Download and read the January 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
Target
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Buyer
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Description
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Cockpit & Legacy Displays product lines
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a subsidiary of
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Target: Phoenix, AZ based Cockpit and Legacy Displays product lines provide Sunshine Avionics with the capability to produce, sell, and repair Boeing 737NG/777 Cockpit Displays as well as other Legacy Displays for Boeing 717, ATR, and select business and general aviation aircraft.
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Buyer: Miramar, FL based Sunshine Avionics is a provider of MRO services for advanced avionic component repairs. The company’s capabilities include parking, storage, autoflight, electrical power, fire protection, flight controls, fuel, hydraulic power, landing gear, navigation, and pneumatics.
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Terms: Transaction announced on January 16, 2024. Terms not disclosed.
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Target: Sunrise, FL based Aviation Concepts is a global distributor of used serviceable material (USM) components to the aftermarket commercial aviation industry. The company's customer base includes airlines, MROs and distributors. Aviation Concepts offers a wide range of USM components including avionics, rotable components, actuation systems, hydraulics, landing gear, and auxiliary power units (APUs).
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Buyer: Chicago, IL based CORE is a private equity firm with $700M in cumulative capital commitments. The company focuses on making investments primarily in the industrial technology and industrial service sectors.
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Terms: Transaction announced on January 16, 2024. Terms not disclosed.
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FAA-Certified Part 145 Repair Station
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Target: Huntsville, AL based 68,000 sq. ft. maintenance hangar operates as an FAA certified Part 145 repair station. The facility includes back shops to perform rotary wing aircraft organizational, intermediate, and depot level maintenance. Tyonek had previously leased the hangar from the Huntsville International Airport.
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Buyer: Anchorage, AK based Tyonek operates as an Alaska Native Corporation and owns a diversified portfolio of subsidiaries specializing in aerospace and defense manufacturing, engineering, aircraft maintenance repair and overhaul, cyber technology, land resource development and renewables, and construction.
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Terms: Transaction announced on January 16, 2024. Terms not disclosed.
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