Download and read the March 2026 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
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Description
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a portfolio company of
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Target: United Kingdom-based FSG is a manufacturer of forged rings, casings, blades and discs for private sector, international, and U.S. federal government aerospace and defense markets. FSG maintains vertically-integrated rolled rings, closed die, extrusion, and open die forging capabilities across a range of alloys, including nickel, titanium, steel, and aluminum.
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Buyer: New York, NY-based JFL Partners is a private investment firm focused on acquiring and growing lower middle market industrial and aerospace manufacturing businesses. The company partners with management teams to support operational improvements and expansion across engineered products and component manufacturing sectors.
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Terms: Transaction announced on March 2, 2026. Terms not disclosed.
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Target: Freeville, NY-based Incodema3D provides metal additive manufacturing services using laser powder bed fusion and advanced post-processing to produce complex components for aerospace and defense applications. The company supports prototype and production programs with integrated design support, machining, and quality systems aligned with demanding engineering requirements.
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Buyer: Indianapolis, IN-based AFM Capital Partners is a private equity firm investing in niche manufacturing and industrial technology businesses. The company focuses on operational value creation and growth initiatives across precision manufacturing and engineered product markets.
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Terms: Transaction announced on March 5, 2026. Terms not disclosed.
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a subsidiary of
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a portfolio company of
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Target: Stockton, CA-based Ultracor engineers and manufactures composite honeycomb core materials used in complex bonded composites for private sector and U.S. federal government markets. The company specializes in carbon, quartz, Kevlar, fiberglass, and ultraflex-based honeycomb composites.
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Buyer: Stockton, CA-based Applied Aerospace & Defense designs and manufactures composite and metal bonded structures for aerospace and defense applications. The company supports space, missile, and aircraft programs with complex composite assemblies and precision manufacturing capabilities.
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Terms: Transaction announced on March 9, 2026. Terms not disclosed.
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Target: Deerfield Beach, FL-based VRM is a manufacturer of high-precision flow control valves for private sector and U.S. federal government aerospace markets. The company specializes in solenoid valves, check valves, and relief valves. The company's products are utilized on a broad spectrum of commercial aviation platforms.
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Buyer: Fort Collins, CO-based Woodward designs and manufactures control systems and components for aerospace propulsion, power generation, and defense applications. The company produces fuel systems, actuators, and electronic controls supporting commercial and military aircraft platforms.
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Terms: Transaction announced on March 9, 2026. Terms not disclosed.
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