Industry Week in Review – January 19, 2024
KippsDeSanto & Co. Industry Week in Review – January 19, 2024
Industry Week in Review – January 19, 2024
M&A Transactions
Airbus Helicopters SAS, a subsidiary of Airbus SE (ENXTPA: AIR), has agreed to acquire Aerovel Corp., a provider of Flexorator, a small, tactical unmanned aerial system designed for intelligence, surveillance, target acquisition, and reconnaissance missions at sea and over land with a flight endurance of more than 30 hours and 120km communications range. Terms of the transaction were not disclosed.
Arcline Investment Management, LP, has agreed to acquire Kaman Corporation (NYSE: KAMN), a provider of proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals; springs and contacts; wheels, brakes, and related hydraulic components; complex metallic and composite aerostructures; and a variety of munitions, MRO, and services for various commercial, military, general aviation fixed, rotary wing, and UAV aircraft. The transaction is valued at $1.8 billion.
CORE Industrial Partners has acquired Aviation Concepts, LLC, a provider of mission-critical, high-quality, nose-to-tail serviceable material aircraft parts, avionics, rotable components, actuation systems, hydraulics, landing gear, and auxiliary power units with applications across a variety of aircraft fleets to the aftermarket commercial aviation industry. Terms of the transaction were not disclosed.
John Cockerill Group has agreed to acquire Arquus SAS, a subsidiary of Volvo AB (OM: VOLV B) and provider of a complete range of medium armoured vehicles and drivelines with an extensive range of advanced, high-mobility wheeled military vehicles for heavier combat vehicles in private sector and international government defense markets. Terms of the transaction were not disclosed.
Leonid Capital Partners has made a strategic investment in Infinite Composites, a provider of innovative, advanced materials specializing in composite pressure vessel designs that are lightweight and significantly reduce gas storage costs, enhance performance through mass reductions, and extend mission lifespans in support of both government and commercial space missions and energy transitions globally. Terms of the transaction were not disclosed.
RTC Aerospace, LLC, a portfolio company of Stellex Capital Management, has acquired Vanderhorst Brothers, Inc., a provider of complex machined components and high-precision parts for Tier 1 and OEM customers in the aerospace, defense, and space industries. Terms of the transaction were not disclosed.
Sunshine Avionics, a subsidiary of HEICO Corporation (NYSE: HEI), has acquired the Exclusive License and Key Related Assets for select Display Product Lines from Honeywell International (NASDAQ: HON), a provider of Boeing 737NG / 777 Cockpit Displays and Legacy Displays product lines with the capability to produce, sell, and repair these displays in addition for other legacy displays for B717, ATR, and select business and general aviation aircraft. Terms of the transaction were not disclosed.
——————————————————————————————————————————-
