Columbia West Capital News - Industry Deal Intelligence
02.26.14 CWC Q4 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    

10/1/2013 Triumph Aerospace Systems Group LLC acquired General Donlee Canada Inc. (TSX:GDI) for $110.0 million. Triumph engages in metallic structural assemblies and is based in Wayne, Pennsylvania. General Donlee manufactures and sells precision-machined products and is based in Toronto, Canada. Ballard Spahr LLP served as legal advisor to Triumph Aerospace. Bennett Jones LLP served as legal advisor to General Donlee.      

10/1/2013 Astronics Corporation (NasdaqGS:ATRO) acquired AeroSat Corporation for $65.0 million. Astronics designs and manufactures products for the aerospace and defense industries and is based in East Aurora, New York. AeroSat designs, manufactures, and distributes aviation communications systems and is based in Amherst, New Hampshire. Hodgson Russ LLP served as legal advisor to Astronics. Buckingham, Doolittle & Burroughs, LLP served as legal advisor to AeroSat.      

10/1/2013 Communications & Power Industries LLC acquired Radant Technologies, Inc. The terms of the transaction were not disclosed. Communications & Power Industries develops, manufactures, and distributes microwave, radio frequency, power, and control solutions and is based in Palo Alto, California. Radant Technologies designs, manufactures, and tests radomes and is based in Stow, Massachusetts.      

10/1/2013 The Safariland Group acquired Tactical Command Industries, Inc. The terms of the transaction were not disclosed. The Safariland Group designs, engineers, manufactures, and sells law enforcement and security products and is based in Jacksonville, Florida. Tactical Command Industries manufactures and markets tactical communication equipment and is based in Brentwood, California.  

10/8/2013 Henan Meijing Group Co., Ltd. acquired Mooney Aviation Company, Inc. The terms of the transaction were not disclosed. Henan Meijing develops, sells, and leases residential and commercial real estate properties and is based in Zhengzhou, China. Mooney Aviation manufactures four-place, single-engine, and piston-powered aircraft and is based in Kerrville, Texas.      

10/9/2013 CACI International Inc. acquired Six3 Systems Inc. for $820.0 million. CACI International provides information solutions and services to the U.S. federal government and commercial markets in North America and internationally and is based in Arlington, Virginia. Six3 Systems designs and develops intelligence, defense, and civilian solutions for government agencies and is based in McLean, Virginia. Latham & Watkins LLP and Squire, Sanders & Dempsey served as legal advisors to CACI International. Kirkland & Ellis LLP served as legal advisor to Six3 Systems.      

10/28/2013 Trimas Corporation (NasdaqGS:TRS) acquired Mac Fasteners, Inc. for $40.0 million. TriMas designs, manufactures, and distributes various products for commercial, industrial, and consumer markets worldwide and is based in Bloomfield Hills, Michigan. Mac Fasteners manufactures stainless steel aerospace fasteners and is based on Ottawa, Kansas.      

11/7/2013 Air Industries Group (AMEX:AIRI) acquired Miller Stuart Inc. The terms of the transaction were not disclosed. Air Industries Group designs and manufactures structural parts and assemblies that focus on flight safety and is based in Bay Shore, New York. Miller Stuart manufactures electronic and electromechanical equipment, harness and cable assemblies, and printed circuit boards and is based in Hauppauge, New York.      

11/11/2013 Bluedrop Performance Learning, Inc. (TSXV:BPL) acquired Atlantis Systems Corp. for $15.0 million. Bluedrop provides learning solutions and is based in St. John's, Canada. Atlantis Systems provides synthetic training solutions for operator, maintenance, and tactical training and is based in Dartmouth, Canada. Blake, Cassels & Graydon LLP served as legal advisor to Bluedrop. McInnes Cooper LLP served as legal advisor to Atlantis Systems.      

11/12/2013 Acentia acquired Information Systems Consulting Group Inc. The terms of the transaction were not disclosed. Acentia provides technology and management solutions to the federal government and commercial markets and is based in Silver Spring, Maryland. Information Systems Consulting provides IT services to the federal civilian marketplace and is based in Fredericksburg, Virginia.

