Avem Partners Acquires FMI Aerostructures

Endeavour Capital Acquires Forrest Machining (FMI Aerostructures)

August 10, 2021

Aerospace & Defense

Endeavour Capital has acquired Forrest Machining, Inc. (FMI Aerostructures), a Valencia, California-based manufacturer of critical structural components and assemblies for the aerospace and defense industry. The acquisition establishes a new aerospace platform for Endeavour focused on capacity and capability expansion; Tim Mickael joins as CEO and the existing management team remains in place.

Avem Partners Acquires Astech Engineered Products

June 5, 2023

Aerospace & Defense

Avem Partners has acquired Astech Engineered Products, a designer and manufacturer of welded honeycomb metallic aerostructures for commercial, military and space customers. True West Capital Partners provided growth capital in support of the acquisition alongside investments from Avem principals and other high-net-worth individuals; Avem intends to leverage its aerospace industry expertise and capital to expand Astech’s capabilities and market presence.

Tex-Tech Industries Acquires Fiber Materials Inc. from Spirit AeroSystems for $165M

January 13, 2025

Aerospace & Defense

Spirit AeroSystems has sold its Fiber Materials Inc. (FMI) business to Tex‑Tech Industries, Inc. for $165 million in cash. FMI — a supplier of high‑temperature carbon/carbon and ceramic matrix composites with facilities in Biddeford, Maine and Woonsocket, Rhode Island and roughly 400 employees — supplies materials for defense and NASA programs; Tex‑Tech said the acquisition expands its thermally protective materials capabilities for aerospace, defense and space markets.

First Aviation Services Acquires Associated Aircraft Manufacturing & Sales (AAMSI)

November 30, 2022

Aerospace & Defense

First Aviation Services Inc. has acquired Associated Aircraft Manufacturing & Sales, Inc. (AAMSI), a Fort Lauderdale-based manufacturer and MRO provider for aircraft electronics, avionics, hydraulic and landing gear components. The deal, completed on November 22, 2022, expands First Aviation's manufacturing and repair capabilities — particularly its defense / DOD-approved repairs — and creates opportunities for vertical integration across its component repair and overhaul operations.

AMF Holdings Acquires US Aircraft Finance in Management Buyout

January 6, 2024

Financial Services

AMF Holdings, LLC completed a management buyout of US Aircraft Finance, LLC, a national specialist in light aircraft lending and loan servicing. The transaction transfers ownership from the company's shareholders (following the recent passing of founder David Savoie) to AMF Holdings, which will continue USAF's aircraft lending and servicing operations from Richmond, Vermont.

Novaria Group Acquires FMi Chemical, Inc.

April 26, 2022

Manufacturing

Novaria Group has signed a definitive agreement to acquire FMi Chemical, Inc., a Bloomfield, Connecticut-based supplier of nonmetallic aerospace sealants, compounds and coatings. FMi will continue operating out of Bloomfield under COO Nancy Daigle, with the company being purchased from its current owner, Harry Fine; terms were not disclosed and the transaction was expected to close in May 2022.