Calspan Acquires Aero Systems Engineering (ASE) from Gen Cap America

TransDigm Acquires Calspan Corporation

March 14, 2023

Aerospace & Defense

TransDigm Group Incorporated has entered into a definitive agreement to acquire Calspan Corporation, a Buffalo-based provider of aerospace and defense testing and technology development services. Calspan operates seven primary facilities, employs approximately 625 people, and is expected to generate about $200 million in revenue for calendar year 2023; TransDigm expects to finance the acquisition with cash on hand and close in fiscal 2023 subject to regulatory approvals.

Cerberus Acquires Calspan's Hypersonics and Test Systems Business Units; Forms North Wind

May 30, 2024

Aerospace & Defense

Cerberus Capital Management has acquired Calspan’s hypersonic and defense test systems business units from TransDigm Group and established North Wind, an independent supplier focused on hypersonic test infrastructure, systems and services. The transaction brings together Calspan Aero Systems Engineering (St. Paul, MN) and Calspan Systems (Newport News, VA) under a standalone platform to expand U.S. hypersonic test capabilities for government RDT&E and aerospace customers.

VSE Corporation Acquires Aero 3 from GenNx360 Capital Partners

December 23, 2025

Aerospace & Defense

VSE Corporation has completed the acquisition of GenNx/AeroRepair IntermediateCo Inc., the parent company of Aero 3, from GenNx360 Capital Partners for $350 million in cash (subject to working capital adjustments). The deal expands VSE's global aviation aftermarket distribution and MRO capabilities—particularly in wheel and brake repair and distribution—and was funded with proceeds from VSE's October 2025 public offering.

StandardAero Acquires Aero Turbine Inc.

August 26, 2024

Aerospace & Defense

StandardAero has acquired Aero Turbine, Inc., a Stockton, California-based provider of military engine and accessories MRO services, from Gallant Capital Partners. The acquisition strengthens StandardAero's military engine and component repair capabilities and adds a fully integrated 60,000+ sq. ft. Stockton facility and nearly 200 technicians to its network.

VSE Corporation Acquires Kellstrom Aerospace Group

December 3, 2024

Aerospace & Defense

VSE Corporation (NASDAQ: VSEC) has completed the acquisition of Kellstrom Aerospace Group, Inc., a portfolio company of AE Industrial Partners, expanding VSE Aviation's distribution and MRO capabilities in the commercial engine aftermarket. VSE said the deal was funded with cash (approximately $185 million) and 172,414 common shares (subject to working capital adjustments); AE Industrial Partners' announcement characterized the sale as $200 million.

Karman Missile & Space Systems Acquires AAE Aerospace

February 9, 2021

Aerospace & Defense

Karman Missile & Space Systems, a Trive Capital portfolio company, has acquired AAE Aerospace, a manufacturer of high-temperature composites used in missile, interceptor, and space propulsion subsystems. The deal expands Karman's end-to-end production capabilities for critical propulsion components and keeps AAE's senior leadership as equity holders; Trive served as the sponsor and advisors included Lazard Middle Market and D.A. Davidson.