Download and read the December 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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Target: Ogden, UT-based Kemp Jet Services provides aircraft management, charter, and maintenance solutions for private and business aviation clients. The company focuses on delivering personalized, efficient, and reliable services to enhance the ownership and operational experience.
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Buyer: Freeland, MI-based Avflight operates fixed-base operator facilities, providing fuel, ground handling, and support services for general and commercial aviation. The company serves airports worldwide with a focus on delivering reliable and efficient solutions for aircraft operators and passengers.
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Terms: Transaction announced on December 13, 2024. Terms not disclosed.
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Landing Gear Overhaul Business
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Target: Miami, FL-based Landing Gear Overhaul Business provides complete in-house repair and overhaul services of commercial, military and regional aircraft landing gear and flap carriage assemblies across 43 aircraft types. The center also provides Boeing, Douglas, Airbus, and Lockheed gears and gear components for sales and exchange.
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Buyer: Fort Lauderdale, FL-based GA Telesis is a global provider of integrated aviation services, specializing in aircraft leasing, engine overhauls, and component solutions. The company supports airlines, lessors, and MROs with comprehensive services that enhance fleet performance and operational efficiency.
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Terms: Transaction announced on December 20, 2024. Purchase price is expected to be $51M.
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Target: India-based Air Works provides maintenance, repair, and overhaul services for aircraft, focusing on operational efficiency and safety. The company offers line and base maintenance, modifications, and asset management solutions. The company serves commercial, defense, and general aviation markets.
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Buyer: India-based Adani Group is a diversified conglomerate with interests spanning energy, infrastructure, logistics, and agribusiness. The company operates in industries including renewable energy, ports, airports, mining, and data centers. The company supports economic growth through large-scale projects across India and global markets.
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Terms: Transaction announced on December 23, 2024. Adani Group is expected to acquire an 85.8% controlling stake for $47M, representing an implied enterprise value of $55M.
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