Download and read the January 2025 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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Target: Netherlands-based Ferrovial Vertiports designs, builds, and operates infrastructure for urban air mobility, focusing on networks to support eVTOL aircraft. The company aims to enhance urban transportation efficiency and connectivity. The company serves aerospace, logistics, and urban mobility markets.
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Buyer: Plano, TX-based Atlantic Aviation provides fixed-base operator (FBO) services, including fueling, hangar space, and ground support, for general and business aviation. The company operates a network of facilities across North America. The company serves corporate, charter, and private aviation customers.
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Terms: Transaction announced on January 7, 2025. Terms not disclosed.
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Target: Ireland-based Nordic Aviation Capital is a global leader in regional aircraft leasing, specializing in turboprops and regional jets. The company provides fleet solutions to airlines worldwide, supporting their operational needs and fleet modernization. The company primarily serves the commercial aviation market.
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Buyer: United Arab Emirates-based Dubai Aerospace Enterprise is a global aviation services company specializing in aircraft leasing and engineering solutions. The company manages a fleet of commercial aircraft and provides maintenance, repair, and overhaul services. The company serves airlines, leasing companies, and aerospace markets worldwide.
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Terms: Transaction announced on January 7, 2025. Terms not disclosed.
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Target: Canada-based RCMBT specializes in parts reliability analytics for the aerospace industry, offering advanced decision-support technologies to optimize fleet performance. The company's expertise enhances predictive maintenance capabilities, enabling operators to reduce unscheduled downtime and improve aircraft availability.
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Buyer: San Francisco, CA-based Veryon provides maintenance, inventory, and reliability management solutions for the aviation industry. The company offers cloud-based software and analytics tools to streamline maintenance operations, improve parts forecasting, and enhance fleet readiness. The company serves commercial, business, and general aviation markets.
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Terms: Transaction announced on January 7, 2025. Terms not disclosed.
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Target: Japan-based JAMCO is a developer and manufacturer of aircraft interiors and seats as well as engine parts and other components. The company is the world's largest manufacturer of aircraft galleys and lavatories for most Boeing and Airbus commercial aircraft. The company manufactures a range of products from aircraft engine parts to military aircraft equipment, such as heat exchangers.
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Buyer: Boston, MA-based Bain Capital is a private investment firm specializing in private equity, venture capital, and credit opportunities. The company invests across diverse industries, including technology, healthcare, and consumer products, with a focus on fostering long-term growth and operational improvement.
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Terms: Transaction announced on January 14, 2025. Purchase price expected to be $634M, 1.3x and 17.7x TTM Sep-24 revenue and EBITDA, respectively.
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