Applied Aerospace Acquires NeXolve

Applied Materials Acquires ASMPT NEXX Business

May 4, 2026

IT Services

Applied Materials signed and later completed the acquisition of ASMPT NEXX, Inc.’s NEXX business from ASMPT Limited (via ASM Assembly Systems, LLC) for $120 million. The deal expands Applied’s advanced semiconductor packaging capabilities, specifically panel-level electrochemical deposition technologies used for fine-pitch interconnects in emerging large-format (510 x 515 mm) chiplet-based architectures.

Applied Aerospace 26 Defense Acquires Vestigo Aerospace and Spinnakerae Product Line

February 24, 2026

Aerospace & Defense

Applied Aerospace 26 Defense (Applied) announced its acquisition of Vestigo Aerospace, including Vestigo’s Spinnakerae deorbit systems product line. Spinnakerae drag sails are designed to help deorbit low Earth orbit satellites and launch-vehicle components to comply with evolving orbital debris and licensing/regulatory requirements.

Greenbriar-backed Applied Aerospace and PCX Aerosystems Combine to Form Applied Aerospace & Defense

December 3, 2025

Aerospace & Defense

Greenbriar Equity Group has formed a new platform, Applied Aerospace & Defense, by combining Applied Aerospace and PCX Aerosystems to create a scaled supplier of precision flight, space and defense hardware. The combined company brings complementary capabilities in metal, composite and polymer manufacturing, more than 1,300 employees across nine locations in five states, and 1.3 million square feet of production and integration facilities to serve military, commercial aerospace and space customers.

Integrated Polymer Solutions (Arcline Portfolio) Acquires AkroFire

December 22, 2022

Aerospace & Defense

Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, has acquired AkroFire, a designer and manufacturer of elastomeric fire seal solutions and cargo bay repairs serving business jet, commercial aerospace, and defense markets. The acquisition is an add-on to IPS intended to expand its aerospace sealing and engineering capabilities and scale production for OEM customers.

Greenbriar Equity Group Acquires Applied Aerospace Structures Corporation

December 8, 2022

Aerospace & Defense

Funds managed by Greenbriar Equity Group acquired Applied Aerospace Structures Corporation (AASC), a Stockton, California-based provider of complex composite and metal-bonded structures for space, aerospace, and defense programs. The investment will support AASC's growth and expansion plans — including organic growth and selective acquisitions — while financial terms were not disclosed.

PCX Aerosystems Acquires NuSpace

September 12, 2022

Aerospace & Defense

PCX Aerosystems, a Connecticut-based aerospace supplier owned by Greenbriar Equity Group, acquired NuSpace, Inc. on September 2, 2022 from Cornerstone Capital Holdings and members of NuSpace’s leadership team. NuSpace, based in Long Beach, California, designs and manufactures proprietary propellant and high‑pressure tanks for satellites, launch vehicles, spacecraft and missile platforms, expanding PCX’s flight‑critical capabilities in the space and defense markets.