M&A Deal Summary

Dynamic Precision Group Acquires TurboCombustor Technology

On January 9, 2012, Dynamic Precision Group acquired energy services and equipment company TurboCombustor Technology from CAI Capital Partners and AE Industrial Partners

Acquisition Highlights
  • This is Dynamic Precision Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Dynamic Precision Group’s 1st transaction in the United States.
  • This is Dynamic Precision Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2012-01-09
Target TurboCombustor Technology
Sector Energy Services and Equipment
Buyer(s) Dynamic Precision Group
Sellers(s) CAI Capital Partners
AE Industrial Partners
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)

Target

TurboCombustor Technology

Stuart, Florida, United States
TurboCombustor Technology is a manufacture of highly engineered products for the gas turbine engines used in commercial and military applications. Its products find their way into aviation, marine and land-based industrial markets.

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Buyer(S) 1

Buyer

Dynamic Precision Group

Stuart, Florida, United States
Category Company
Sector Aerospace
DESCRIPTION

DPG was created to build a platform of leading independent manufacturers of critical components for the hot section of commercial and military aircraft engines and industrial gas turbines. DPG has acquired TurboCombustor Technology, Paradigm Precision and certain facilities from Unison Engine Components, a subsidiary of GE Aviation.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 2
Country (United States) 1 of 2
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 Paradigm Precision

Stuart, Florida, United States

Paradigm Precision engages in the manufacture of precision machined components for the aerospace, marine, and industrial gas turbine engine industries. Its products include engine structural components, investment castings, turbine center frames and cases, shroud segments, and complex gas turbine engine structural components. Paradigm Precision is based in Stuart, Florida.

Buy $127M

Seller(S) 2

SELLER

CAI Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

CAI Capital Partners is a private equity firm that targets lower middle-market, profitable companies with $3 million or more of EBITDA. CAI Capital Partners has a special interest in founder-led business services or specialty manufacturing companies. CAI Capital Partners was formed in 1989 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 13 of 22
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 10 of 14
State (Florida) 1 of 1
Country (United States) 5 of 9
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-22 Symetra Financial

Bellevue, Washington, United States

Symetra, based in Bellevue, Washington, is the former life insurance and investment division of Safeco Corp. Its services include life insurance, annuities, retirement plans and group medical plans. Symetra has more than two million customers, including 400,000 life insurance policy holders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-16 Feeney Utility

Dorchester, Massachusetts, United States

Feeney Utility Services Group leverages the resources and strength of the largest natural gas utility service provider in the Northeast and the Mid-Atlantic United States to deliver safe and quality turn-key services to the utility industry. Feeney Utility Services Group was formed in 1988 and is based in Dorchester, Massachusetts.

Buy -
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 3 of 19
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 11
State (Florida) 1 of 3
Country (United States) 3 of 19
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-29 Douglas Machine & Tool

Cincinnati, Ohio, United States

Douglas Machine, based in Cincinnati, Ohio, was a leading manufacturer of industrial and aerospace gas turbine engine components. Widely considered to be the leading provider of drilling services to the turbine industry, Douglas Machine was named GE Power Systems' "Supplier of the Year" in 2002-2004. Its unique EDM process technology enables it to produce the lowest cost and highest quality precision components in the industry. An additional facility in Budapest, Hungary serves European customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 AeroSat

Amherst, New Hampshire, United States

AeroSat Corp. develops, produces and distributes wireless communications solutions. Created from its patented core technologies, AeroSat's product line of antennae for corporate and commercial aircraft enable the worldwide reception of television in aircraft, two-way satellite communications, and aircraft-to-aircraft communications.

Sell $12M
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