Download and read the December 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
|
|
|
|
-
Target: North Syracuse, NY-based Air Innovations is a manufacturer of environmental control units (ECUs) for manufacturers and distributors in the wine, aerospace, semiconductor, homeland security, and healthcare markets. The company manufactures products for unmanned vehicles, such as drones, and other portable avionics.
-
Buyer: Wilton, CT-based Altus Capital is a private equity firm that invests in lower-middle-market manufacturing businesses with growth potential. The company focuses on partnering with management teams to enhance operational performance, drive innovation, and create long-term value for stakeholders.
-
Terms: Transaction announced on December 3, 2024. Terms not disclosed.
|
|
|
|
-
Target: Goose Creek, SC-based W International is a full-service manufacturer of large complex metal fabrications for private sector and U.S. federal government aerospace, defense, and shipbuilding markets. The company's capabilities include a diverse range of materials; including ballistic armor, aluminum, titanium, invar, and all mild and high strength steels.
-
Buyer: Newport News, VA-based HII is a leading U.S. military shipbuilding company specializing in designing and constructing nuclear-powered aircraft carriers, submarines, and amphibious assault ships. The company also provides advanced defense technologies, fleet maintenance, and unmanned systems to support national security missions.
-
Terms: Transaction announced on December 4, 2024. Terms not disclosed.
|
|
Aerostructures Division
|
|
-
Target: Spain-based Aerostructures Division of Aciturri designs and manufactures aerostructures, engine components, and assembly solutions for the aerospace industry. The division partners with leading aircraft manufacturers to deliver lightweight, high-performance components that meet stringent quality and safety standards.
-
Buyer: Belgium-based Sonaca specializes in the design, manufacturing, and assembly of advanced aerostructures for commercial, defense, and business aviation markets. The company provides lightweight solutions, including wing panels and fuselage components, that enhance aircraft performance and fuel efficiency.
-
Terms: Transaction announced on December 13, 2024. Sonaca is expected to acquire a 51% controlling stake. Terms not disclosed.
|
|
a portfolio company of
|
|
-
Target: Italy-based Forgital designs, engineers and manufactures custom-rolled rings for aerospace, construction, mining, oil, and power generation markets. The company's aerospace business specializes in ring rolling, heat treatment and machining of rings made of steel, aluminum and titanium alloys, nickel and other non-ferrous alloys.
-
Buyer: New York, NY-based Stonepeak Partners is a private equity firm specializing in infrastructure investments across sectors such as energy, transportation, telecommunications, and healthcare. The company focuses on long-term value creation through operational expertise and sustainable growth strategies.
-
Terms: Transaction announced on December 16, 2024. Purchase price is expected to be $2.1B
|