A&D Manufacturing M&A Transactions - March 2024

Target

Buyer

Description

• Target: Netherlands-based 3DMF is a manufacturer of very large and complex, double curved, shapes and specializes in High Energy Hydro Forming (HEHF) of metal parts for the aerospace, architectural and energy markets.

• Buyer: France-based Safran (ENXTPA: SAF) is a manufacturer of aircraft equipment, key systems, and airframes, The company specializes in providing landing gear, wheels and brakes, and wiring to the aerospace and defense sectors.

• Terms:  Transaction announced on March 1, 2024. Terms not disclosed.

Hot Isostatic Pressing Division

a portfolio company of

• Target: Albany, OR-based Stack HIP is a provider of HIP and vacuum heat treating services for private sector and U.S. federal government aerospace, defense, and medical markets. Stack HIP possesses the largest high-pressure HIP vessels in North America, enabling the processing of the biggest and most complex castings and additively manufactured metallic parts.

• Buyer: Garden Grove, CA-based Kittyhawk is a provider of HIP services for casted and additively manufactured parts. The company specializes in servicing parts for high-temperature, high-pressure, and high-cost of failure applications such as rocket and jet engine componentry.

• Terms: Transaction announced on March 7, 2024. Terms not disclosed.

a portfolio company of

• Target: El Cajon, CA-based WhirlWind Propellers is a manufacturer of composite constant- speed and ground-adjustable propellers for the light-sport, experimental and unmanned aircraft markets. The company also designs proof of concept propellers for emerging applications.

• Buyer: Piqua, OH-based Hartzell Aviation is a provider of aviation exhaust systems and custom metal fabrications, engine accessories and heating solutions, and aircraft propeller design and manufacturing technology for general aviation applications.

• Terms: Transaction announced on March 13, 2024. Terms not disclosed.

a portfolio company of

• Target: Green Bay, WI-based Fox Valley is a provider of complex, precision metal fabrications for use on naval ships, submarines, combat vessels, and other critical defense applications. The company manufactures custom electrical enclosures and consoles, components and fabrications for military trailers, radar systems as well as watertight doors and hatches.

• Buyer: Chandler, AZ-based ArmorWorks is a provider of survivability and security solutions, with products that include composite armor systems, energy attenuating seats, delay and denial barriers, and specialty transport vehicles.

• Terms: Transaction announced on March 14, 2024. Terms not disclosed.

• Target: Kent, WA-based Aerofab NDT is a manufacturer of standards, custom kit boxes, eddy current probes, ultrasonic transducers, and accessories used in the nondestructive testing of commercial aircraft components.
• Buyer: Atlanta, GA-based Precision Aerospace Group is a manufacturer of aircraft parts and provides maintenance, repair, and overhaul (MRO) services for rotary and fixed-wing aircraft. It provides repairs and sales support services for avionics, instruments, electronics, and electrical accessories used in helicopters and turboprop aircrafts.

• Terms: Transaction announced on March 20, 2024. Terms not disclosed.

a portfolio company of 

• Target: Green Cove Springs, FL-based Ammcon is a CNC manufacturer of critical fittings and assembled components used on the Virginia and Columbia Class submarine programs, as well as the Ford Class aircraft carrier program. The company is capable of manufacturing plastics, steel, brass, bronze, aluminum, stainless, castings, forgings, weldments, and exotic alloys.
• Buyer: Beloit, WI-based Fairbanks Morse is a provider of marine technologies, OEM parts and turnkey services. The company specializes in engines, valves, actuators, motors, controllers, davit systems, customer training, and weapons handling.

• Terms: Transaction announced on March 26, 2024. Terms not disclosed.

a portfolio company of

• Target: Bloomfield, CT-based Aqua Blasting is a provider of shot peening and blasting services to the aerospace, defense, medical, and semiconductor markets. The company's services enhance the durability, performance, and appearance of metals and composite materials and help to extend the lifespan of critical components.
• Buyer: Forestville, CT-based Metal Finishing Technologies is a provider of diversified metal plating and finishing as well as serving as a certified FAA repair station. The company serves the automotive, marine, aerospace, medical, and electronics sectors.

• Terms: Transaction announced on March 26, 2024. Terms not disclosed.