Download and read the June 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: Valencia, CA-based Sunvair is a provider of MRO services to private sector and U.S. federal government aerospace and defense markets. The company is a fully-certified FAA Repair Station which specializes in landing gear overhaul and component repair services for commercial and military aircraft.
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Buyer: Greenwich, CT-based Greenbriar Equity is a private equity firm focused on investing in manufacturing and services businesses. The firm targets the following sectors: Aerospace & Defense, Industrial & Business Services, Transportation & Logistics, and Specialty Manufacturing.
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Terms: Transaction announced on June 5, 2024. Terms not disclosed.
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a portfolio company of
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Target: Germany-based Aviationscouts is a reseller and service provider for used components and spare parts for aircraft interiors, such as seats, stowage bins, and power supplies. The company’s primary customers include airlines, MROs, leasing companies, and resellers.
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Buyer: Germany-based Aerotec Europe is a provider of structural maintenance, ULD handling and repair, air cargo transport, cabin repairs and appearance, radome repair services, and drainage cleaning.
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Terms: Transaction announced on June 11, 2024. Terms not disclosed.
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Target: Mesa, AZ-based HB Aerospace offers comprehensive distribution and supply chain solutions for unique, proprietary, and specialty aerospace products. The company’s services include purchasing agent facilitation, asset management, and aircraft kitting.
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Buyer: Charlotte, NC-based Aeromed Group is a private equity firm that owns an alliance of aerospace distribution companies that provide product distribution, supply chain, custom services, and specialized software.
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Terms: Transaction announced on June 11, 2024. Terms not disclosed.
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Target: Stuart, FL-based Aerodyne is a provider of aircraft turbine MRO services. The company specializes in maintaining and repairing private jet engines, such as the JT15 and the PW500 series.
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Buyer: Pompano Beach, FL-based Atlantic Jet Partners is a provider of a wide range of aviation services, including aircraft management, sales, STC certification, avionics, aviation insurance, TBO extension, and aircraft maintenance.
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Terms: Transaction announced on June 13, 2024. Terms not disclosed.
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Target: Memphis, TN-based API is a distributor of aviation products such as chemicals and MRO consumables. The company primarily operates within the chemical management space with an emphasis on handling and control of HAZMAT and shelf-life items.
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Buyer: Charlotte, NC-based Aeromed Group is a private equity firm that owns an alliance of aerospace distribution companies that provide product distribution, supply chain, custom services, and specialized software.
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Terms: Transaction announced on June 25, 2024. Terms not disclosed.
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