M&A Deal Summary

Acorn Capital Management Acquires AltAero Aviation Finance

On January 1, 2023, private equity firm Acorn Capital Management acquired financial services company AltAero Aviation Finance

Acquisition Highlights
  • This is Acorn Capital Management’s 1st transaction in the Financial Services sector.
  • This is Acorn Capital Management’s 15th transaction in the United States.
  • This is Acorn Capital Management’s 1st transaction in District of Columbia.

M&A Deal Summary

Date 2023-01-01
Target AltAero Aviation Finance
Sector Financial Services
Buyer(s) Acorn Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

AltAero Aviation Finance

Washington, District of Columbia, United States
AltAero Aviation Finance is an aviation-focused specialty finance platform that was formed to offer flexible credit solutions supporting the private aviation, government & defense, and other civil aerospace markets. AltAero Aviation Finance is headquartered in Washington, District of Columbia.

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Buyer(S) 1

DESCRIPTION

Acorn Capital Management is a private equity group focused on aerospace and defense opportunities. Acorn looks specifically for companies engaged in aerospace parts manufacturing, aircraft modification and upgrades, engineering services, logistics, procurement and maintenance, repair, and overhaul. Acorn Capital Management was established in 2005 and is headquartered in Oklahoma City, Oklahoma.


DEAL STATS #
Overall 18 of 20
Sector: Financial Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 17
State: District of Columbia M&A 1 of 1
Country: United States M&A 15 of 16
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Tods Technology

Dorchester, United Kingdom

Tods Technology is a manufacturer, assembler, and MRO of advanced composite materials and engineering solutions for air and sea defence systems, aircraft interiors, and air transport equipment. Tods Technology specialities include design engineering, radomes, sonar, and underwater acoustic domes, fairings, and high-temperature applications. Tods Technology was formed in 1932 and is headquartered in Dorchester, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Black Sage

Boise, Idaho, United States

Black Sage is a defense technology integrator specialized in autonomous airspace protection solutions to take down small remote piloted aircraft systems. Black Sage employs a hardware-agnostic approach to integrating best-of-breed sensors with its proprietary artificial intelligence-enabled target tracking and defense automation systems to provide adaptable, end-to-end C-UAS systems. Black Sage was founded in 2014 and is based in Boise, Idaho.

Sell -