Intelsat Acquires Gogo's Commercial Aviation Business

Gogo Inc. Acquires Satcom Direct

September 30, 2024

Telecommunications

Gogo Inc. has agreed to acquire Satcom Direct for $375 million in cash plus five million shares of Gogo stock, with up to $225 million of additional earnout consideration tied to performance thresholds. The deal creates a multi-orbit, multi-band in-flight connectivity provider, expanding Gogo's global business aviation footprint and adding Satcom Direct's military/government capabilities and international sales/service presence.

SES Completes Acquisition of Intelsat

July 17, 2025

Telecommunications

SES has completed its acquisition of Intelsat, creating a strengthened multi-orbit satellite operator with an expanded fleet and combined capabilities across GEO, MEO and access to LEO. The deal brings together complementary satellite assets, ground networks and teams to expand government, aviation, maritime and media connectivity offerings and capture cost synergies.

Gilat Satellite Networks Acquires Stellar Blu Solutions

June 17, 2024

Aerospace & Defense

Gilat Satellite Networks has acquired Stellar Blu Solutions, a U.S.-based provider of next-generation ESA-based SATCOM terminals for in-flight connectivity. Gilat paid $98 million at closing with up to $147 million of additional contingent cash payments tied to post-closing milestones; the deal strengthens Gilat's capabilities and market position in the commercial and business aviation IFC market.

SMBC Aviation Capital Acquires Goshawk Management Ltd.

December 21, 2022

Transportation

SMBC Aviation Capital completed the acquisition of Dublin-based aircraft lessor Goshawk Management Ltd., creating the second-largest global aircraft lessor by number of aircraft and the largest Japanese-owned lessor. The combined business operates a portfolio of over 700 owned and managed aircraft (with additional new-technology narrowbody orders) and is positioned to benefit from a sector recovery through enhanced scale and funding advantages.

Connect Bidco (Apax, Warburg Pincus, CPP, Ontario Teachers') Acquires Inmarsat

December 1, 2019

Telecommunications

Connect Bidco Limited, an acquisition vehicle owned by a consortium of funds advised by Apax Partners and Warburg Pincus together with the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board, completed a recommended cash offer to acquire all issued ordinary share capital of Inmarsat. The consortium said the investment will support Inmarsat’s market leadership in maritime, aviation and defence communications and help the company capitalise on in-flight connectivity and Internet of Things opportunities.

Iridium Communications Acquires Satelles

March 4, 2024

Telecommunications

Iridium Communications has agreed to acquire Satelles, a provider of satellite-based Satellite Time and Location (STL) services that harden and complement GNSS timing and location systems. Iridium will pay about $115 million for the remaining ~80% of Satelles (it already owned ~20%), will fold STL into a new Iridium business line led by Satelles CEO Dr. Michael O'Connor, and expects the capability to drive significant service revenue growth.