Segment Monthlies

A&D Aftermarket M&A Transactions - September 2024

Written by Stephen Perry | October 2024

Download and read the September 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

 

a portfolio company of

 

a portfolio company of

  • Target: United Kingdom-based Ecube Solutions specializes in aircraft end-of-life management, offering services such as disassembly, part-out, and recycling of retired aircraft. The company's core capabilities include maximizing value recovery from retired aviation assets and ensuring environmentally responsible dismantling and recycling processes.

  • Buyer: Litchfield Park, AZ-based Unical Aviation is a provider of aircraft parts and components to the global commercial aerospace market. The company sources, re-certifies and resells aircraft parts to commercial airlines, cargo operators, aircraft lessors, and aviation maintenance, repair and overhaul businesses.

  • Terms: Transaction announced on September 5, 2024. Terms not disclosed.

 

 

 

 

 

 

 

 

  • Target: Mentor, OH-based Component Repair Technologies (CRT) specializes in the repair of cases and rotating parts for the CFM56, LEAP, and large turbofan engines for the aerospace and power generation industries. The company provides precision repair services, including nondestructive testing, welding, machining, and coating, aimed at extending the life of critical engine parts.

  • Buyer: France-based Safran focuses on aerospace and defense technologies, supplying systems and equipment for aircraft, defense, and space industries. The company develops propulsion systems, avionics, and landing gear, contributing to the global aerospace supply chain with practical, high-performance solutions.

  • Terms: Transaction announced on September 10, 2024. Terms not disclosed.

 

a portfolio company of

 

  • Target: Wichita, KS-based Bevan Aviation is a provider of avionics repair and installation as well as aircraft inspection and maintenance solutions to private sector aerospace markets. The company provides bench repair and inspection services on many popular comms, navs, autopilots, GPSs, DMEs, transponders, and others.

  • Buyer: Wichita, KS-based Yingling Aviation provides a full suite of MRO support and fixed base operations services to private sector and U.S. federal government aerospace and defense markets. The company's range of MRO services include airframe, engine, avionics upgrades, paint, interior, propeller sales and service, and parts sales.

  • Terms: Transaction announced on September 19, 2024. Terms not disclosed.

 

FBO Operation

a subsidiary of

 

a subsidiary of

  • Target: Milwaukee, WI-based FBO Operation at Milwaukee Mitchell provides handling, fueling, and services for passengers and crew. The operation features a 10,000-square-foot passenger terminal, 40,000-square feet of aircraft hangarage, a 10,000-square-foot maintenance shop, and more than three acres of dedicated ramp space.

  • Buyer: Switzerland-based Jet Aviation is a global business aviation services company. The company serves all major business jet models and component makers and provides clients with comprehensive services including base maintenance, airframe and avionics, line maintenance, repair, overhaul, completions & refurbishments, FBO & fuel services, aircraft management, and charter services.

  • Terms: Transaction announced on September 27, 2024. Terms not disclosed.