Download and read the May 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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Target: France-based HPM Industries is a holding company of Hourat Precision Mecanique and Outil Meca, specializing in precision machining for the aerospace, rail, and energy markets. Capabilities include CNC milling and turning and wire and die-sinking EDM.
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Buyer: Canada-based UM Inc. is a manufacturer of high-precision spare parts and engineering solutions specializing in equipment for the liquid food processing and packaging industry. The company offers services including stretch blow molding, thermoforming, and custom-engineered components for global clients.
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Terms: Transaction announced on May 5, 2025. Terms not disclosed.
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Target: Lake Mary, FL-based FARO Technologies is a provider of professional 3D Measurement products and solutions for private sector, international, and U.S. federal government aerospace, defense, and intelligence markets. The company's products and services include portable measurement arms, laser scanners and trackers, software solutions, and comprehensive service offerings.
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Buyer: Berwyn, PA-based AMETEK is a manufacturer of electronic instruments and electromechanical devices specializing in mission-critical systems for aerospace and defense applications. The company offers solutions in power distribution, motion control, thermal management, and cockpit instrumentation through its Aerospace & Defense division.
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Terms: Transaction announced on May 6, 2025. Purchase price is expected to be $920M, 2.7x and 22.4x TTM Mar-25 revenue and adj. EBITDA, respectively.
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a portfolio company of
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Target: Azle, TX-based E-MAG is a manufacturer of electronic ignition systems specializing in self-powering, variable-timing solutions for general aviation engines. The company’s P-model ignitions integrate an internal alternator and sealed electronics, offering enhanced reliability, simplified installation, and improved engine performance.
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Buyer: Montgomery, AL-based Hartzell Aviation is a manufacturer of aircraft propulsion systems and engine accessories specializing in propellers, starters, turbochargers, and heating solutions. The company operates under two primary business units, Hartzell Propeller and Hartzell Engine Tech, serving general aviation and advanced air mobility markets.
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Terms: Transaction announced on May 12, 2025. Terms not disclosed.
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Target: Trinity, FL-based Global Photonics is a manufacturer of advanced optical systems and coatings, specializing in precision optics for defense and aerospace applications. The company offers capabilities including cleanroom lithography, ion beam etching, and thin-film coatings for periscopes, fire-control systems, and airborne instrumentation.
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Buyer: United Kingdom-based Gooch & Housego is a manufacturer of photonics and optical systems specializing in acousto-optics, electro-optics, and fiber optics for aerospace, defense, and life sciences. The company provides advanced optical components and subsystems for applications including laser surgery, microscopy, and optical coherence tomography.
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Terms: Transaction announced on May 14, 2025. Purchase price was $17.5M, 1.6x and 9.7x CY2024 revenue and normalized EBITDA, respectively.
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