M&A Deal Summary

Broadtree Partners and AE Industrial Partners Acquire Seanair Machine

On October 12, 2020, private equity firms Broadtree Partners and AE Industrial Partners acquired aerospace company Seanair Machine

Acquisition Highlights
  • This is Broadtree Partners’ 1st and AE Industrial Partners’ 10th transaction in the Aerospace sector.
  • This is Broadtree Partners’ 7th and AE Industrial Partners’ 23rd transaction in the United States.
  • This is Broadtree Partners’ 1st and AE Industrial Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2020-10-12
Target Seanair Machine
Sector Aerospace
Buyer(s) Broadtree Partners
AE Industrial Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Seanair Machine

Farmingdale, New York, United States
Seanair Machine is a family-run manufacturer of OEM precision machined parts for the aerospace industry. It produces structural parts, flight controls, material handling, ground support, fuel systems, landing gears, wing structure parts, removable panels, and weapon-delivery components. Seanair’s long body of work includes the A-6 Intruder, EA-6B Prowler, E-2C Hawkeye, C-2A Greyhound, F-14 Tomcat, the Lunar Module, C-130 Hercules, F-16 Viper, F22 Raptor, U2 Dragon Lady, SH-60 Sea Hawk, V-22 Osprey and several classified programs. The Company produces components in support of operational readiness and force projection of the US Armed Forces and their allies throughout the world. Seanair Machine was founded in 1957 and is based in Farmingdale, New York.

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Buyer(S) 2

DESCRIPTION

Broadtree Partners is a private equity firm focused on acquiring and investing in lower middle-market, US-based companies in partnership with management. The Firm does not have any stated sector preferences and seeks businesses with $5 to $75 million of revenue and $1 to $10 million of EBITDA. Broadtree Partners was formed in 2017 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 7 of 16
Sector: Aerospace M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 14
State: New York M&A 1 of 2
Country: United States M&A 7 of 16
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 West Sweeping Services

United States

West Sweeping Services is a holding company created to acquire power sweeping companies that perform street, highway, construction, parking lot, and industrial power sweeping to private and government entities. West Sweeping Services is based in United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Precision Devices

Wallingford, Connecticut, United States

Precision Devices is a remanufacturer of electric motors and other components for the material handling industry. Precision Devices was founded in 1981 and is based in Wallingford, Connecticut.

Buy -
Buyer

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 23 of 36
Sector: Aerospace M&A 10 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 22
State: New York M&A 1 of 3
Country: United States M&A 23 of 36
Year: 2020 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-22 BigBear.ai

McLean, Virginia, United States

BigBear.ai provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services. It serves nation defense and intelligence agencies, border protection, transportation security, manufacturing, distribution and logistics, travel, entertainment, and tourism sectors. BigBear.ai was founded in 1988 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 PCI

Columbia, Maryland, United States

PCI is a technology-focused company that provides cybersecurity and CNO, cloud engineering and IT infrastructure, data analytics, and system engineering solutions and services to the federal government and intelligence community. PCI LLC was founded in 2008 and is based in Columbia, Maryland, and with a corporate office and training facility in Lexington, Massachusetts, PCI operates in 14 states and internationally. PCI was founded in 2008 and is based in Columbia, Maryland.

Buy -