Textron eAviation Acquires Amazilia Aerospace

Textron Completes Acquisition of Pipistrel

April 18, 2022

Aerospace & Defense

Textron Inc. has completed the acquisition of Pipistrel (including PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o. and PIPISTREL ITALIA S.R.L.) for approximately €218 million. Pipistrel's founder Ivo Boscarol will remain a minority shareholder with roughly a 10% interest for two years as Textron integrates Pipistrel into its new Textron eAviation segment to accelerate development and certification of electric and hybrid-electric aircraft.

DC Capital Partners Acquires uAvionix Corporation

March 9, 2022

Aerospace & Defense

DC Capital Partners Management, LP has acquired uAvionix Corporation, a maker of small form-factor communications, navigation, and surveillance avionics for unmanned and manned aircraft. The private equity firm said it will support uAvionix in scaling operations, expanding product capabilities, and pursuing adjacent and defense markets globally.

Mercury Systems Acquires Avalex Technologies Corporation

September 27, 2021

Aerospace & Defense

Mercury Systems, Inc. signed a definitive agreement to acquire Avalex Technologies Corporation, a Gulf Breeze, Florida-based provider of mission-critical avionics (rugged displays, communications management, digital video recorders, and warning systems). The all-cash asset purchase (subject to customary adjustments) is expected to be funded with cash on hand and the company's revolving credit facility; Avalex generated approximately $40 million of revenue for the year ended December 31, 2022 with ~25% adjusted EBITDA margins and the deal was expected to close in Mercury's fiscal Q2 2022 (subject to HSR clearance).

Precision Aviation Group Acquires EFIX Aviation Support

October 28, 2020

Aerospace & Defense

Precision Aviation Group (a portfolio company of GenNx360 Capital Partners) has acquired Brazil-based EFIX Aviation Support, an ANAC- and EASA-certified MRO provider based in São José dos Campos. The add-on expands PAG's MRO capabilities (landing gear, hydraulic/pneumatic, avionics, accessories) and strengthens its footprint and in-country support in Brazil and broader Latin America.

Volaris Group Acquires EASA Software

July 26, 2022

Software

Volaris Group Inc., an operating group of Constellation Software, has acquired EASA Software, a low-code application development platform that turns spreadsheet models into secure web apps. EASA is headquartered in Oxford, United Kingdom, with additional offices in Tampa, Florida and Pittsburgh, Pennsylvania, and will continue to operate autonomously under its General Manager, Seb Dewhurst.

Madison Dearborn Partners and CoVant Management Acquire AEVEX Aerospace

March 9, 2020

Aerospace & Defense

Madison Dearborn Partners and CoVant Management have agreed to acquire majority ownership of AEVEX Aerospace from Trive Capital. AEVEX is a provider of full‑spectrum airborne intelligence, surveillance, and reconnaissance (AISR) technology solutions to the U.S. Department of Defense, Special Operations, and the Intelligence Community; the company employs approximately 600 people and maintains offices across multiple U.S. states. The transaction is expected to close by the end of Q1 2020, and AEVEX's founder‑management team will retain a significant ownership stake.