M&A Deal Summary

Broadtree Partners and AE Industrial Partners Acquire Seanair Machine

On October 12, 2020, private equity firms Broadtree Partners and AE Industrial Partners acquired aerospace company Seanair Machine

Acquisition Highlights
  • This is Broadtree Partners’ 1st and AE Industrial Partners’ 10th transaction in the Aerospace sector.
  • This is Broadtree Partners’ 6th and AE Industrial Partners’ 23rd transaction in the United States.
  • This is Broadtree Partners’ 1st and AE Industrial Partners’ 1st transaction in New York.

M&A Deal Summary
Date 2020-10-12
Target Seanair Machine
Sector Aerospace
Buyer(s) Broadtree Partners
AE Industrial Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Seanair Machine

Farmingdale, New York, United States
website
Seanair Machine Co. is a family-run, 63-year-old manufacturer of OEM precision machined parts for the aerospace industry. The company has a strong history of innovation, producing high-quality precision parts for the aerospace industry. It produces structural parts, flight controls, material handling, ground support, fuel systems, landing gears, wing structure parts, removable panels, and weapon-delivery components. Seanair’s long body of work includes the A-6 Intruder, EA-6B Prowler, E-2C Hawkeye, C-2A Greyhound, F-14 Tomcat, the Lunar Module, C-130 Hercules, F-16 Viper, F22 Raptor, U2 Dragon Lady, SH-60 Sea Hawk, V-22 Osprey and several classified programs. The Company produces components in support of operational readiness and force projection of the US Armed Forces and their allies throughout the world. Seanair Machine Co. was founded in 1957 and is based in Farmingdale, New York.

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Buyer(S) 2

Buyer

Broadtree Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Broadtree Partners is a private equity firm focused on acquiring and investing in lower middle-market, US-based companies in partnership with management. The Firm does not have any stated sector preferences and seeks businesses with $5 to $75 million of revenue and $1 to $10 million of EBITDA. Broadtree Partners was formed in 2017 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 6 of 16
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 14
State (New York) 1 of 2
Country (United States) 6 of 16
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 CanSource

Longmont, Colorado, United States

CanSource is a supplier of shrink-sleeved cans to craft beverage businesses across the beer, wine, spirits, energy drinks, coffee, kombucha and CBD industries. CanSource was founded in 2011 and is based in Longmont, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Precision Devices

Wallingford, Connecticut, United States

Precision Devices is a remanufacturer of electric motors and other components for the material handling industry. Precision Devices was founded in 1981 and is based in Wallingford, Connecticut.

Buy -
Buyer

AE Industrial Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 5.6B USD
Size Mega
Type Sector Focused
DESCRIPTION
AE Industrial Partners' headquarters in Boca Raton, Florida.
AE Industrial Partners' headquarters in Boca Raton, Florida.

AE Industrial Partners is a private equity firm focused on acquiring and investing in aerospace and industrial companies. The Firm specifically looks for established, profitable companies in the aircraft propulsion (turbojet, turbofan and turboprop aircraft engines) and power generation (industrial turbines) industries, as well as the manufacture of OEM and replacement parts, and aftermarket maintenance, repair and overhaul. AE Industrial Partners was formed in 1998 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 23 of 35
Sector (Aerospace) 10 of 13
Type (Buyout (LBO, MBO, MBI)) 13 of 20
State (New York) 1 of 3
Country (United States) 23 of 34
Year (2020) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-22 NuWave Solutions

McLean, Virginia, United States

NuWave Solutions is a provider of data management, advanced analytics, artificial intelligence, machine learning, and cloud solutions that delivers anticipatory intelligence and advanced decision support solutions and technologies to the federal government. NuWave provides innovative, customized solutions through the development, selection, and integration of leading technologies. The Company has unmatched expertise in advanced technologies across the analytics and data management lifecycle and applies its expertise and teamwork to give customers the ability to solve complex problems, communicate, and manage information. NuWave Solutions was formed in 1999 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 PCI

Columbia, Maryland, United States

PCI LLC is a technology-focused company that provides cybersecurity and CNO, cloud engineering and IT infrastructure, data analytics, and system engineering solutions and services to the federal government and intelligence community. PCI LLC was founded in 2008 and is based in Columbia, Maryland, and with a corporate office and training facility in Lexington, Massachusetts, PCI operates in 14 states and internationally.

Buy -
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