M&A Deal Summary

Ascent Aviation Services Acquires Marana Aerospace Solutions

On December 15, 2016, Ascent Aviation Services acquired aerospace company Marana Aerospace Solutions from Monroe Capital

Acquisition Highlights
  • This is Ascent Aviation Services’ 1st transaction in the Aerospace sector.
  • This is Ascent Aviation Services’ 1st transaction in the United States.
  • This is Ascent Aviation Services’ 1st transaction in Arizona.

M&A Deal Summary

Date 2016-12-15
Target Marana Aerospace Solutions
Sector Aerospace
Buyer(s) Ascent Aviation Services
Sellers(s) Monroe Capital
Deal Type Merger

Target

Marana Aerospace Solutions

Marana, Arizona, United States
Marana Aerospace Solutions provides aircraft maintenance, repair, overhaul, and storage services to airlines. Marana Aerospace Solutions was founded in 1979 and is based in Marana, Arizona.

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Buyer(S) 1

Buyer

Ascent Aviation Services

Marana, Arizona, United States

Category Company
Sector Aerospace
DESCRIPTION

Ascent Aviation Services is a provider of maintenance, repair, overhaul, and storage services for aviation customers worldwide. Ascent specializes in heavy maintenance, teardown, storage, and line maintenance services for small to mid-sized operators and leasing companies. Ascent Aviation Services is based in Marana, Arizona.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Merger) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 16 of 53
Sector (Aerospace) 2 of 2
Type (Merger) 3 of 3
State (Arizona) 1 of 1
Country (United States) 16 of 53
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Viant Medical

Foxborough, Massachusetts, United States

Viant Medical is a contract manufacturing organization, specializing in medical device components. The Company offers a broad range of capabilities that support the global medical device original equipment manufacturers’ production of devices for diagnostic, orthopedic, surgical and other applications. Viant was founded in 2007 and is based in Foxborough, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 United Subcontractors

St. Paul, Minnesota, United States

United Subcontractors, Inc. is an independent insulation subcontractor in the U.S. and one of the major shell contractors in Florida. USI has become a major building solutions provider in the United States by combining local market savvy with outstanding employees, superior technology, and the infrastructure of a national network. USI provides the nation’s residential and commercial contractors with a wide range of construction services.

Sell -