M&A Deal Summary

Angeles Equity Partners Acquires Primus Aerospace

On June 8, 2021, private equity firm Angeles Equity Partners acquired aerospace company Primus Aerospace

Acquisition Highlights
  • This is Angeles Equity Partners’ 1st transaction in the Aerospace sector.
  • This is Angeles Equity Partners’ 7th transaction in the United States.
  • This is Angeles Equity Partners’ 1st transaction in Colorado.

M&A Deal Summary
Date 2021-06-08
Target Primus Aerospace
Sector Aerospace
Buyer(s) Angeles Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)
Brownstein (Legal)

Target

Primus Aerospace

Lakewood, Colorado, United States
website
Primus Aerospace is a manufacturer of complex precision components for the aerospace, defense, and space (“AD&S”) sectors. Primus serves several of the premier AD&S prime contractors and original equipment manufacturers (“OEMs”) for many of the industry’s most strategic platforms and programs. Primus Aerospace is based in Lakewood, Colorado.

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Buyer(S) 1

Buyer

Angeles Equity Partners

Investor Investor Investor

website

Category Private Equity Firm
Founded 2014
PE ASSETS 360M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Angeles Equity Partners LLC is a private equity firm focused on acquiring North American headquartered companies valued up to $350 million. Angeles is a hands-on investor and prefers underperforming companies in need of restructuring, non-core assets of larger businesses, or family/founder owned businesses that could benefit from operational assistance. Target sectors include automotive, building materials, machinery, chemicals, electronics, manufacturing, metals, transportation/logistics, packaging, and distribution. Angeles Capital Partners was formed in 2014 and is based in Los Angeles, California.

DEAL STATS #
Overall 7 of 15
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 7
State (Colorado) 1 of 1
Country (United States) 7 of 14
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 American Construction Source

Springfield, Missouri, United States

American Construction Source is an LBM distributor with 70+ locations in nine states serving the needs of custom home builders, repair & remodel contractors, and DIY consumers. ACS provides lumber and building materials businesses the resources, leverage, and focus to make their ideas happen. American Construction Source was founded in 2018 and is based in Springfield, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Xanitos

Newtown Square, Pennsylvania, United States

Xanitos is a provider of outsourced hospital housekeeping services across the United States. Xanitos’s services include daily and post-discharge cleaning of patient rooms, cleaning and maintenance of flooring in common areas and passageways, and responding to situational cleaning needs. Xanitos was founded in 2008 and is based in Newtown Square, Pennsylvania.

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Legal