Segment Reports

A&D Aftermarket M&A Transactions - May 2025


Download and read the May 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

Target
Buyer
Description

Turbine Weld Industries

VSE_Corp_Logo

  • Target: Venice, FL-based Turbine Weld is a provider of MRO services focused on complex engine components for business and general aviation platforms. The company specializes in hot-section components for Pratt & Whitney Canada engines, including the PW100, PT6, and JT15D series, with approximately 25,000 engines in service.

  • Buyer: Miramar, FL-based VSE Corporation is a provider of aftermarket aviation services specializing in parts distribution, maintenance, repair, and overhaul (MRO) for commercial, cargo, business, general aviation, military, and rotorcraft platforms. The company offers integrated solutions, including engine accessory repairs, rotable exchanges, and supply chain management through its VSE Aviation division.

  • Terms: Transaction announced on May 1, 2025. Purchase price was $50M.

JetOne Aerospace

Sierra Pacific Supply Company

a portfolio company of

COI Holdings

  • Target: Los Angeles, CA-based JetOne Aerospace is a supplier of aircraft spare parts and logistics services, specializing in rotables, expendables, and consumables for commercial and military fleets. The company offers inventory management, repair coordination, and global shipping solutions to support aircraft maintenance operations.

  • Buyer: Compton, CA-based Sierra Pacific Supply is a distributor of precision fasteners and aerospace hardware, specializing in kitting, inventory management, and supply chain solutions for the defense and aviation industries. The company offers certified products, including rivets, bolts, electrical components, and bearings.

  • Terms: Transaction announced on May 6, 2025. Terms not disclosed.

Maxcraft Avionics Inc

Maverick Aviation Group Limited

  • Target: Canada-based Maxcraft Avionics is a provider of avionics installation, repair, and engineering services specializing in custom cockpit upgrades, system design, and global field support for fixed-wing and rotary aircraft. The company offers comprehensive solutions, including panel retrofits, wire kit fabrication, and component overhauls for both private and commercial operators.

  • Buyer: Canada-based Maverick Aviation Group is an aviation services company specializing in avionics, instrumentation, and non-destructive testing for private, commercial, and military aircraft. The company operates through subsidiaries such as Bristow Instruments Ltd. and Vision Inspection Services Canada Inc., providing comprehensive support across Western Canada.

  • Terms: Transaction announced on May 19, 2025. Terms not disclosed.

West Star Aviation

Greenbriar-Equity

  • Target: East Alton, IL-based West Star Aviation is a provider of maintenance, repair, and overhaul services to the business aviation industry. The company supports airframes from Citation, Challenger, Conquest, Embraer, Falcon, Gulfstream, Global Express, Hawker, King Air, Learjet, and Piaggio.

  • Buyer: Greenwich, CT-based Greenbriar Equity Group is a private equity firm specializing in investments in advanced manufacturing, supply chain, and business services sectors. The company manages over $10 billion in committed capital across six funds, focusing on long-term partnerships with market-leading companies.

  • Terms: Transaction announced on May 21, 2025. Terms not disclosed.