M&A Deal Summary

Pursuit Aerospace Acquires Dynamic Precision Group

On February 16, 2023, Pursuit Aerospace acquired aerospace company Dynamic Precision Group from The Carlyle Group

Acquisition Highlights
  • This is Pursuit Aerospace’s 2nd transaction in the Aerospace sector.
  • This is Pursuit Aerospace’s 2nd transaction in the United States.
  • This is Pursuit Aerospace’s 1st transaction in Florida.

M&A Deal Summary
Date 2023-02-16
Target Dynamic Precision Group
Sector Aerospace
Buyer(s) Pursuit Aerospace
Sellers(s) The Carlyle Group
Deal Type Merger

Target

Dynamic Precision Group

Stuart, Florida, United States
DPG was created to build a platform of leading independent manufacturers of critical components for the hot section of commercial and military aircraft engines and industrial gas turbines. DPG has acquired TurboCombustor Technology, Paradigm Precision and certain facilities from Unison Engine Components, a subsidiary of GE Aviation.

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Buyer(S) 1

Buyer

Pursuit Aerospace

Manchester, Connecticut, United States
Category Company
Sector Aerospace
DESCRIPTION

Pursuit Aerospace is a global manufacturer of highly engineered aircraft engine components with capabilities across fabrication, precision machining, forging, casting, and complex assembly. Pursuit supports the world’s leading aero-engines across commercial and military aircraft platforms through longer-term relationships with OEMs and Tier 1 suppliers. Pursuit Aerospace is based in Manchester, Connecticut.

DEAL STATS #
Overall 2 of 2
Sector (Aerospace) 2 of 2
Type (Merger) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Whitcraft

Eastford, Connecticut, United States

Whitcraft is a manufacturer of high quality, precision formed, machined and fabricated metal parts for the U.S. aerospace industry. The Company manufactures new and replacement jet engine and helicopter parts for large engine manufacturers serving both the commercial and military aircraft market. Whitcraft was founded in 1960 and is based in Eastford, Connecticut.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 440 of 447
Sector (Aerospace) 13 of 13
Type (Merger) 9 of 9
State (Florida) 11 of 11
Country (United States) 249 of 251
Year (2023) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 Traxys

Strassen, Luxembourg

Traxys is an intermediary between base metal, noble alloy, industrial mineral producers, and industrial end-users. The Company provides a full range of commercial services such as marketing, sales, distribution, hedging, supply chain financing, raw materials sourcing, credit risk coverage, and logistics. Traxys was formed in 1919 and is based in Strassen, Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 PrimeFlight Aviation Services

Sugar Land, Texas, United States

PrimeFlight Aviation Services provides major airlines, airports, cargo, and general aviation customers with GSE maintenance, ground handling services, aircraft services, into-plane fueling, deicing, aviation cleaning supplies, and terminal services, across a global footprint. PrimeFlight is based in Sugar Land, Texas.

Sell -
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