12/2/2013 TransDigm Group Incorporated (NYSE:TDG) acquired Airborne Systems, Ltd. for $250.0 million. TransDigm designs, produces, and supplies engineered aerospace components and is based in Cleveland, Ohio. Airborne Systems is engaged in designing, developing, and manufacturing personnel and cargo aerial delivery systems, and related products and is based in Pennsauken, New Jersey.

12/4/2013 Vistronix, Inc. acquired Netcentric Technology Inc. The terms of the transaction were not disclosed. Vistronix provides information technology and managed services and is based in Reston, Virginia. Netcentric Technology engages in the system design, integration, and fielding of cloud technologies for the army's tactical edge and is based in Wall, New Jersey.      

12/4/2013 Eagle Ray, Inc. acquired Kore Federal, Inc. The terms of the transaction were not disclosed. Eagle Ray provides strategic transformation services and is based in Chantilly, Virginia. Kore Federal provides federal government transformation and information technology solutions and is based in Church, Virginia. Arnold & Porter LLP served as legal advisor to Eagle Ray. Pillsbury Winthrop Shaw Pittman LLP served as legal advisor to Kore Federal.      

12/5/2013 Discovery Air Defence Services Inc. acquired Advanced Training Systems International, Inc. The terms of the transaction were not disclosed. Discovery Air Defence Services provides combat airborne training services to the Canadian Forces and is based in Pointe Claire, Canada. Advanced Training Systems provides fighter combat and maintenance training programs and is based in Mesa, Arizona.

2/6/2013 RobotShop Distribution Inc. acquired DiaLFonZo-Copter. The terms of the transaction were not disclosed. RobotShop Distribution engages in the distribution of robotic products, services, and technologies and is based in Mirabel, Canada. DiaLFonZo-Copter is engaged in the design and production of multi-rotor UAV copters and is based in Mirabel, Canada.

12/6/2013 Ross Aviation LLC acquired Louisiana Aircraft LLC. The terms of the transaction were not disclosed. Ross Aviation owns and operates a portfolio of fixed-base operations in North America and is based in Denver, Colorado. Louisiana Aircraft, a fixed base operator, provides aviation services and fuel to the Baton Rouge Metropolitan Airport and is based in Baton Rouge, Louisiana.

12/19/2013 L-3 Communications Holdings Inc. (NYSE:LLL) acquired Mustang Technology Group, L.P., which is now operating as L-3 Mustang Technology. The terms of the transaction were not disclosed. L-3 Communications is based in New York, New York and provides command, control, communications, intelligence, surveillance, and reconnaissance systems; aircraft modernization and maintenance; and national security solutions. L-3 Mustang Technology designs and develops radars, radio frequency sensors, aircraft and missile integrated systems, guidance and control systems, algorithms, simulation systems, software, and signal and image processing products. L-3 Mustang Technology is based in Allen, Texas.

12/24/2013 Secure Communication Systems, Inc. acquired Tactical Micro, Inc. The terms of the transaction were not disclosed. Secure Communication Systems designs and manufactures custom rugged computer, build-to-print, and custom contract manufacturing solutions and is based in Santa Ana, California. Tactical Micro, an engineering systems integration company, develops range instrumentation and audio/video broadcasting and recording systems for use on military training ranges and is based in Fredericksburg, Virginia. Hogan Lovells US LLP served as legal advisor to Tactical Micro. O'Melveny & Myers, LLP served as legal advisor to Secure Communication Systems.      

12/30/2013 Noranco Inc. acquired Arnold Engineering, Inc. The terms of the transaction were not disclosed. Noranco manufactures and supplies products for the commercial and military aerospace sectors and is based in Pickering, Canada. Arnold Engineering manufactures and supplies aero structures and is based in Corona, California.      

