M&A Deal Summary

Intuitive Machines Acquires Lanteris Space Systems

On November 4, 2025, Intuitive Machines acquired aerospace company Lanteris Space Systems from Advent International for 800M USD

Acquisition Highlights
  • This is Intuitive Machines’ 2nd transaction in the Aerospace sector.
  • This is Intuitive Machines’ largest (disclosed) transaction.
  • This is Intuitive Machines’ 2nd transaction in the United States.
  • This is Intuitive Machines’ 1st transaction in California.

M&A Deal Summary

Date 2025-11-04
Target Lanteris Space Systems
Sector Aerospace
Buyer(s) Intuitive Machines
Sellers(s) Advent International
Deal Type Add-on Acquisition
Deal Value 800M USD
Advisor(s) Simpson Thacher & Bartlett (Legal)

Target

Lanteris Space Systems

Palo Alto, California, United States
Lanteris Space Systems provides engineering and manufacturing services for satellite structures and components. The Company develops mechanical systems, payload mounts, and spacecraft structures for use in commercial, government, and defense missions. Lanteris Space System is headquartered in Palo Alto, California.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Intuitive Machines

Houston, Texas, United States

Category Company
Founded 2013
Sector Aerospace
Employees435
Revenue 228M USD (2024)
DESCRIPTION

Intuitive Machines is a diversified space technology, infrastructure, and services company focused on fundamentally disrupting lunar access economics. Intuitive Machines was founded in 2013 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Aerospace M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-01 KinetX

Houston, Texas, United States

KinetX is a privately held aerospace engineering and technology company specializing in spaceflight systems, interplanetary navigation, and satellite systems engineering. KinetX was founded in 1992 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 234 of 235
Sector: Aerospace M&A 2 of 2
Type: Add-on Acquisition M&A Deals 87 of 87
State: California M&A 7 of 7
Country: United States M&A 84 of 85
Year: 2025 M&A 4 of 5
Size (of disclosed) 25 of 55
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-06 Heidrick & Struggles International

Chicago, Illinois, United States

Heidrick & Struggles International serves the executive talent and leadership needs of the world's top organizations as the provider of leadership consulting, culture shaping and senior-level executive search services. Heidrick & Struggles International was founded in 1953 and is based in Chicago, Illinois.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-22 Conservice

River Heights, Utah, United States

Conservice is a utility and billing management company that provides software and service solutions for over 1.6 million units in the rental housing industry. Conservice’s unique services include sending each tenant in a housing unit a single bill that encompasses rent, utilities, and any extra charges. Conservice was founded in 2000 and is based in River Heights, Utah.

Sell -