Buyout (LBO, MBO, MBI) • Aerospace

American Industrial Partners Acquires Ascent Aerospace

On November 19, 2012, private equity firm American Industrial Partners acquired aerospace company Ascent Aerospace

Acquisition Context
  • This is American Industrial Partners’ 1st transaction in the Aerospace sector.
  • This is American Industrial Partners’ 18th transaction in the United States.
  • This is American Industrial Partners’ 2nd transaction in Michigan.

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M&A Deal Summary

Date November 19, 2012
Target Ascent Aerospace
Sector Aerospace
Buyer(s) American Industrial Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Ascent Aerospace

Macomb Township, Michigan, United States
Ascent Aerospace is a full-service global manufacturer and integrator of aerospace automation and integration technologies and aerospace tooling, including metallic and composite molds, mandrels, assembly jig and fixtures and cutting technology. The Company’s tooling systems, factory automation and integration solutions serve critical applications for customers in aerospace, defense and space industries. Ascent Aerospace is based in Macomb Township, Michigan.
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Buyer Overview 1

Buyer

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.


Deal Context for Buyer #
Overall 19 of 55
Sector: Aerospace 1 of 4
Type: Buyout (LBO, MBO, MBI) 11 of 16
State: Michigan 2 of 2
Country: United States 18 of 47
Year: 2012 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Cabinetworks Group

Livonia, Michigan, United States

Cabinetworks Group is a manufacturer of kitchen and bath cabinets, offering a highly-diverse product portfolio of framed and frameless cabinetry that spans the continuum from value-priced options to nearly custom. The Company serves both the R&R and new construction markets through dealers, distributors, home builders, and home centers. Through its manufacturing facilities and service centers strategically located through the United States, Cabinetworks delivers iconic brands including Advanta®, Cabinets 2000, Cardell®, Design-Craft®, Echelon®, KraftMaid®, Master WoodCraft™, MasterCraft™, Medallion®, Merillat®, Modico™, QualityCabinets™, Schuler®, Serenade™, Smart®, Studio Full Access™, and Yorktowne®. Cabinetworks Group is based in Livonia, Michigan.

Buy $27M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Potomac Supply

Kinsale, Virginia, United States

Potomac Supply Corporation manufactures a diverse range of wood products, including treated lumber, wood pellets, decking, fencing and pallets, in its wood-processing and production facilities.

Buy -