Industry Week in Review – October 11, 2024
KippsDeSanto & Co. Industry Week in Review – October 11, 2024
Industry Week in Review – October 11, 2024
M&A Transactions
Apollo Global Management, Inc. (NYSE: APO) has agreed to acquire Barnes Group, Inc. (NYSE: B), a provider of machining and fabrication of components and assemblies for aircraft engines, airframes, and other complex plastic injection molding applications across aerospace and other industrial markets. The transaction is valued at $3.6 billion.
H.I.G. Capital, LLC has acquired STS Aviation Group, Inc., a portfolio company of Greenbriar Equity Group, L.P. and provider of aircraft maintenance repair and overhaul solutions, workforce management, and global parts distribution across aerospace and defense markets. Terms of the transaction were not disclosed.
Innovative Solutions & Support, Inc. (NASDAQGS: ISSC) has acquired the exclusive license for the Display Generator and Flight Control Computer Product Line of Honeywell International, Inc. (NASDAQGS: HON), a provider of the license to manufacture, upgrade, and repair various generations of military display generators and flight control computers for defense markets. Terms of the transaction were not disclosed.
Lynred SAS, a joint venture between Safran S.A. (ENXTPA:SAF) and Thales (ENXTPA: HO), has agreed to acquire New Imaging Technologies, a provider of short-wave infrared and HDR imaging technologies and sensors for private sector and international defense markets. Terms of the transaction were not disclosed.
NewSpring Capital, LLC has acquired C Speed, LLC, a provider of radar systems, subsystems, and solutions across global civilian and military markets. Terms of the transaction were not disclosed.
