener Innovation Technology (FIT)

September 29, 2020

Aerospace & Defense

Avantus Aerospace, a PE-backed aerospace C-class parts group, acquired Fastener Innovation Technology Corporation (FIT) of Rancho Dominguez, California as an add-on to expand its specialty fastener capabilities. FIT (founded 1979) will continue to be led by its existing management and will be integrated with Avantus’s fastener businesses to better serve aerospace OEM and defense customers including Boeing, Raytheon and Lockheed Martin.

Schivo Acquires Supreme Screw Products, Inc.

February 8, 2021

Medical Devices

Schivo, an Ireland-based OEM contract manufacturer (PE-backed), has acquired Supreme Screw Products, Inc., a Plainview, New York-based precision machining and assembly supplier to the medical device market. The acquisition adds two U.S. manufacturing facilities and capabilities in micro-machining, laser processing, and assembly, strengthening Schivo's footprint and technical capabilities in minimally invasive surgery and life sciences.

KKR and EIG Acquire Majority Interest in Avantus

July 30, 2024

Renewable Energy

KKR-backed funds and accounts managed by KKR have acquired a majority equity interest in Avantus, a U.S. developer of utility-scale solar and solar-plus-storage projects. Coinciding with the close, Avantus secured a $522 million development facility arranged by KKR Capital Markets and SMBC to accelerate deployment of its more than 30 GWdc solar and 94 GWh storage pipeline across the Western United States.

Shimtech Industries Acquires Fastener Technology Corp

December 16, 2019

Aerospace & Defense

Shimtech Industries, a PE-backed aerospace components platform, has acquired Fastener Technology Corp. (FTC), a North Hollywood supplier of high-strength specialty fasteners for commercial and military aerospace customers. FTC will remain led by its existing management team and will integrate with Shimtech's aerospace divisions to expand manufacturing capacity and product offerings.

JW Hill Capital Acquires Performance Plastics and Angeles Composites Technologies

October 26, 2021

Aerospace & Defense

JW Hill Capital, a Scottsdale-based private equity firm, acquired Performance Plastics, Inc. (San Diego, CA) and Angeles Composites Technologies, Inc. (Port Angeles, WA) from Avantus Aerospace. The transactions expand JW Hill Capital’s aerospace manufacturing portfolio into precision composite aerostructures serving commercial and military OEMs and tier-one suppliers.

QinetiQ US Acquires Avantus Federal from NewSpring Holdings

May 8, 2022

Aerospace & Defense

QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc, has agreed to acquire Avantus Federal from NewSpring Holdings for an enterprise value of $590 million. The deal expands QinetiQ's U.S. defense and intelligence capabilities by adding Avantus' cyber, data analytics, software development and space services, and is expected to close by the end of 2022 subject to regulatory approvals.