Honeywell Acquires CAES Systems Holdings from Advent International for $1.9B

Veritas Capital Acquires CAES Space Systems

October 13, 2022

Aerospace & Defense

An affiliate of Veritas Capital has entered into a definitive agreement to acquire CAES Space Systems from CAES. Headquartered in Colorado Springs, CAES Space Systems supplies radiation-hardened electronics and mission-critical space components; management will remain in place and the transaction was expected to close in Q1 2023 (terms undisclosed).

CAES Acquires Colorado Engineering, Inc.

October 1, 2021

Aerospace & Defense

CAES has acquired Colorado Engineering, Inc. (CEI), a Colorado Springs-based provider of RF and high-performance computing (HPC) solutions, to broaden CAES' digital systems engineering and manufacturing capabilities. The acquisition combines CAES' RF, microwave and manufacturing expertise with CEI's digital systems, radar, communications and AI/ML capabilities to better serve defense and commercial customers.

Honeywell Acquires Sparta Systems for $1.3 Billion

December 22, 2020

Software

Honeywell has agreed to acquire Sparta Systems from New Mountain Capital for $1.3 billion in an all-cash transaction. Sparta Systems is a provider of enterprise quality management software (QMS) and a next-generation SaaS platform for the life sciences industry; Honeywell will integrate Sparta into Honeywell Forge to expand its life sciences and software capabilities.

FCAH Aerospace (O2 Investment Partners) Acquires Innodyne Systems

August 22, 2024

Aerospace & Defense

O2 Investment Partners, through its platform FCAH Aerospace, has made an investment in and partnered with Innodyne Systems, an FAA/EASA Part 145 repair station specializing in MRO, DER, and OPP component services. The deal positions FCAH to expand its engineering and repair capabilities—adding proprietary DER/OPP repairs and creating cross-sell opportunities across commercial, cargo, defense, regional and business-jet markets.

Madison Dearborn Partners and CoVant Management Acquire AEVEX Aerospace

March 9, 2020

Aerospace & Defense

Madison Dearborn Partners and CoVant Management have agreed to acquire majority ownership of AEVEX Aerospace from Trive Capital. AEVEX is a provider of full‑spectrum airborne intelligence, surveillance, and reconnaissance (AISR) technology solutions to the U.S. Department of Defense, Special Operations, and the Intelligence Community; the company employs approximately 600 people and maintains offices across multiple U.S. states. The transaction is expected to close by the end of Q1 2020, and AEVEX's founder‑management team will retain a significant ownership stake.

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.