Download and read the February 2025 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
|
|
|
and
|
-
Target: Radnor, PA-based Triumph is a provider of design, production and service for aircraft systems and components including actuation, fuel systems, hydraulics, geared solutions, MRO services for private sector and U.S. federal government aerospace and defense markets.
-
Buyer: New York, NY-based Warburg Pincus is a private equity firm focused on growth investing across various industries, including technology, healthcare, energy, and financial services. Boston, MA-based Berkshire Partners is a private equity firm that invests in mid-sized companies across sectors such as consumer, business services, industrials, and technology.
-
Terms: Transaction announced on February 3, 2025. Purchase price is expected to be $3.0B, 2.5x and 19.1x TTM Dec-24 revenue and EBITDA, respectively.
|
|
|
a portfolio company of
|
-
Target: Gunnison, UT-based ACT Aerospace is a manufacturer of advanced composite structures for private sector and U.S. federal government aerospace and defense markets. The company also provides complementary services such as design, testing, inspection and engineering.
-
Buyer: Endicott, NY-based The Thermal Group designs and manufactures mission-critical thermal management components, including ruggedized chassis, enclosures, heat sinks, and cooling systems. The company serves defense, aerospace, and industrial markets, providing solutions essential to the functionality of electronic systems.
-
Terms: Transaction announced on February 3, 2025. Terms not disclosed.
|
|
|
|
-
Target: Harbor City, CA-based McStarlite is a sheet metal forming specialist primarily manufacturing aircraft engine nacelle lipskins for the aerospace and defense markets. Additional products include cold deep draw and bulge-formed aviation components such as nozzles, complex sheet metal assemblies, and tooling.
-
Buyer: Salem, NH-based Standex designs and manufactures engineered components and systems, specializing in precision machining, thermal management, and electronic components. The company serves aerospace, defense, medical, and industrial markets.
-
Terms: Transaction announced on February 5, 2025. Purchase price was $56.5M, 1.7x 2024A revenue.
- Janes Capital Partners served as the exclusive financial advisor to McStarlite.
|
|
|
a portfolio company of
|
-
Target: Sun Prairie, WI-based 2G Engineering specializes in designing and manufacturing subsea linear and rotary actuators, as well as providing engineering design services. The company serves industries operating in extreme environments, including deep-sea oil and gas production, marine exploration, and industrial automation.
-
Buyer: France-based EVERAXIS designs and manufactures precision rotary systems, including slip rings, rotary joints, and gimbals for high-performance applications. The company serves aerospace, defense, medical, and industrial markets, providing advanced electromechanical solutions for mission-critical systems.
-
Terms: Transaction announced on February 14, 2025. Terms not disclosed.
|