Download and read the September 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
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a portfolio company of
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Target: Pepperell, MA-based Keystone Precision & Engineering is a provider of rapid prototyping, production machining, and mechanical assembly for the defense, aerospace, medical, and industrial industries. The company's precision machined parts can be found in satellite systems, aircraft, and control systems.
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Buyer: Murrayville, GA-based Prince specializes in precision machining and manufacturing services for a variety of industries, including aerospace, medical, and industrial equipment. The company offers custom metal fabrication, assembly, and finishing services, supporting clients with high-quality, engineered solutions.
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Terms: Transaction announced on September 4, 2024. Terms not disclosed.
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Saint Technologies dba
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 a portfolio company of
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Target: Shannon, IL-based Saint Technologies manufactures highly engineered, patented, specialized lock washers used for securing critical hardware assemblies in high-vibration and shock environments under the brand name REALLOCK.
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Buyer: Westport, CT-based First Aviation Services provides aviation maintenance, repair, and overhaul services to the aerospace and defense sectors. The company specializes in the repair and overhaul of aircraft components, offering extensive capabilities in avionics, hydraulics, and structural repair to extend the life of critical systems.
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Terms: Transaction announced on September 16, 2024. Terms not disclosed.
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Naval Propulsors & Handling Businesses of
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a portfolio company of
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Target: Walpole, MA-based Naval Propulsors & Handling Businesses of Rolls-Royce manufacture and support a range of specialist propellers and waterjets for naval applications, as well as specialized handling systems that enable the deployment and recovery of manned and unmanned craft, and other cargo, from naval vessels.
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Buyer: Beloit, WI-based Fairbanks Morse Defense is a provider of naval power and propulsion systems for military and commercial maritime markets. The company designs, manufactures, and services high-performance engines and power generation equipment, supporting missioncritical operations for the U.S. Navy and allied forces.
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Terms: Transaction announced on September 19, 2024. Terms not disclosed.
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Target: Waltham, MA-based Markforged produces and sells metal and carbon fiber 3D printers, materials, software, and other related services worldwide. Key verticals served include A&D, space, industrial automation, medical, and auto.
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Buyer: Israel-based Nano Dimension develops advanced additive manufacturing and 3D printing technologies for electronics and aerospace industries. The company focuses on creating high-precision printed circuit boards and other complex electronic components, leveraging its proprietary nanotechnology to drive innovation in design and production.
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Terms: Transaction announced on September 25, 2024. Purchase price is expected to be $115M, 1.2x FY2023A revenue.
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