M&A Deal Summary

Azalea Capital and Ranger Aerospace Acquire InTech Aerospace

On April 16, 2015, private equity firm Azalea Capital and Ranger Aerospace acquired aerospace company InTech Aerospace

Acquisition Highlights
  • This is Azalea Capital’s 1st and Ranger Aerospace’s 1st transaction in the Aerospace sector.
  • This is Azalea Capital’s 15th and Ranger Aerospace’s 1st transaction in the United States.
  • This is Azalea Capital’s 1st and Ranger Aerospace’s 1st transaction in Texas.

M&A Deal Summary
Date 2015-04-16
Target InTech Aerospace
Sector Aerospace
Buyer(s) Azalea Capital
Ranger Aerospace
Deal Type Buyout (LBO, MBO, MBI)

Target

InTech Aerospace

Houston, Texas, United States
InTech Aerospace provides maintenance, repair, and overhaul (MRO) company specializing in commercial and military airplane interiors and components. InTech Aerospace was founded in 1988 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

Azalea Capital

Greenville, South Carolina, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Azalea Capital is a private investment firm focused on providing equity capital to privately owned middle-market companies located in the Southeast US. Prospective transaction situations include management buyouts, divestitures, recapitalizations, and growth financings. Target companies typically have at least $10 million in revenue and are profitable with up to $8 million of EBITDA. Sectors of interest include niche manufacturing, value-added distribution, business services, consumer products, and healthcare. Azalea was formed in 1995 and is based in Greenville, South Carolina.

DEAL STATS #
Overall 15 of 23
Sector (Aerospace) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 6
State (Texas) 1 of 2
Country (United States) 15 of 23
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 ETAK Systems

Charlotte, North Carolina, United States

ETAK Systems is an outsourced service provider to wireless carriers for scheduled maintenance and installation activities for wireless communication infrastructures in six primary regions throughout the U.S. ETAK’s wireless communication infrastructure services include reserve battery power installation/replacement, power plant upgrades, and capacity-expanding radio installations for carriers. Specializing in services related to communication infrastructure, ETAK also offers site reviews, location analysis, engineering audits, battery testing, small cell, and distributed antenna system installation. ETAK Systems was founded in 1997 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Sunbelt Chemicals

Palm Coast, Florida, United States

Sunbelt Chemicals is a manufacturer of high quality chemical products and supplier of pool chemicals, industrial and household cleaners, surface treatment products as well as a wide array of automotive and specialty marine products.

Sell -
Buyer

Ranger Aerospace

Greenville, South Carolina, United States
Category Company
Founded 1997
Sector Aerospace
DESCRIPTION
Ranger Aerospace's headquarters in Greenville, South Carolina.
Ranger Aerospace's headquarters in Greenville, South Carolina.

Ranger Aerospace is a components overhaul and retrofit company serving commercial airline fleets specializing in aerospace operations and aviation services. Ranger Aerospace was founded in 1997 and is based in Greenville, South Carolina.

DEAL STATS #
Overall 1 of 2
Sector (Aerospace) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 ACL AirShop

Greenville, South Carolina, United States

ACL AirShop is a manufacturer of air cargo nets, straps, and assemblies and sells, leases, and repairs air cargo unit loading devices. ULDs are broadly defined as any platform used to facilitate the movement of air cargo. ACL AirShop was founded in 1979 and is based in Greenville, South Carolina.

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