David Jasmund

E: djasmund@pcecompanies.com

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Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Sequa Corporation
  • Veritas Capital Fund Management, L.L.C
  • n/a
  • Applied Aerospace Structures, Corp.
  • Greenbriar Equity Group, L.P.
  • n/a

Other Financial Buyer Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Liteye Systems Inc.
  • Highlander Partners, L.P.
  • n/a
  • York Space Systems LLC
  • AE Industrial Partners, LP
  • n/a
  • Aero Accessories & Repair Inc
  • ATL Partners
  • n/a

Other Strategic Buyer Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Associated Aircraft Manufacturing & Sales, Inc.
  • First Aviation Services Inc.
  • n/a
  • Timken Aerospace Drive Systems, LLC
  • PCX Aerostructures, LLC
  • n/a
  • Aviatron Inc.
  • Wencor Group, LLC
  • n/a
  • CAVU Component Repair, LLC
  • Unical Aviation, Inc.
  • n/a
  • Ascension Engineering Group, LLC
  • Boecore, Inc.
  • n/a
  • HyPoint Inc.
  • ZeroAvia, Inc.
  • n/a

 

Source S&P Capital IQ as of 1/9/2023 and PCE Proprietary Data

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PCE Aerospace, Defense & Government Contracting Deals

Contacts

David Jasmund

Orlando Office

407-621-2111 |

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Michael Poole

Orlando Office

407-621-2112 |

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Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. Harris, B. “Congress authorizes 8% defense budget increase.” Defense News. 15 December, 2022.
  2. Cameron, D. “Defense Contractor L3Harris Plans to Buy Aerojet Rocketdyne for $4.7 Billion.” Wall Street Journal. 12 December, 2022.
  3. Gale, A. & Tsuneoka, C. “Japan to Spend Billions on U.S. Tomahawk Missiles in Military Buildup.” Wall Street Journal. 23 December, 2022.
  4. Tyrrell, M. “Rolls-Royce and Gulfstream give wings to sustainable business aviation.” Aerospace Manufacturing - MIT Publishing. 23 December, 2022.