Columbia West Capital News - Industry Deal Intelligence
12.09.13 CWC Q3 2013 Aerospace & Defense M&A and Financing Report


This report is prepared as a courtesy to the Aerospace & Defense business community by Columbia West Capital based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors.       

M&A - Strategic    

7/3/2013 AMTEC Corporation announced its acquisition of DSE, Inc. The terms of the transaction were not disclosed. AMTEC manufactures and supplies ammunition systems and is based in Janesville, Wisconsin. DSE manufactures specialized military products and is based in Tampa, Florida.        

7/3/2013 The business development director of Advanced Ceramics Research, Inc., Matthew Pobloske, acquired Advanced Ceramics Research, Inc. from BAE Systems, Inc. The terms of the transaction were not disclosed. The company will operate as Sensintel, Inc. Sensintel designs and manufactures unmanned aerial systems and sensors and is based in Tucson, Arizona.        

7/15/2013 Edac Technologies Corp. acquired the Parkway Aerospace & Defense business from Parkway Products, Inc.  The newly formed subsidiary of Edac Technologies will be named EDAC Composites. The terms of the transaction were not disclosed. Edac Technologies manufactures and services jet engine components and machine spindles and is based in Farmington, Connecticut. EDAC manufactures aerospace composites and is based in Erlanger, Kentucky. Kirkland & Ellis LLP served as legal advisor to Edac Technologies. Taft Stettinius & Hollister LLP served as legal advisor to Parkway Products.        

7/12/2013 Colt Defense LLC acquired New Colt Holding Corp. for $60.5 million. Colt Defense designs and manufactures small arms weapon systems. New Colt Holding Corp. manufactures and sells military products.  Colt Defense and New Colt Holding Corp. are based in West Hartford, Connecticut. Cahill Gordon & Reindel LLP served as legal advisor to Colt Defense. Davis Polk & Wardwell LLP served as legal advisor to New Colt Holding Corp.        

7/22/2013 Dynon Avionics, Inc. acquired Advanced Flight Systems, Inc. The terms of the transaction were not disclosed. Dynon designs, manufactures and distributes glass cockpit avionics and is based in Woodinville, Washington. Advanced Flight offers aircraft monitoring and data acquisition systems and is based in Canby, Oregon.        

7/23/2013 Quality Aluminum Forge, LLC acquired MW General, Inc. The terms of the transaction were not disclosed. Quality Aluminum engages in the production of precision aluminum forging products and is based in Orange, California. MW General supplies aerospace components and is based in Colorado Springs, Colorado.        

7/29/2013 Strategic Armory Corps. acquired ArmaLite, Inc. The terms of the transaction were not disclosed. Strategic Armory manufactures firearms and firearm accessories and is based in Prague, Oklahoma. ArmaLite manufactures and markets arms and ammunitions and is based in Geneseo, Illinois.        

8/23/2013 Precision Castparts Corp. (NYSE:PCP) acquired Exacta Aerospace, Inc. The terms of the transaction were not disclosed. Precision Castparts manufactures metal components and products and is based in Portland, Oregon. Exacta manufactures and supplies machined part components, sheet metal details and kits and is based in Wichita, Kansas.        

9/5/2013 Dynamic Precision Group, Inc. acquired eight aerospace component fabrication and machining facilities from Unison Engine Components. The terms of the transaction were not disclosed. Dynamic Precision specializes in the fabrication and assembly of gas turbine engine parts and is based in Stuart, Florida. Unison Engine designs and manufactures components and systems for aircraft and is based in Manchester, Connecticut. Latham & Watkins LLP served as legal advisor to Dynamic Precision.        

10/2/2013 HEICO Corporation (NYSE:HEI) acquired Lucix Corporation. The terms of the transaction were not disclosed. HEICO designs, manufactures and sells aerospace and defense related products and is based in Hollywood, Florida. Lucix manufactures commercial and military satellite systems and is based in Camarillo, California.        

9/23/2013 The Safariland Group acquired Allen-Vanguard Corp., Med-Eng Bomb Disposal Suit and Crew Survivability Group. The terms of the transaction were not disclosed. Safariland designs, manufactures and sells law enforcement and security products and is based in Jacksonville, Florida. Allen-Vanguard provides anti-terrorist solutions and is based in Ottawa, Ontario. Med-Eng Bomb Disposal Suit and Crew Survivability Group offer personnel protection services and are based in Ottawa, Ontario. Dechert LLP served as legal advisor to Allen-Vanguard Corp.       

M&A - Financial    

7/8/2013 Hancock Park Associates and Next Point Capital Corporation acquired Sheffield Manufacturing, Inc. The terms of the transaction were not disclosed. Hancock Park and Next Point are private equity firms based in Los Angeles, California. Sheffield Manufacturing produces precision machining, sheet metal and welding products and is based in Sun Valley, California.      

7/10/2013 Armada Acquisition Group acquired Wing Inflatables, Inc. The terms of the transaction were not disclosed. Armada is a principal investment firm based in Lafayette, California. Wing Inflatables designs and produces inflatable boats and other specialty products and is based in Arcata, California.      

9/5/2013 Directional Aviation Capital agreed to acquire Bombardier, Inc.'s Flexjet for $185.0 million. This transaction has subsequently closed. Directional Aviation is a principal investment firm specializing in investing in aviation and is based in Richmond Heights, Ohio. Flexjet provides whole and fractional aircraft ownership and is based in Richardson, Texas. Calfee, Halter & Griswold LLP served as legal advisor to Directional Aviation. Jones Day served as legal advisor to Bombardier.      

9/6/2013 Loar Group acquired Terry's Machine & Mfg., Inc. The terms of the transaction were not disclosed. Loar Group is a platform for the acquisition of companies in the aerospace and defense industries and is based in New York, New York. Terry's Machine manufactures precision machined components and assemblies and is based in Mukilteo, Washington.       

Private Placements    

7/8/2013 Geometwatch, Inc. received $6.0 million in Series A funding. Geometwatch develops environmental observation systems and is based in Las Vegas, Nevada.        

7/12/2013 Colt Defense LLC announced they will receive $14.0 million in funding. Colt Defense engages in the design, development and manufacture of small arms weapons systems and is based in West Hartford, Connecticut.        

8/15/2013 Aerospace Holdings, Inc. (dba GroupAero) announced they will receive $7.0 million in funding. Aerospace Holdings provides design and manufacturing services to the space, commercial aerospace and defense market and is based in New York, New York.        

9/12/2013 3D Robotics Inc. announced they will receive $31.0 million in an equity round of funding from a group of investors. 3D Robotics develops unmanned aerial vehicles and is based in San Diego, California.        

9/26/2013 Aurora Flight Sciences Corporation announced they will receive $6.9 million in an equity round of funding. Aurora Flight Sciences develops and manufactures unmanned systems and aerospace vehicles and is based in Manassas, Virginia.