2023 Year in Review – Preparing for 2024

Written by Stephen Perry | 01/30/2024

2023 marked another successful year for Janes Capital Partners. We closed four (4) Aerospace & Defense M&A transactions in an otherwise lethargic M&A market environment. As we reflect on 2023 and prepare for 2024, we consider ourselves fortunate to have such supportive family, friends, colleagues, clients and referral sources. These relationships have withstood the test of time and represent the foundation of our business. From everyone at Janes Capital Partners, we thank you for your unwavering support--which propels us forward in good times and keeps us resilient when confronted with economic headwinds. Humbled by and appreciative of our past success, we look to 2024 with great anticipation and enthusiasm.

September 26, 2023 – Janes Capital Partners advised Pyramid Precision Machine, Inc. on its sale to to CoreDux Group, a portfolio company of Arcline Investment Management. Founded in 1988 and based in San Diego, Pyramid is a leader in the design, development, and manufacture of high-complexity components and sub-assemblies for next-generation semiconductor manufacturing, aerospace, and energy transition value chains. Pyramid combines design, engineering, and high-quality manufacturing & machining capabilities to create precision components for customers that span the forefront of semiconductor lithography to industrial gas turbine technology.

June 13, 2023 – Janes Capital Partners advised Arcline Investment Management on its acquisition of International Water-Guard ("IWG"). IWG is a leading provider and servicer of proprietary potable water systems and components for use in business and commercial jet applications. Its product portfolio ranges from water treatment units to components such as pumps, on-demand water heaters, tanks or structural details, and complete water systems, including control technology. IWG's products have been factory-installed or retrofitted on over 4,000 aircraft worldwide.

March 1, 2023 – Janes Capital Partners advised Consolidated Precision Products (CPP), a portfolio company of Warburg Pincus and Berkshire Partners, on its divestiture of Onamac Industries to Due West Partners. Based in Everett, WA, Onamac Industries operates out of a 60,000 square foot facility and is a manufacturer of precision machined components, specializing in low-volume, high-mix production for next generation aerospace platforms, complex machined aeroengine castings, and aftermarket aircraft spares.

February 7, 2023 – Janes Capital Partners advised Precision Fuel Components (“PFC”) on its sale to VSE Corporation. Founded in 2001, Washington-based PFC is a leading provider of MRO services for engine accessory and fuel systems supporting the business and general aviation market. PFC specializes in supporting small turbine rotorcraft fuel controls, governors, sensors, bleed valves and fuel pumps, along with radial engine components for RR250, LTS101, PT6, TPE331 and Bendix-Stromberg Carburetors. The Company is FAA Air Agency, Op Spec A003 and A449-2 certified and is a member of the Honeywell Authorized Warranty and Repair Station (AWARS) network.

“OUR BUSINESS IS TO DELIVER SUPERIOR M&A OUTCOMES.
WE MEASURE SUCCESS, ONE CLIENT AT A TIME.”

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