A&D Manufacturing M&A Transactions - June 2024

Download and read the June 2024 issue of the A&D Manufacturing Monthly, covering the latest M&A deal activity and valuation trends in the aerospace & defense manufacturing sector, which includes companies with capabilities such as precision machining, forming, sheet metal fabrication, tube bending, welding, brazing, plating, heat treatment, metal finishing, injection molding, composite manufacturing, testing, inspection and assembly. Sign up for the A&D Manufacturing 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 Manufacturing Deals Announced

Target	Buyer	Description
	a division of	Target: Columbia City, IN-based PDQ manufactures hydraulically-actuated machining center fixtures and custom cutting tools. The company’s capabilities include engineering, machining, pump assembly, valve stack, and tooling. Buyer: Germany-based Walter is a developer and manufacturer of precision tools for the metalworking industry. The company offers a range of milling, drilling, turning, and threading tools, as well as adaptors and PCD special tools. Terms: Transaction announced on June 4, 2024. PDQ reported FY2023A revenue of $36M.
		Target: Carson, CA-based Cardic Machine Products is a manufacturer and provider of precision-machined parts and highly specialized products for classified government programs. The company’s products include laser systems, radar systems, dewar assemblies, critical missile components, and optical housings. Buyer: Eagle, ID-based Blount Entities is a boutique private equity firm focused on making strategic acquisitions in the following sectors: Manufacturing, Software, Utilities, and Design. Terms: Transaction announced on June 4, 2024. Terms not disclosed.
Wallingford, CT Facility a portfolio company of	a portfolio company of	Target: Wallingford, CT-based Clayens Facility specializes in high-performance plastic CNC machining, milling, multi-axis turning, swiss machining, annealing, vapor polishing, and assembly solutions. Buyer: Alpharetta, GA-based Pexco designs and fabricates custom extruded plastics products. The company provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty, traffic safety, lighting and fence industries. Terms: Transaction announced on June 5, 2024. Terms not disclosed.
		Target: Phoenix, AZ-based Phoenix Tool Works is a provider of engineering and manufacturing services. The company’s capabilities include tooling, prototyping, composite fabrication, painting, grinding, project design, testing, and CNC machining. Buyer: Long Beach, CA-based M4 Engineering is a provider of engineering, testing, and prototyping services. The company develops software using multidisciplinary design analysis and optimization (MDAO) to support customers and reduce the costs associated with the design, analysis, and optimization of high-performance systems and structures. Terms: Transaction announced on June 15, 2024. Terms not disclosed.
Orangeburg, SC Facility a portfolio company of		Target: Orangeburg, SC-based GKN Facility specializes in spin-forming metallic engine lipskins for the 737 MAX and 777X. Additionally, it manufactures a wide range of aerospace-related components such as standard and custom hinges, access doors and panels. Buyer: Arlington, VA-based Boeing designs, develops, manufactures, sells, services and supports commercial jetliners, military aircraft, satellites, missile defense, C4ISR, human space flight launch systems, and logistics support services. Terms: Transaction announced on June 28, 2024. Terms not disclosed.