M&A Deal Summary

Calspan Systems Acquires Calspan Aero Systems Engineering

On July 28, 2020, Calspan Systems acquired aerospace company Calspan Aero Systems Engineering from Gen Cap America and Eagle Private Capital

Acquisition Highlights
  • This is Calspan Systems’ 2nd transaction in the Aerospace sector.
  • This is Calspan Systems’ 4th transaction in the United States.
  • This is Calspan Systems’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-07-28
Target Calspan Aero Systems Engineering
Sector Aerospace
Buyer(s) Calspan Systems
Sellers(s) Gen Cap America
Eagle Private Capital
Deal Type Add-on Acquisition

Target

Calspan Aero Systems Engineering

St. Paul, Minnesota, United States
website
Calspan Aero Systems Engineering is a provider of mission-critical testing and engineering services to manufacturers of jet engines and industrial gas turbines, maintenance, repair, and overhaul (“MRO”) providers, governments, and militaries. Calspan ASE serves the aerospace and energy markets by offering independent testing services at its aerodynamic laboratory; design and build of aerodynamic wind tunnel facilities and equipment across all speed regimes including hypersonic; and design and build of engine test facilities and equipment. Calspan ASE was formed in 1967 and is based in St. Paul, Minnesota.

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Buyer(S) 1

Buyer

Calspan Systems

Buffalo, New York, United States

website

Category Company
Founded 1946
Sector Aerospace
DESCRIPTION

Calspan Systems Corp. is an engineer, designer, analysis and manufacturing firm, specializing in the engineering and manufacture of complex hardware and prototype systems for aerospace industry.

DEAL STATS #
Overall 4 of 4
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Triumph - Force Measurement Systems

San Diego, California, United States

Triumph - Force Measurement Systems is a provider of IT systems for aerospace industry.

Buy -

Seller(S) 2

SELLER

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $5 to $100 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 22 of 26
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 10 of 13
State (Minnesota) 1 of 1
Country (United States) 22 of 26
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Griffin Gear

Roebuck, South Carolina, United States

Griffin Gear specializes in the manufacture of replacement gearing and provides gearbox rebuilds for any conceivable industrial application. Griffin Gear was founded in 1967 and is based in Roebuck, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 TFM Services

Wichita, Kansas, United States

TFM Services is a facility maintenance company specializing in janitorial services and floor maintenance. With more than 35 years of experience, TFM serves a four-state region with facilities maintenance services across a wide range of facility types including retail, commercial, health care, industrial, and education facilities. Services include conventional janitorial services, concrete restoration, power washing, window washing, landscaping, and general maintenance. TFM Services was formed in 1985 and is based in Wichita, Kansas.

Buy -
SELLER

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.

DEAL STATS #
Overall 35 of 46
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 17 of 22
State (Minnesota) 1 of 1
Country (United States) 35 of 46
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-14 Pearce Services

Paso Robles, California, United States

Pearce Services is a provider of engineering, maintenance, and repair services for communications and expansion solutions for the wireline and wireless telecommunications industries. Pearce Services is based in Paso Robles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 Seattle Coffee Gear

Lynnwood, Washington, United States

Seattle Coffee Gear is a coffee equipment retailer in North America supplying the high-growth, home-brewed, specialty coffee market with coffee equipment, whole bean coffee, and a wide range of coffee-related products and repair services. The Company features over 200 machine models, many exclusively, and a curated selection of fresh, whole bean coffee. Seattle Coffee Gear was formed in 2006 and is based in Lynnwood, Washington.

Buy -
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