Bain Capital Acquires Aerospace Technologies Group (ATG); Joins with Jamco to Expand Cabin Interiors Platform

The Thermal Group (Behrman Capital Portfolio) Acquires ACT Aerospace

February 3, 2025

Aerospace & Defense

The Thermal Group, a Behrman Capital portfolio company, acquired Applied Composite Technology Aerospace, LLC (ACT), a Gunnison, Utah-based manufacturer of advanced composite structures for the aerospace and defense markets. The add-on expands TTG's engineered solutions by adding composite design and manufacturing capabilities to enable cross-selling and support long-term growth; financial terms were not disclosed.

A&M Capital Partners Acquires Majority Stake in VTG

September 25, 2023

Aerospace & Defense

A&M Capital Partners has made a majority investment in VTG, a provider of modernization and digital transformation solutions for the U.S. Defense and Intelligence Community. The Jordan Company exited its ownership as part of the transaction; A&M plans to grow VTG via a mix of organic investments and acquisition-driven expansion.

Heads Up Technologies Acquires ALTO Aviation

October 17, 2023

Aerospace & Defense

Heads Up Technologies, a portfolio company backed by JLL Partners, has acquired ALTO Aviation, a Sterling, Massachusetts-based designer and manufacturer of premium OEM and aftermarket cabin audio and cabin management systems. The acquisition expands Heads Up's product portfolio and strengthens its presence in the OEM and aftermarket business aviation markets.

Torque Capital Group Acquires Joe Gibbs Manufacturing Solutions (JGA Space & Defense)

December 1, 2025

Aerospace & Defense

Torque Capital Group has acquired Joe Gibbs Manufacturing Solutions from Joe Gibbs Racing and rebranded the business as JGA Space & Defense. The company will focus on supplying advanced specialty composites, precision-machined aerospace and defense components, and rocket propulsion assemblies, and will expand into a ~60,000 sq. ft. facility in Huntersville, North Carolina to support growth into the space and defense supply chain.

Bain Capital-led Consortium to Acquire ITP Aero from Rolls‑Royce

September 27, 2021

Aerospace & Defense

Rolls‑Royce has signed a definitive agreement to sell 100% of ITP Aero to a Bain Capital Private Equity‑led consortium, including Spanish co‑investors SAPA and JB Capital, for approximately €1.7 billion. The sale is part of Rolls‑Royce’s disposal programme to raise proceeds and will position ITP Aero as an independent, growth‑focused aerospace supplier headquartered in the Basque Country, Spain; the transaction is expected to close in H1 2022 subject to regulatory approvals.

Heads Up Technologies Acquires STG Aerospace

August 18, 2022

Aerospace & Defense

Heads Up Technologies, a Dallas-based aircraft systems manufacturer (PE-backed by JLL Partners), has acquired STG Aerospace, a UK-based maker of photoluminescent and LED aircraft cabin lighting. The deal expands Heads Up’s cabin- and safety-lighting portfolio and brings STG’s concept-to-certification capability and proprietary IP into Heads Up’s platform as an add-on acquisition.