Download and read the July 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
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Buyer
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Description
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a portfolio company of
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Undisclosed Private Investor
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Target: Ontario, CA-based Certified Aviation Services provides maintenance, repair, and overhaul services for fleet operators, leasing companies, OEMs, and adjusters. It offers aircraft services including aircraft appearance, line maintenance, and hangar capabilities. The company offers component services including engineering, manufacturing, and capability search.
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Buyer: Undisclosed private investor.
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Terms: Transaction announced on July 1, 2024. Terms not disclosed.
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Target: Panama City, FL-based MRO Holdings is a provider of aircraft maintenance solutions for the global commercial airline industry. The company performs approximately 10 million hours of aircraft maintenance and modifications for commercial airline customers annually. Bain Capital acquired a minority stake in the company.
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Buyer: Boston, MA-based Bain Capital is a private, alternative asset management firms whose affiliates manage approximately $105 billion of assets under management.
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Terms: Transaction announced on July 9, 2024. Terms not disclosed.
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a portfolio company of
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a portfolio company of
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Target: Frisco, TX-based EmpowerMX is a provider of cloud-based software-as-a-service (SaaS) intelligent maintenance solutions for private sector and U.S. federal government aerospace markets. The company's principle product is FleetCycle®, a software solution used to manage, plan, execute, and optimize aircraft maintenance, repair, and overhaul.
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Buyer: Sweden-based IFS AB develops and supplies component-based business applications that streamline operations in medium-size and large enterprises and that offer step-by-step evolution to the extended enterprise.
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Terms: Transaction announced on July 10, 2024. Terms not disclosed.
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MRO Division
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Target: Buffalo, NY-based Private Jet Maintenance offers MRO services for business jets. The company primarily focuses on providing services for the Bombardier Learjet, Bombardier Challenger, Cessna Citation, and Dassault Falcon.
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Buyer: Buffalo, NY-based Private Jet Maintenance offers MRO services for business jets. The company primarily focuses on providing services for the Bombardier Learjet, Bombardier Challenger, Cessna Citation, and Dassault Falcon.
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Terms: Transaction announced on July 23, 2024. Terms not disclosed.
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