Loar Holdings Acquires Harper Engineering for $250 Million

Loar Group Acquires CAV Systems Group from Baird Capital

September 6, 2023

Aerospace & Defense

Loar Group Inc. has completed the acquisition of CAV Systems Group Limited (CAV) from Baird Capital, giving Baird a full exit from its 2017 investment. Headquartered in Consett, County Durham, CAV is a provider of in‑flight ice protection and drag‑reduction technologies; Loar said the deal expands its proprietary aerospace capabilities and aftermarket offering.

LDC Completes Investment in Harper James

September 8, 2025

Legal Services

LDC has completed a growth investment in Harper James, a Birmingham-based full-service commercial law firm that serves SMEs through a subscription-based, tech-enabled model. The investment backs founder and CEO Toby Harper and will support organic growth, further development of proprietary AI-driven technology, and complementary acquisitions to broaden the firm’s service offering.

AAR Corp. Acquires HAECO Americas from HAECO Group

November 3, 2025

Aerospace & Defense

AAR Corp. has acquired HAECO Americas from HAECO Group for $78 million in cash, expanding AAR's heavy maintenance footprint with two facilities in Greensboro, North Carolina and Lake City, Florida. The deal adds roughly 1,600 employees and comes with multi-year heavy maintenance contracts worth over $850 million, which effectively sell out the acquired facilities and support AAR's Repair & Engineering growth strategy.

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.

Borgman Capital Acquires Harlo Corporation

June 3, 2025

Manufacturing

Borgman Capital, a Milwaukee-based private investment firm, has acquired Harlo Corporation, an 88-year-old manufacturer of rough terrain forklifts headquartered in Grandville, Michigan. The transaction transfers ownership from the Crooks family to Borgman Capital; Harlo will continue to operate under its name with existing leadership and 54 employees, and will gain resources to expand capacity and product development.

Latécoère Acquires Avcorp Industries Inc.

May 5, 2022

Aerospace & Defense

Latécoère has agreed to acquire all outstanding common shares of Avcorp Industries Inc. for approximately CAD$41 million, strengthening its Aerostructures business by adding wing sub-assemblies, large-scale composite capabilities and North American manufacturing footprint. The acquisition increases Latécoère's exposure to North American defence and commercial aircraft platforms (including the B737 Max and F-35) and is expected to close in 2022 subject to customary approvals.