M&A Deal Summary

Arlington Capital Partners Acquires Keel

On January 25, 2024, private equity firm Arlington Capital Partners acquired manufacturer Keel

Acquisition Highlights
  • This is Arlington Capital Partners’ 4th transaction in the Manufacturing sector.
  • This is Arlington Capital Partners’ 59th transaction in the United States.
  • This is Arlington Capital Partners’ 2nd transaction in South Carolina.

M&A Deal Summary
Date 2024-01-25
Target Keel
Sector Manufacturing
Buyer(s) Arlington Capital Partners
Deal Type Consolidation
Advisor(s) Houlihan Lokey (Financial)
DLA Piper
Morrison & Foerster LLP (Legal)

Target

Keel

Ladson, South Carolina, United States
website
Keel is a manufacturer of complex structures for the highest priority programs within the Navy, Army, and Air Force. Keel is based in Ladson, South Carolina.

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Buyer(S) 1

Buyer

Arlington Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.

DEAL STATS #
Overall 63 of 64
Sector (Manufacturing) 4 of 4
Type (Consolidation) 8 of 8
State (South Carolina) 2 of 2
Country (United States) 59 of 60
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 Pegasus Steel

Goose Creek, South Carolina, United States

Pegasus Steel is a provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers, and other naval and industrial systems. The Company specializes in cutting, forming, machining, and welding large-scale, complex fabrications. Pegasus is headquartered in Goose Creek, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Afton Scientific

Charlottesville, Virginia, United States

Afton Scientific is a contract, development, and manufacturing organization that specializes in small-batch filling of injectables from clinical trials to approved commercial drugs. Afton Scientific is based in Charlottesville, Virginia.

Buy -
Mergr

Product

Company

Legal