Industry Week in Review – March 24, 2023
KippsDeSanto & Co. Industry Week in Review – March 24, 2023
Industry Week in Review – March 24, 2023
M&A Transactions
AAR Corp (NYSE:AIR) has acquired Trax USA Corp., a provider of critical software applications for managing aircraft maintenance and fleet management, including materials planning and purchasing, engineering, scheduling, regulatory compliance, work orders, and personnel to a diverse global customer base of airlines, MROs, and government aircraft operators supporting approximately 5,000 aircraft, supporting the entire spectrum of maintenance activities and creating the system of record required by airlines, MROs, and government aircraft operators. The transaction is valued at $120 million.
ASRC Federal has agreed to acquire the Logistics and Supply Chain Management Arm of Science Applications International Corporation (NYSE:SAIC), a provider of logistics and supply chain management services to agencies including the U.S. Army, U.S. Air Force, and U.S. Navy. The transaction is valued at $350 million.
ATL Partners has acquired Ophir Corporation, a provider of systems and services to military and commercial markets, with a specialization in laser radar systems and sensors for a large number of military and commercial aircraft platforms. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Ophir Corporation.
Ducommun, Inc. (NYSE:DOC) has agreed to acquire BLR Aerospace, LLC, a provider of aerodynamic systems including FastFin systems, winglet systems, propellers and flow modifiers that enhance the productivity, performance and safety of rotary- and fixed-wing aircraft on commercial and military platforms on more than 10,000 helicopters and airplanes worldwide with endorsement from industry-leading OEMs such as Airbus Helicopters, Textron Aviation, Sikorsky Aircraft and Bell Helicopters. Terms of the transaction were not disclosed.
