Avem Partners Acquires Astech Engineered Products

Avem Partners Acquires FMI Aerostructures

April 15, 2025

Aerospace & Defense

Avem Partners, with capital support from True West Capital Partners, a prominent family office and other investors, closed the acquisition of substantially all assets of Dynamic Aerostructures, Inc. (doing business as FMI Aerostructures) via a court-supervised Section 363 sale following the company's Chapter 11 filing. Avem intends to stabilize operations at FMI's 226,000-square-foot Valencia, California manufacturing facility, leverage customer relationships with major aerospace OEMs, and expand its aerospace and defense manufacturing footprint.

TerraVest Industries Acquires Advance Engineered Products

April 2, 2024

Manufacturing

TerraVest Industries Inc. has entered into an agreement to acquire Advance Engineered Products, a Regina-based manufacturer and service provider in the tank trailer industry. The seller is Ironbridge Equity Partners (with management participation); financial terms were not disclosed. TerraVest said Advance is complementary to its existing tank trailer businesses and will expand its product and service offerings.

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.

New State Capital Partners Acquires AVEX

December 21, 2021

Aerospace & Defense

New State Capital Partners has acquired AVEX, a leading North American dealer and maintenance provider for the Daher TBM turboprop, from founder Terry Winson, who is retiring. AVEX — which operates in California and Colorado and provides aircraft sales, maintenance and aftermarket services — will serve as the anchor investment for New State's new aviation platform; terms were not disclosed.

Cadence Aerospace (Arlington Capital) Acquires B&E OEM Manufacturing Division

November 6, 2019

Aerospace & Defense

Cadence Aerospace, a portfolio company of Arlington Capital Partners, has acquired the OEM Manufacturing Division of B&E Group, adding two Massachusetts facilities (Southwick and Westfield) that specialize in complex, difficult-to-machine engine components for aerospace and defense customers. The deal expands Cadence's engine-component capabilities and creates scale across its Tell Tool and ADM operations as an add-on to the Cadence platform.

Westbourne Capital Partners Invests in Mesotech International

September 19, 2022

Manufacturing

Westbourne Capital Partners completed a strategic growth investment in Mesotech International, a Sacramento–area designer and manufacturer of meteorological and environmental monitoring systems, to support the company's expansion into civil and military aviation and adjacent end-markets. Mesotech's existing leadership will remain in place while Westbourne will add resources and executive support to accelerate product development, customer relationships, and market penetration.