Segment Monthlies

A&D Aftermarket Monthly - March 2024


DIVE INTO THE LATEST A&D AFTERMARKET MONTHLY UPDATE WITH OUR MArch 2024 EDITION

Download and read the March 2024 issue of the A&D Aftermarket Monthly, covering the latest M&A deal activity and valuation trends in the aerospace & defense manufacturing sector, including companies providing maintenance, repair & overhaul (MRO) services, parts manufacturer approval (PMA) and replacement parts, distribution and logistics, supplemental type certificate (STC) and modifications, supply chain management and aftermarket services. Sign up for the A&D Aftermarket Monthly distribution list to stay up-to-date on the headline acquisitions impacting your market and the current dynamics of the publicly traded strategic companies within the industry.


Key A&D Aftermarket Deals Announced

Target
Buyer
Description

Garsite_Logo

ProFlo_Logo

a portfolio company of

Capitol_Meridan_Logo

  • Target: Kansas City, MO-based Garsite is a provider of aviation refueling equipment. The company's aircraft refuelers and hydrant dispensers support in-to-plane fueling companies, oil companies, airlines, freight distribution companies, and fuel marketers around the globe.

  • Buyer: Alvada, OH-based ProFlo is a global supplier of aviation refueling equipment including jet refuelers, hydrant dispensers, and towable hydrant carts as well as offering an extensive catalog of various parts.

  • Terms: Transaction announced on March 1, 2024. Terms not disclosed.

TechniAir_Logo

Argo_MRT_Logo

a joint venture between

Drakkar_LogoArgo_Aviation_Logo
  • Target: Canada-based Techni-Air 2000 inc. is a provider of MRO services. The company's capabilities include custom, technical handling solutions for airlines and dispatch services. The company holds MRO certifications from Transport Canada, the Federal Aviation Administration (FAA), and the European Union Aviation Safety Agency (EASA).

  • Buyer: Canada-based Argo MRT is a global mobile repair team that specializes in composite and metallic structures, modification and project management, repair and overhaul, and line maintenance. The company supports OEMs’, lessors’, and operators’ structural requirements.

  • Terms: Transaction announced on March 4, 2024. Terms not disclosed.

 

MCAS_Logo

 

Yingling_Aviation_Logo

a portfolio company of

AE_Industrial_Logo

  • Target: Wichita, KS-based MCAS is a provider of aircraft MRO, parts, technical assistance, and sales support services to private sector and U.S. federal government aviation markets. MCAS offers overhauls, repairs, rotables, loaners, exchanges, outright units, and technical support.

  • Buyer: Wichita, KS-based Yingling Aviation is a full-service MRO and FBO facility. The company specializes in airframe maintenance, engine and repairs, design and customer interiors, aircraft painting, avionics installation and upgrades, sales, propellers, and parts.

  • Terms: Transaction announced on March 7, 2024. Terms not disclosed.

Mayo_Aviation_Logo

MRO Operations

a portfolio company of

Priester_Logo

Stevens_Aerospace_Defense_Systems_Logo

a portfolio company of

NTC_Group_Logo

  • Target: Denver, CO-based MRO Operations of Mayo Aviation serves as the Rocky Mountain West base for Priester Aviation. The base offers a full suite of MRO services, including aircraft management, maintenance, and private charters.

  • Buyer: Greenville, SC-based Stevens Aerospace and Defense Systems, LLC is a provider of maintenance, refurbishment and overhaul (MRO) services for civilian and military general aviation airframe operators. The company specializes in AOG, avionics, paint, interior services, and government programs.

  • Terms: Transaction announced on March 7, 2024. Terms not disclosed.

Continental_Aircraft_Logo

Aeromax_Logo

a portfolio company of

CrossLake_Logo

  • Target: Miami, FL-based Continental is a provider of MRO services with a key specialization in instruments, avionics, pneumatics, electrical accessories, mechanical accessories, galley equipment, and hydraulic components for aerospace and defense sectors.

  • Buyer: Fort Worth, TX-based Aeromax is a global provider of defense aftermarket solutions. The company specializes in sourcing and manufacturing, engine repair management and parts, kitting, airframes, and common hardware.

  • Terms: Transaction announced on March 14, 2024. Terms not disclosed.

 

MARS_Logo

Aeromax_Logo

a portfolio company of

CrossLake_Logo

  • Target: Miami, FL-based MARS is a Federal Aviation Administration (FAA) repair station that specializes in testing and maintaining hydraulic components for commercial, and military aircraft applications. The company diagnoses and repairs components to the standards established by the OEMs utilizing a fully trained and qualified technical staff.

  • Buyer: Fort Worth, TX-based Aeromax is a global provider of defense aftermarket solutions. The company specializes in sourcing and manufacturing, engine repair management and parts, kitting, airframes, and common hardware.

  • Terms: Transaction announced on March 14, 2024. Terms not disclosed.

 

AquaBlasting_Logo

 

MFT_Logo

a portfolio company of

Battle_Investment_Logo

 

  • Target: Bloomfield, CT-based Aqua Blasting is a provider of shot peening and blasting services to the aerospace, defense, medical, and semiconductor markets. The company's services enhance the durability, performance, and appearance of metals and composite materials and help to extend the lifespan of critical components.

  • Buyer: Forestville, CT-based Metal Finishing Technologies is a provider of diversified metal plating and finishing as well as serving as a certified FAA repair station. The company serves the automotive, marine, aerospace, medical, and electronics sectors.

  • Terms: Transaction announced on March 26, 2024. Terms not disclosed.