M&A Deal Summary

CPI Aerostructures Acquires Welding Metallurgy

On March 22, 2018, CPI Aerostructures acquired engineering company Welding Metallurgy from Air Industries Group for 9M USD

Acquisition Highlights
  • This is CPI Aerostructures’ 1st transaction in the Engineering sector.
  • This is CPI Aerostructures’ largest (disclosed) transaction.
  • This is CPI Aerostructures’ 1st transaction in the United States.
  • This is CPI Aerostructures’ 1st transaction in New York.

M&A Deal Summary
Date 2018-03-22
Target Welding Metallurgy
Sector Engineering
Buyer(s) CPI Aerostructures
Sellers(s) Air Industries Group
Deal Type Divestiture
Deal Value 9M USD

Target

Welding Metallurgy

Hauppauge, New York, United States
Welding Metallurgy, Inc. is a provider of engineering and welding services. Welding Metallurgy is based in Hauppauge, New York.

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Buyer(S) 1

Buyer

CPI Aerostructures

Edgewood, New York, United States
Category Company
Founded 1980
Sector Aerospace
Employees259
DESCRIPTION

CPI Aerostructures, Inc. is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security markets.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Air Industries Group

Bay Shore, New York, United States
Category Company
Founded 1979
Sector Aerospace
Employees180
Revenue 52M USD (2023)
DESCRIPTION

Air Industries Group is an integrated manufacturer of aircraft structural parts and assemblies principally for prime defense contractors in the defense/aerospace industry including Sikorsky, Lockheed Martin, Boeing and Northrop Grumman. Air Industries was incorporated in 1979 and is based in Bay Shore, New York.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-20 Nassau Tool Works

West Babylon, New York, United States

Nassau Tool Works, Inc. is a manufacturer of aerospace components. Nassau Tool’s primary business is the fabrication of parts, sub-assemblies and complete landing gear systems for military fighter aircraft.

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