M&A Deal Summary

Atlas Acquires F.M.I.

On October 9, 2018, Atlas acquired aerospace company F.M.I. from AE Industrial Partners

Acquisition Highlights
  • This is Atlas’ 1st transaction in the Aerospace sector.
  • This is Atlas’ 2nd transaction in the United States.
  • This is Atlas’ 1st transaction in Kansas.

M&A Deal Summary

Date 2018-10-09
Target F.M.I.
Sector Aerospace
Buyer(s) Atlas
Sellers(s) AE Industrial Partners
Deal Type Add-on Acquisition

Target

F.M.I.

Park City, Kansas, United States
F.M.I., Inc. is a manufacturer of large, complex aerospace structural components and subassemblies. FMI offers a full range of premium forming, machining, engineering, and complex assembly services to global aerospace customers. FMI provides critical components on many of the largest commercial aerospace platforms including the 737, 737 MAX, 777, and 787. F.M.I was founded in 1992 and is based in Park City, Kansas.

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Buyer(S) 1

Buyer

Atlas

Wichita, Kansas, United States

Category Company
Founded 2007
Sector Aerospace
DESCRIPTION

Atlas manufactures flight-critical, complex assemblies on a diverse group of commercial, military and business aircraft, including the 737MAX, F-35 Joint Strike Fighter, Gulfstream G650, and nearly every Textron Aviation aircraft. Atlas has developed a unique set of machining, specialty forming and chemical processing capabilities, supported by automation technology and low-cost manufacturing. This vertical integration allows Atlas to deliver a broad range of complex aircraft assemblies, including complete aircraft doors, escape hatches, wing structures, and flight control assemblies for a growing list of leading aerospace OEMs. Atlas was founded in 2007 and is based in Wichita, Kansas.


DEAL STATS #
Overall 2 of 2
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kansas) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 Nortech Communications

Carlisle, United Kingdom

Nortech Communications is a provider of communication services.

Sell -

Seller(S) 1

SELLER

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 5 of 19
Sector (Aerospace) 3 of 6
Type (Add-on Acquisition) 5 of 11
State (Kansas) 1 of 1
Country (United States) 5 of 19
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Atlas

Wichita, Kansas, United States

Atlas manufactures flight-critical, complex assemblies on a diverse group of commercial, military and business aircraft, including the 737MAX, F-35 Joint Strike Fighter, Gulfstream G650, and nearly every Textron Aviation aircraft. Atlas has developed a unique set of machining, specialty forming and chemical processing capabilities, supported by automation technology and low-cost manufacturing. This vertical integration allows Atlas to deliver a broad range of complex aircraft assemblies, including complete aircraft doors, escape hatches, wing structures, and flight control assemblies for a growing list of leading aerospace OEMs. Atlas was founded in 2007 and is based in Wichita, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-08 Resolute Industrial

Indianapolis, Indiana, United States

Resolute Industrial is an independent provider of specialty HVAC&R rental services, compressor remanufacturing, and refrigerant storage solutions for mission critical applications across North America. Resolute Industrial was founded in 2015 and is based in Indianapolis, Indiana.

Buy -