M&A Deal Summary

AE Industrial Partners and HarbourVest Partners Acquire Moeller Aerospace

On July 8, 2016, private equity firms AE Industrial Partners and HarbourVest Partners acquired aerospace company Moeller Aerospace

Acquisition Highlights
  • This is AE Industrial Partners’ 3rd and HarbourVest Partners’ 2nd transaction in the Aerospace sector.
  • This is AE Industrial Partners’ 8th and HarbourVest Partners’ 88th transaction in the United States.
  • This is AE Industrial Partners’ 1st and HarbourVest Partners’ 2nd transaction in Michigan.

M&A Deal Summary

Date 2016-07-08
Target Moeller Aerospace
Sector Aerospace
Buyer(s) AE Industrial Partners
HarbourVest Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) P&M Corporate Finance LLC (Financial)
Honigman (Legal)

Target

Moeller Aerospace

Wixom, Michigan, United States
Moeller Aerospace manufactures highly engineered, flight-critical jet engine components including flow-path hardware such as turbine blades and nozzles. Moeller has become a recognized industry leader in the precision machining of many materials including nickel alloys, stainless steel, titanium, and super alloys in wrought, forged and cast form. Moeller also designs and produces a proprietary fastening technology through its Click-Loc and FlexThread fastener lines. Moeller Aerospace was founded in 1949 and is based in Wixom, Michigan.

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Buyer(S) 2

Buyer

AE Industrial Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.2B 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 8 of 35
Sector (Aerospace) 3 of 14
Type (Buyout (LBO, MBO, MBI)) 5 of 22
State (Michigan) 1 of 1
Country (United States) 8 of 35
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-19 Applied Composites

Dr. Lake Forest, California, United States

Applied Composites is a manufacturer of composite and metallic parts and tooling. Applied Composites is focused on the aerospace and defense, space, and niche and specialty automotive markets, providing high quality, cost-effective parts to these industrial segments. Applied Composites was founded in 2004 and is based in Dr. Lake Forest, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 CDI Engineering Solutions

Houston, Texas, United States

CDI Engineering Solutions is a provider of engineering, design, architecture and project support services to the energy, chemicals and infrastructure markets. CDI’s proven project management capabilities and a deep team of experts enable them to deliver the most complex and challenging projects, safely, on time and on budget. CDI Engineering Solutions was founded in 1950 and is based in Houston, Texas.

Buy -
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 144 of 223
Sector (Aerospace) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 30 of 41
State (Michigan) 2 of 2
Country (United States) 88 of 134
Year (2016) 8 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Envision Pharma

Horsham, United Kingdom

Envision Pharma is a global technology and scientific communication company serving the pharmaceutical, biotechnology, and medical device companies. Envision has grown steadily under consistent leadership across its three core business areas that include scientific solutions – strategic publication planning and related data dissemination services, technology Solutions – design, development, implementation, and support of innovative and strategic management software for life sciences clients including publication planning and management (DatavisionTM), clearance approval (dvClear), and activity request management (Visiontracker) and professional consulting solutions policy, process, compliance and guideline consultancy to life-science companies. Envision Pharma was founded in 2001 and is based in Horsham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Polyconcept

Roelofarendsveen, Netherlands

Polyconcept supplies a wide range of promotional, lifestyle and gift products to more than 10,000 advertising distributors across Europe, as well as to various retail channels. End-users range from large corporations to small enterprises and consumers. Polyconcept was founded in 1973 and is based in Roelofarendsveen, Netherlands.

Buy -