Industry Week in Review – March 6, 2020
KippsDeSanto & Co. Industry Week in Review – March 6, 2020
Industry Week in Review – March 6, 2020
M&A Transactions
AE Industrial Partners, LLC has acquired Adcole Maryland Aerospace, a subsidiary of Adcole Corporation, a provider of small satellites and spacecraft components. Terms of the transaction were not disclosed.
AE Industrial Partners, LLC has acquired G.S. Precision, Inc., a manufacturer of complex, high precision components and specialty hardware used primarily in aerospace engines and defense systems. Terms of the transaction were not disclosed.
Aero Precision Holdings, Inc., a portfolio company of Odyssey Investment Partners, LLC has acquired Kellstrom Defense Aerospace, Inc., a portfolio company of Dubin Clark & Co. Inc., a provider of aftermarket sustainment solutions for defense aircraft. Terms of the transaction were not disclosed.
Gallant Capital Partners, LLC has acquired Cassavant Holdings, LLC, a provider of precision-machined components and sub-assemblies, serving the aerospace and defense industries. Terms of the transaction were not disclosed.
Global Aviation Services, LLC, a subsidiary of PrimeFlight Aviation Services has acquired ProFlo Industries, a supplier of aircraft refueling equipment, including new and refurbished refuelers, bowsers, hydrant dispensers, hydrant carts, fueling ladders, fueling skids, floating suctions, storage systems, and aviation fueling modules. Terms of the transaction were not disclosed.
Lockheed Martin Corporation has made a strategic investment in Ayar Labs, a developer of high speed, high density, low power optical based interconnect chiplets and lasers. Terms of the transaction were not disclosed.
Preferred Systems Solutions, Inc., a portfolio company of CM Equity Partners, has acquired Eagle Ray, Inc., a provider of strategic consulting services and IT management consulting to the public sector, including the intelligence community (“IC”), the Department of Defense (“DoD”), the Department of Homeland Security (“DHS”), and financial regulatory agencies. Terms of the transaction were not disclosed.
