Download and read the April 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
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Description
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a portfolio company of
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Target: Canada-based Fleet Canada is a manufacturer of aerospace structures and components, specializing in detail parts, assemblies, and tooling for fixed-wing aircraft. The company provides machining, sheet metal fabrication, bonding, and finishing services, supporting both commercial and defense aerospace programs.
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Buyer: Canada-based De Havilland Aircraft of Canada is a manufacturer of regional and utility aircraft, specializing in models such as the Dash 8, Twin Otter, and the DHC-515 Firefighter. The company supports a global fleet of over 3,000 aircraft, providing comprehensive aftermarket services and customer support.
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Terms: Transaction announced on April 1, 2025. Terms not disclosed.
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Garland Operations
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Target: Garland, TX-based Operations of General Dynamics Ordnance & Tactical Systems is a fully integrated metalworking facility manufacturing precision aerospace details, assemblies and forgings, as well as defense products for military applications. Its capabilities include metalworking for small quantity to full production runs which include machines for detailed sheet metal part fabrication, precision machining, hot and cold forming, precision and conventional forging, heat treating, welding, chemical coating and painting.
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Buyer: Tampa, FL-based Repkon USA is a provider of turnkey production systems, specializing in flowforming, shearforming, and hot spinning technologies for defense, aerospace, and industrial applications. The company offers advanced manufacturing solutions for components such as gun barrels, warhead shells, and high-pressure gas cylinders.
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Terms: Transaction announced on April 2, 2025. Terms not disclosed.
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Target: United Kingdom-based Aerospace Products Group of Leggett & Platt supplies environmental control system (ECS) ducting systems to the majority of the world's civil and military manufacturers and operators of aircraft, helicopters and launch vehicles. The group also designs and manufactures pipe and duct accessories, including hoses, gimbals, bellows, clips, clamps, and flanges for aircraft, missiles, and space launch vehicles.
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Buyer: New York, NY-based Tinicum Capital is a private investment firm specializing in long-term equity investments in industrial, specialty manufacturing, and aerospace businesses. The company manages over $2.4 billion in committed capital, focusing on both control and minority positions in private and public companies.
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Terms: Transaction announced on April 2, 2025. Purchase price is expected to be $285M, 1.5x FY2024A revenue.
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a portfolio company of
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Target: Albany, OR-based Metal Technologies is a developer and manufacturer of refractory metal alloys used for strategic missile programs in private sector and U.S. federal government aerospace and defense markets. Alloys leveraged by the company include tantalum, zirconium, niobium, vanadium and molybdenum.
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Buyer: Huntington Beach, CA-based Karman Space & Defense is a manufacturer of mission-critical hardware systems for space and defense applications, specializing in payload protection, aerodynamic interstage systems, and propulsion systems. The company supports over 100 missile and space programs, partnering with defense contractors to deliver advanced solutions.
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Terms: Transaction announced on April 4, 2025. Purchase price was $90M.
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