Ajax Defense Acquires Whelan Machine & Tool

Aeron Defense (Ventus Industrial Partners) Acquires General Tool Company and Magna Machine Company

February 4, 2026

Industrial Services

Ventus Industrial Partners formed Aeron Defense to build a manufacturing platform serving the U.S. defense industrial base, and announced the acquisitions of General Tool Company (GTC) and Magna Machine Company. Aeron will acquire Magna in Forest Park, Ohio, while General Tool Company will also merge with longtime sister company Magna Machine under the GTC brand, expanding manufacturing capacity and capabilities.

Palladyne AI Acquires GuideTech, Warnke Precision Machining and MKR Fabricators to Form Palladyne Defense

November 17, 2025

Aerospace & Defense

Palladyne AI (NASDAQ: PDYN) acquired GuideTech LLC and two Crucis companies — Warnke Precision Machining and MKR Fabricators — to create a vertically integrated defense division, Palladyne Defense, combining embodied AI, avionics engineering and U.S.-based precision manufacturing. The combined transaction (~$31M purchase consideration plus earnout potential) is expected to materially increase Palladyne's revenue and provide immediate production capacity and defense programs revenue.

Hanover Investors Acquires Llanelec Precision Engineering

July 29, 2025

Manufacturing

Hanover Investors has acquired Llanelec Precision Engineering, a Neath, Wales-based manufacturer of precision-machined components for the defence and aerospace sectors. The investment—made via Hanover Active Equity Fund III—will see Hanover partner with CEO Spencer John to support Llanelec's growth and strategic development from its 120,000 sq. ft. manufacturing facility.

Alinabal Group Acquires ERW, Inc.

March 25, 2024

Manufacturing

Alinabal Group has acquired ERW, Inc., a Putnam, Connecticut-based precision sheet metal fabricator and machined products manufacturer that has served the aerospace and medical device industries since 1985. The acquisition expands Alinabal Group's domestic manufacturing footprint and adds in-house welding, fabrication and machining capabilities to support OEM customers across aerospace, defense and medical end markets.

Andra Tech Group Acquires Lemmens Metaalbewerking

December 6, 2023

Manufacturing

Andra Tech Group, a portfolio company backed by Equistone, has acquired Netherlands-based Lemmens Metaalbewerking. The undisclosed deal brings c.40 employees and large-scale milling and post-processing capabilities into Andra’s platform, further expanding its manufacturing footprint in the Netherlands.

Consolidated Machine & Tool Holdings Acquires Delva Tool & Machine Corporation

October 6, 2020

Manufacturing

Consolidated Machine & Tool Holdings (CMTH), a platform company backed by White Wolf Capital, acquired Delva Tool & Machine Corporation (DTM), a precision machining and contract manufacturing business based in Cinnaminson, New Jersey. The add-on expands CMTH's capacity and capabilities—adding advanced robotics and defense/aerospace customers—and provides DTM access to capital to support future growth; financial terms were not disclosed.