Merger • Aerospace

ACE Thermal Systems Acquires Air Comm

On December 1, 2021, ACE Thermal Systems acquired aerospace company Air Comm from Arcline Investment Management

Acquisition Context
  • This is ACE Thermal Systems’ 2nd transaction in the Aerospace sector.
  • This is ACE Thermal Systems’ 2nd transaction in the United States.
  • This is ACE Thermal Systems’ 1st transaction in Colorado.

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M&A Deal Summary

Date December 1, 2021
Target Air Comm
Sector Aerospace
Buyer(s) ACE Thermal Systems
Sellers(s) Arcline Investment Management
Deal Type Merger

Target Company

Air Comm

Westminster, Colorado, United States
Air Comm engages in the development and manufacture of state-of-the-art bleed air heaters and vapor-cycle air conditioners for turbine helicopters and fixed-wing applications. Air Comm was founded in 1987 and is based in Westminster, Colorado.
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Buyer Overview 1

Buyer

ACE Thermal Systems

Westminster, Colorado, United States

Category Company
Sector Aerospace
DESCRIPTION

ACE Thermal Systems is specialised in design, engineer, manufacture, and support high-performance environmental control systems (ECS) and components for extreme temperature and operating conditions and reliable everyday use. ACE Thermal Systems is based in Westminster, Colorado.


Deal Context for Buyer #
Overall 2 of 2
Sector: Aerospace 2 of 2
Type: Merger 2 of 2
State: Colorado 1 of 1
Country: United States 2 of 2
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Enviro Systems

Seminole, Oklahoma, United States

Enviro Systems is dedicated to Environment Control Systems for business aviation and helicopters. Enviro Systems was founded in 1979 and is based in Seminole, Oklahoma.

Buy -

Seller Profile 1

SELLER

Arcline Investment Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcline Investment Management is a private equity firm that seeks to invest in niche, market-leading companies. Arcline is a generalist investor, however the Firm prefers businesses in the industrials, technology, life science, and chemicals sectors. The Firm targets businesses with $10 to $100 million of EBITDA and valued up to $1 billion. Arcline was formed in 2018 and has offices in New York City and San Francisco.


Deal Context for Seller #
Overall 2 of 5
Sector: Aerospace 1 of 2
Type: Merger 2 of 2
State: Colorado 1 of 1
Country: United States 2 of 5
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Onboard Systems International

Vancouver, Washington, United States

Onboard Systems International is a provider of external cargo handling equipment for airframe manufacturers, military forces, and commercial helicopter operators around the world. Onboard Systems International was founded in 1975 and is based in Vancouver, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 American Holt

Norwood, Maryland, United States

American Holt is a provider of aftermarket replacement parts for production and processing machinery used in several high-throughput manufacturing environments. It specializes in parts supporting the food and beverage, paper converting, material handling, and warehousing manufacturing processes among other high-usage sectors. American Holt was founded in 1995 and is based in Norwood, Maryland.

Buy -