12/31/2013 Dynamic Precision Group, Inc. acquired Unison Engine Components, Inc. The terms of the transaction were not disclosed. Dynamic Precision Group specializes in the fabrication and assembly of gas turbine engine parts and is based in Stuart, Florida. Unison Engine Components designs, manufactures, and integrates components and systems for aircraft engines and airframes and is based in Manchester, Connecticut. Latham & Watkins LLP and Stikeman Elliott LLP served as legal advisors to Dynamic Precision Group.      

12/31/2013 Aero-Mach Labs, Inc. acquired TCO Manufacturing Inc. The terms of the transaction were not disclosed. Aero-Mach Labs offers instrument repair and overhaul services and is based in Wichita, Kansas. TCO Manufacturing manufactures aircraft static discharge wicks and works and is based in Fort Myers, Florida.    

M&A - Financial    

10/11/2013 LongueVue Capital, LLC acquired Ascent Aviation Services Corp. The terms of the transaction were not disclosed. LongueVue Capital is a private equity firm and is based in Metairie, Louisiana. Ascent Aviation Services provides narrow body maintenance and storage services for aviation customers worldwide and is based in Tucson, Arizona.        

10/14/2013 Crawley Hatfield Capital, LP and SHiRT LLC acquired Certipath, LLC. The terms of the transaction were not disclosed. Crawley Hatfield is a principal investment firm. CertiPath is a U.S. Federal public key infrastructure policy authority partner in testing personal identity verification-interoperability credentials and is based in Herndon, Virginia.        

11/12/2013 The management of Bai, Inc. acquired Bai, Inc. The terms of the transaction were not disclosed. Bai provides professional services to government and industries primarily in the areas of arms control implementation and compliance, non-proliferation, and national security and is based in Alexandria, Virginia.        

11/19/2013 Palm Beach Capital acquired CTS Engines, LLC. The terms of the transaction were not disclosed. Palm Beach Capital is a private equity and venture capital firm and is based in West Palm Beach, Florida. CTS Engines, LLC provides aircraft engine maintenance, repair, and overhaul services and is based in Fort Lauderdale, Florida.        

11/27/2013 Strategic Armory Corps, LLC acquired McMillan Firearms Manufacturing, LLC. The terms of the transaction were not disclosed. Strategic Armory Corps manufactures firearms, ammunitions, and accessories and is based in Prague, Oklahoma. McMillan Firearms manufactures rifles and is based in Phoenix, Arizona. 

12/9/2013 Silver Sail Capital, LLC and 3P Equity Partners LLC acquired Visioneering, Inc. The terms of the transaction were not disclosed. 3P Equity Partners is a private equity investment firm specializing in mid-market companies and is based in Campbell, California. Silver Sail Capital is a private equity firm specializing in lower middle market investments and is based in Los Angeles, California. Visioneering designs, engineers, and builds tooling for aerospace heavyweights and is based in Fraser, Michigan.        

12/11/2013 Montage Partners, Inc. acquired FutureWeld Co., Inc. The terms of the transaction were not disclosed. Montage Partners is a private equity firm specializing in lower middle-market and is based in Scottsdale, Arizona. FutureWeld operates an aerospace special processing facility and is based in Phoenix, Arizona. 

Private Placements    

11/20/2013 Aero Precision, Inc. has announced that it has received an undisclosed amount of funding from White Wolf Capital LLC. Aero Precision engages in the design, manufacture, and supply of precision rifle components in the United States and is based in Tacoma, Washington.        

12/6/2013 Skycatch, Inc. has announced that it has received an undisclosed amount of funding from Sierra Maya Ventures. Skycatch develops, tests, and releases autonomous drone platform for commercial logistics to professional-grade and commercial regulations and is based in San Francisco, California.        

12/14/2013 Ascent Aviation Services Corp. has announced that it has received an undisclosed amount of funding from LongueVue Capital, LLC. Ascent Aviation Services provides narrow body maintenance and storage services for aviation customers worldwide and is based in Tucson, Arizona.        

12/17/2013 Planet Labs Inc. received $60.0 million from a group of investors. Planet Labs, a space and analytics company based in San Francisco, California, operates a fleet of earth imaging satellites to frequently image the entire planet and provide open access to that information.