Download and read the August 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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Description
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a portfolio company of
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Target: Granite City, IL-based APS is a supplier of proprietary replacement wheel & brake components and custom hose kits for general aviation aircraft. The company designs and manufactures single-disc and multi-disc brakes for various general aviation aircraft that undergo significant reliability testing and that are suitable in rugged environments.
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Buyer: Pacific Palisades, CA-based VS Aviation is a newly formed platform company under the ownership of Vance Street Capital. The platform targets companies that lead in engineering, manufacturing and distribution of aerospace products.
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Terms: Transaction announced on August 14, 2024. Terms not disclosed.
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Target: Tulsa, OK-based ETP Thermal Dynamics specializes in MRO services for heat exchangers, as well as oil coolers, fuel heaters, and electromechanical and hydraulic components. The company's customer base includes LHT and Lufthansa, as well as a variety of airlines, MROs, OEMs and suppliers.
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Buyer: Germany-based Lufthansa Technik provides aircraft MRO and modification services to the aviation industry worldwide. The company offers maintenance services to aircraft, engines, components, composite structures, and landing gears. Additionally, the company specializes in VIP aircraft services, special mission aircraft, support of military aircraft, and leasing and trading services.
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Terms: Transaction announced on August 22, 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: Stockton, CA-based Aero Turbine is a provider of turbine engine and accessory overhaul, repair and testing services to private sector and U.S. federal government aerospace and defense markets. Supported engines include J85-21/17/13/5/4, T56 A.W.A.R.S., RR250 A.W.A.R.S., J69-25A & T41, APU - GTCP 65/85/185/185LA, J79, and LM 1500.
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Buyer: Scottsdale, AZ-based StandardAero offers services in the areas of engine, airframe, avionic, VIP aircraft, and component repair aspects; parts; and certification and engineering services. The company serves the commercial aviation, business aviation, government and military, helicopter program, and industrial power sectors.
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Terms: Transaction announced on August 26, 2024. Terms not disclosed.
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a portfolio company of
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Target: United Kingdom-based Farsound is a provider of bespoke supply chain solutions to the aerospace MRO sector. The company specializes in the supply of C-Class, B-Class and other fastmoving consumable parts for aero-engine applications.
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Buyer: Canada-based Onex Partners focuses on making investments in the upper-middle market. The firm primarily targets the healthcare, financial services, industrials, and business services and software sectors.
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Terms: Transaction announced on August 29, 2024. Terms not disclosed.
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