Advent Agrees to Acquire Coherent Aerospace and Defense Business

Joby Aviation to Acquire Resonant Sciences to Build Dedicated Defense Business

August 11, 2026

Aerospace & Defense

Joby Aviation entered into a definitive agreement to acquire Resonant Sciences, a Dayton, Ohio-based defense technology company, for approximately $500 million. Upon closing (expected in the first half of 2027), Resonant will become Joby’s dedicated defense business and continue operating under the Resonant Sciences name while expanding its portfolio with Joby’s autonomy and aircraft technologies.

Advent International Invests in Atwell, LLC

March 27, 2026

Professional Services

Advent International has agreed, in partnership with management, to make a significant investment in Atwell, LLC, an engineering, consulting, and construction services firm serving critical infrastructure in the United States. The deal is expected to close in Q2 2026, subject to customary regulatory approvals and closing conditions.

Honeywell to Acquire CAES Systems Holdings from Advent International for $1.9 Billion

June 23, 2024

Aerospace & Defense

Honeywell agreed to acquire CAES Systems Holdings LLC (CAES) from Advent International in an approximately $1.9 billion all-cash transaction. The acquisition is intended to expand Honeywell’s defense technology capabilities across land, sea, air, and space—particularly in radio-frequency (RF) signal management, radar, and sensing technologies—using CAES’s scalable RF offerings and production base.

Advent International and BCI Complete Acquisition of Maxar Technologies

May 3, 2023

Aerospace & Defense

Advent International, together with minority investor British Columbia Investment Management Corporation (BCI), completed the acquisition of Maxar Technologies. The deal was announced in December 2022 as an all-cash transaction valuing Maxar at approximately $6.4 billion ($53.00 per share) and has now closed, taking Maxar private and ending its stock exchange listings.

II-VI Incorporated to Acquire Coherent, Inc. in Cash-and-Stock Deal

July 1, 2022

Industrial Services

II-VI Incorporated entered into an acquisition of Coherent, Inc. in a cash-and-stock transaction valued at about $6.3 billion. Under the terms, each Coherent share was exchanged for $220.00 in cash and 0.91 shares of II-VI common stock, with the deal expected to close in Q4 2021 and subject to customary approvals. II-VI later announced the acquisition completed, forming a global leader in materials, networking, and lasers.

Aero Precision Acquires Kellstrom Defense

March 2, 2020

Aerospace & Defense

Aero Precision, a PE-backed aerospace distribution and services platform, has acquired Kellstrom Defense, a provider of defense aircraft aftermarket sustainment solutions. The deal combines distribution, repair & overhaul, engineering and logistics capabilities to create a larger privately owned military aftermarket distributor and expand Aero Precision's global defense aviation support footprint.