M&A Deal Summary

GKN Acquires Stellex Aerostructures

On August 2, 2006, GKN acquired aerospace company Stellex Aerostructures from The Carlyle Group

Acquisition Highlights
  • This is GKN’s 2nd transaction in the Aerospace sector.
  • This is GKN’s 4th transaction in the United States.
  • This is GKN’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2006-08-02
Target Stellex Aerostructures
Sector Aerospace
Buyer(s) GKN
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)

Target

Stellex Aerostructures

Lebanon, New Jersey, United States
Stellex Aerostructures is a provider of highly engineered titanium and aluminum aerostructure components and subsystems for the commercial aerospace, military/defense, general aviation, and space industries. Stellex Aerostructures is based in Lebanon, New Jersey.

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Buyer(S) 1

Buyer

GKN

Redditch, United Kingdom

Category Company
Sector Engineering
Employees51,400
Revenue 9.7B GBP (2017)
DESCRIPTION

GKN is a global engineering company. Known for its expertise in advanced manufacturing, GKN specializes in designing, manufacturing, and supplying innovative components and systems for the automotive, aerospace, and industrial markets. Its extensive product portfolio includes driveline technologies, electric drivetrains, lightweight structures, aerospace systems, and power management solutions. GKN is based in Redditch, United Kingdom.


DEAL STATS #
Overall 7 of 20
Sector (Aerospace) 2 of 7
Type (Add-on Acquisition) 5 of 12
State (New Jersey) 1 of 1
Country (United States) 4 of 8
Year (2006) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-18 Lakin Manufacturing - QDS Henschen Business

Jackson Center, Ohio, United States

Lakin Manufacturing - QDS Henschen Business is a business based in the United States of America engaged in the design and manufacture of hubs, spindles and axles primarily for off-highway applicationsand springs.

Buy £6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-03 Rockford Powertrain

Loves Park, Illinois, United States

Rockford Powertrain, Inc. is a producer of high speed driveshafts focused on the construction and mining equipment sector. Based in Illinois, Rockford employs 185 people in the US and has outsourced an increasing proportion of its manufacturing to low labour cost countries, principally China, while retaining a strong US engineering and technical presence.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 78 of 481
Sector (Aerospace) 4 of 15
Type (Add-on Acquisition) 42 of 198
State (New Jersey) 1 of 8
Country (United States) 53 of 259
Year (2006) 11 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Command Information

Herndon, Virginia, United States

Command Information, Inc. is a provider of high end net-centric IT consulting services and solutions for IPv6.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-04 Buckeye Partners

Houston, Texas, United States

Buckeye Partners owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. Buckeye Partners was originally established in 1886 and is based in Houston, Texas.

Sell -