M&A Deal Summary

Firefly Aerospace Acquires Spaceflight

On June 8, 2023, Firefly Aerospace acquired aerospace company Spaceflight from Mitsui & Co

Acquisition Highlights
  • This is Firefly Aerospace’s 1st transaction in the Aerospace sector.
  • This is Firefly Aerospace’s 1st transaction in the United States.
  • This is Firefly Aerospace’s 1st transaction in Washington.

M&A Deal Summary
Date 2023-06-08
Target Spaceflight
Sector Aerospace
Buyer(s) Firefly Aerospace
Sellers(s) Mitsui & Co
Deal Type Divestiture

Target

Spaceflight

Seattle, Washington, United States
Spaceflight is a next-generation space product and launch services company. Spaceflight offers global launch opportunities, along with comprehensive launch and integration services. Spaceflight is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Firefly Aerospace

Cedar Park, Texas, United States
Category Company
Founded 2017
Sector Aerospace
DESCRIPTION

Firefly Aerospace is providing economical launch vehicles, spacecraft, and in-space services. Firefly's launch vehicles utilize common technologies, manufacturing infrastructure, and launch capabilities, providing LEO launch solutions for up to ten metric tons of payload at the lowest cost per kg in the small-launch class. Firefly Aerospace was founded in 2017 and is based in Cedar Park, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Mitsui & Co

Tokyo, Japan
Category Company
Founded 1947
Sector Diversified
Employees53,602
Revenue 13.32T JPY (2024)
DESCRIPTION

Mitsui & Co engages in the export, import, wholesale, and retail of steel products; steel processing; mining and sale of iron ores; and sale and trading of ferrous scrap and alloy products and chemicals, energy, food, food & retail management, healthcare & service, consumer business, IT & communication business, corporate development business. Mitsui & Co was founded in 1947 and is based in Tokyo, Japan.

DEAL STATS #
Overall 13 of 14
Sector (Aerospace) 1 of 1
Type (Divestiture) 8 of 9
State (Washington) 1 of 1
Country (United States) 7 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-26 Sumitomo Pharma AH

Osaka, Japan

Sumitomo Pharma AH is a Japanese animal health company that leverages its advanced product development capabilities accumulated as a subsidiary of a pharmaceutical manufacturer to develop, manufacture, and sell veterinary medicines for companion animals and livestock, especially in Japan. Sumitomo Pharma AH is based in Osaka, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-08 Santa Priscila

Guayaquil, Ecuador

Santa Priscila is involved in the production, processing, and sales of shrimp, genetics, and feed production. Santa Priscila is based in Guayaquil, Ecuador.

Buy -
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