M&A Deal Summary

BOK Financial Acquires Quality Aircraft Accessories

On August 1, 2012, BOK Financial acquired aerospace company Quality Aircraft Accessories from Hastings Equity Partners

Acquisition Highlights
  • This is BOK Financial’s 1st transaction in the Aerospace sector.
  • This is BOK Financial’s 1st transaction in the United States.
  • This is BOK Financial’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2012-08-01
Target Quality Aircraft Accessories
Sector Aerospace
Buyer(s) BOK Financial
Sellers(s) Hastings Equity Partners
Deal Type Add-on Acquisition

Target

Quality Aircraft Accessories

Tulsa, Oklahoma, United States
Quality Aircraft Accessories, Inc. ('QAA') is a supplier of accessory parts to the general aviation aircraft industry. QAA repairs and refurbishes aircraft engine components, such as generators, magnetos, fuel and hydraulic pumps, and turbo chargers, in addition to selling new OEM parts as a stocking distributor.

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Buyer(S) 1

Buyer

BOK Financial

Tulsa, Oklahoma, United States
Category Company
Founded 1910
Sector Financial Services
Employees4,936
Revenue 2.0B USD (2023)
DESCRIPTION

BOK Financial is a provider of financial products and services. BOK Financial was incorporated in 1910 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 1 of 3
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Oklahoma) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 MBT Bancshares

Kansas City, Montana, United States

MBT Bancshares, Inc. is a provider of financial services.

Buy $103M

Seller(S) 1

SELLER

Hastings Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Focused
DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 4 of 20
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (Oklahoma) 1 of 5
Country (United States) 4 of 19
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Advanced Precision Products

Palmer, Massachusetts, United States

Advanced Precision Products, Inc. is a provider of tight tolerance, precision machined components and assemblies for the medical, defense, aerospace, oil & gas, automotive and general industrial end markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 CP Well Testing

Elk City, Oklahoma, United States

CP Well Testing is a provider of frac flowback and workover flowback services for oil and gas exploration and development companies to support production in the Granite Wash and Woodford shale plays. CP Well Testing was formed in 2008 and is based in Elk City.

Buy -
Mergr

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