Advanced Vehicle Assemblies Acquires Global Automotive Systems

L2 Aviation Acquires Advance Aero

April 22, 2026

Aerospace & Defense

L2 Aviation, an avionics integration, certification, and aircraft modification services provider, announced it has acquired Advance Aero, a precision machining and sheet metal fabrication company based in Mooresville, Indiana. The deal is intended to strengthen L2 Aviation’s vertical integration by bringing critical aerospace-grade machining and fabrication in-house to improve supply-chain control, reduce lead times, and support turnkey aircraft installation and kitting operations.

Detroit Manufacturing Systems Acquires Android Industries and Avancez to Form Voltava

December 13, 2025

Manufacturing

Detroit Manufacturing Systems (DMS) completed the acquisition of Android Industries and Avancez and combined the businesses into a new company, Voltava, which is headquartered in Auburn Hills, Michigan and is wholly owned by Bruce Smith. The transaction creates a scaled global manufacturing and assembly platform with approximately 5,400 team members across 21 locations to serve automotive, e-mobility, industrial and other end markets, supported by a $450 million asset-based credit facility.

TerraVest Industries Acquires Advance Engineered Products

April 2, 2024

Manufacturing

TerraVest Industries Inc. has entered into an agreement to acquire Advance Engineered Products, a Regina-based manufacturer and service provider in the tank trailer industry. The seller is Ironbridge Equity Partners (with management participation); financial terms were not disclosed. TerraVest said Advance is complementary to its existing tank trailer businesses and will expand its product and service offerings.

ATS Automation, Inc. Acquires Advanced Automation Systems, Inc.

November 1, 2022

Engineering Services

ATS Automation, Inc. has acquired Advanced Automation Systems, Inc., a Tampa-based building automation and facility engineering provider. The business will be integrated into ATS Waypoint to expand ATS's capabilities and presence in the U.S. Southeast and to better support national account clients.

Altura Capital Acquires Automation & Validation Solutions (AVS)

May 16, 2022

Healthcare Services

Altura Capital has acquired Automation & Validation Solutions, Inc. (AVS), a Blue Bell, Pennsylvania-based provider of engineering, automation, validation, and clinical solutions for the pharmaceutical, biotech, medical device, and diagnostic industries. The transaction was marketed by Woodbridge International; Altura, a Coral Gables-based social impact private equity firm, focuses on small and lower-middle market investments with an emphasis on underserved communities and diverse ownership.

MiddleGround Capital Acquires Dura Automotive Systems

May 5, 2020

Manufacturing

MiddleGround Capital has acquired a majority ownership stake in Dura Automotive Systems from Bardin Hill Investment Partners. The private equity firm plans to support Dura's growth as a platform to capitalize on automotive trends including electrification, lightweighting and advanced driver-assistance systems (ADAS).