Airtopia Group (Lelantos Holdings) Acquires Local Cabinet Company and Commercial Signage Fabricator from Clinton Engles

The Stephens Group Forms Aptus Aero and Acquires Atlas Aerospace Accessories

April 14, 2026

Aerospace & Defense

The Stephens Group formed Aptus Aero, a new aviation MRO platform focused on acquiring and scaling component maintenance, repair, and overhaul businesses, and completed the acquisition of Atlas Aerospace Accessories. Atlas Aerospace Accessories is a Part 145 repair station based in Doral, Florida, providing component repair services across pneumatics, hydraulics, electromechanical systems, electronics, and fuel systems.

Altus Capital Partners Acquires Air Innovations, LLC

December 4, 2024

Manufacturing

Altus Capital Partners, a private equity firm focused on middle-market manufacturing, has acquired Air Innovations, LLC, a North Syracuse, New York-based designer and manufacturer of custom environmental control units (ECUs) serving wine, aerospace, semiconductor, homeland security, and healthcare markets. Financial terms were not disclosed; Air Innovations' management will remain in place and Altus said it will support the company’s growth and end-market diversification.

ProA Capital Acquires 70% Stake in Avioparts

September 7, 2023

Logistics & Distribution

Spanish private equity firm ProA Capital has agreed to acquire roughly 70% of Avioparts, a distributor of aircraft components, lubricants and logistics solutions, in a deal that values the company at about €40 million. The transaction is structured as a share purchase plus a capital increase to support Avioparts’ organic and inorganic growth; founder David Fojon will remain CEO and a minority shareholder.

Apollo, J.F. Lehman & Hill City Capital Acquire Atlas Air Worldwide for $5.2 Billion

March 17, 2023

Transportation

An investor group led by funds managed by affiliates of Apollo, together with J.F. Lehman & Company and Hill City Capital, acquired Atlas Air Worldwide for an enterprise value of approximately $5.2 billion, paying $102.50 per share in cash. Atlas Air Worldwide will become privately held and continue operating under its existing leadership to accelerate execution of its strategic plan and capitalize on long-term demand for global air cargo services.

Hyperion Capital Partners Acquires Kabinart (United Cabinet Company)

April 30, 2021

Building Products

Hyperion Capital Partners completed the acquisition of United Cabinet Company, LLC (dba Kabinart) from the Murray family. Kabinart, a Nashville-based manufacturer of premium semi-custom and custom cabinets for the high-end residential market, will remain under existing management with financing provided by Oxer Capital and Salem Investment Partners.

Aero Interiors Company (Balmoral affiliate) Acquires AeroVentions, LLC

May 14, 2019

Manufacturing

Aero Interiors Company (an affiliate of Balmoral Funds) completed a bolt‑on acquisition of AeroVentions, LLC, a designer, manufacturer and assembler of aircraft interior products based in Austin, Texas. The deal expands AIC’s product breadth, customer relationships and management talent as several senior managers from AeroVentions rejoin the platform to support growth and service quality.