A&D Aftermarket M&A Transactions - February 2025

Download and read the February 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
		Target: Lee’s Summit, MO-based Millennium International is an FAA and EASA approved Part 145 Repair Station specializing in the repair and support of new generation and legacy avionics systems and components. The company provides a wide range of services on glass cockpit (LCD & CRT) displays, TCAS, WX radar, Nav/Comm, and more. The company serves military, commercial, and corporate aviation markets worldwide. Buyer: Hollywood, FL-based HEICO designs, manufactures, and supports aerospace, defense, and electronics products, specializing in FAA-approved replacement parts, repairs, and niche components. The company serves commercial and military aviation, space, and industrial markets, providing cost-effective and high-reliability solutions. Terms: Transaction announced on February 3, 2025. Terms not disclosed.
		Target: San Diego, CA-based Jeyco is a specialist in tool kitting and maintenance, repair, and operations products and distribution solutions for defense, aerospace, and industrial customers. The company's services include tool kitting, distribution of specialty tools, laser etching and part marking, and waterjet cutting. Buyer: San Diego, CA-based Tide Rock is a private equity firm that acquires and operates lower middle-market businesses, focusing on long-term growth and operational improvements. The company targets industries including manufacturing, business services, and industrials, leveraging its shared services model to enhance portfolio company performance. Terms: Transaction announced on February 11, 2025. Terms not disclosed.
London Gatwick MRO Facility	a subsidiary of	Target: United Kingdom-based London Gatwick MRO Facility of Boeing encompasses approximately 160,000 square feet of hangar space, accommodating up to two widebody or five narrowbody aircraft simultaneously. The facility will be used for minor maintenance checks on Boeing 777 aircraft and insourcing heavy maintenance for Airbus A320 and A321 aircraft. Buyer: United Kingdom-based British Airways operates international and domestic flights, offering passenger and cargo services with a fleet of widebody and narrowbody aircraft. The company serves global commercial aviation markets, providing premium and economy travel options across an extensive route network. Terms: Transaction announced on February 17, 2025. Terms not disclosed.
	Coltala Aerospace a portfolio company of	Target: Mansfield, TX-based Aeroparts Group is an aviation-aerospace services holding company comprised of portfolio companies Evans Composites, APM, and ACD Consulting, providing precision machining, Part 145 MRO repair services, and engineering expertise for both commercial and military aerospace sectors. Buyer: Fort Worth, TX-based Coltala Aerospace is a newly established platform by Coltala Holdings, formed through the acquisition of Aeroparts Group (APG). The company serves both commercial and military aerospace sectors, providing precision machining, FAA Part 145 MRO repair station services, and engineering expertise. Terms: Transaction announced on February 18, 2025. Terms not disclosed.