Download and read the April 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
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Buyer
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Description
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a portfolio company of
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Target: Vero Beach, FL-based Approved Turbo Components specializes in the overhaul and exchange of turbocharger systems, complete in-house service-repair-testing, heat blanket sales, pressure relief valves, wastegates, and controllers.
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Buyer: Piqua, OH-based Hartzell Aviation specializes in welding, bending and fabricating sheet metal and tubing. The company manufactures, repairs and overhauls piston aircraft exhaust and engine mounts, primarily as an aftermarket focused business.
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Terms: Transaction announced on April 8, 2024. Terms not disclosed.
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Target: Fairhope, AL-based Segers is an FAA approved provider of aircraft engine and propeller overhaul services for private sector and U.S. federal government aerospace and defense markets. The company is a Rolls-Royce Authorized Maintenance Center for the T56/501 engine, a Lockheed Martin Hercules QEC Service Center, and Honeywell-Approved Fuel Component
Service Center for the T56/501.
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Buyer: Miami, FL-based H.I.G. Capital is a global private investment firm that specializes in providing capital to small and medium-sized companies. The firm primarily focuses on management-led buyouts or recapitalizations of manufacturing and service businesses.
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Terms: Transaction announced on April 9, 2024. Terms not disclosed.
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Target: Teterboro, NJ-based Alpha Aircraft is an AOG maintenance company that provides services such as scheduled maintenance, engine and airframe repairs, navigation system updates, and MEL discrepancy resolutions for time-sensitive flights.
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Buyer: Farmingdale, NY-based Ventura Air Services is a provider of private jet charter and in-house aircraft maintenance services. The company’s capabilities include flight operations, charter sales, avionics, and maintenance control. Additionally, the company operates a fleet of Challengers and Citations.
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Terms: Transaction announced on April 9, 2024. Terms not disclosed.
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Target: Netherlands-based SECOA is a provider of surface treatments, paints and coatings, adhesives and sealants, cleaners and lubricants, as well as tapes and other specialty products.
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Buyer: France-based ADDEV Materials is a distributer and converter of high-performance materials for aerospace, defense, space, energy, and automotive sectors. The company specializes in providing materials
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Terms: Transaction announced on April 23, 2024. Terms not disclosed.
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