M&A Deal Summary

American Industrial Partners Acquires Vertex

On May 1, 2018, private equity firm American Industrial Partners acquired aerospace company Vertex from L-3 Communications for 540M USD

Acquisition Highlights
  • This is American Industrial Partners’ 2nd transaction in the Aerospace sector.
  • This is American Industrial Partners’ 5th largest (disclosed) transaction.
  • This is American Industrial Partners’ 30th transaction in the United States.
  • This is American Industrial Partners’ 1st transaction in Mississippi.
Investment Fate
  • Vertex merged with another company in 2022 for 2.1B USD.

M&A Deal Summary
Date 2018-05-01
Target Vertex
Sector Aerospace
Buyer(s) American Industrial Partners
Sellers(s) L-3 Communications
Deal Type Divestiture
Deal Value 540M USD

Target

Vertex

Madison, Mississippi, United States
Vertex delivers integrated turnkey lifecycle support from concept definition to engineering and manufacturing, through the end of life support of complex systems and platforms, Vertex offerings include all levels of aviation maintenance, worldwide contractor logistics support, systems engineering and integration, specialized onsite mission execution, high consequence training programs for defense and commercial customers, and integrated supply-chain solutions. Vertex is based in Madison, Mississippi.

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Buyer(S) 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 STATS #
Overall 34 of 53
Sector (Aerospace) 2 of 4
Type (Divestiture) 9 of 19
State (Mississippi) 1 of 1
Country (United States) 30 of 46
Year (2018) 1 of 5
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Presstek

Hudson, New Hampshire, United States

Presstek, Inc. is a provider of digital offset printing products and solutions to the printing and communications industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Crestview Aerospace

Crestview, Florida, United States

Crestview Aerospace provides aircraft structures, major airframe assemblies and military aircraft modifications for leading prime contractors and original equipment manufacturers (OEMs). Crestview Aerospace was founded in 1964 and is based in Crestview, Florida.

Buy $540M

Seller(S) 1

SELLER

L-3 Communications

New York, New York, United States
Category Company
Founded 1997
Sector Technology Hardware
Employees38,000
Revenue 9.6B USD (2017)
DESCRIPTION

L3 Technologies, Inc. is an american company that supplies command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products. L3 Technologies was founded in 1997 and is based in New York.

DEAL STATS #
Overall 7 of 9
Sector (Aerospace) 2 of 3
Type (Divestiture) 6 of 8
State (Mississippi) 1 of 1
Country (United States) 6 of 8
Year (2018) 1 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-13 Adaptive Methods

Centreville, Virginia, United States

Adaptive Methods, Inc. is a systems engineering company that delivers Undersea Warfare (USW) and Anti-Submarine Warfare (ASW) capabilities for U.S. military customers. It is also developing autonomy and sensor payload solutions for use by Unmanned Undersea Vehicles (UUVs).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Applied Defense Solutions

Columbia, Maryland, United States

Applied Defense Solutions, Inc. is an intelligence community, DoD, NASA and other customers with space systems mission planning, space exploration and satellite operations, protection and resiliency. Applied Defense Solutions was founded in 2005 and is based in Columbia, Maryland.

Buy $50M
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