M&A Deal Summary

JLL Partners Acquires Aviation Technical Services

On October 1, 2015, private equity firm JLL Partners acquired aerospace company Aviation Technical Services from NewSpring Capital

Acquisition Highlights
  • This is JLL Partners’ 3rd transaction in the Aerospace sector.
  • This is JLL Partners’ 25th transaction in the United States.
  • This is JLL Partners’ 1st transaction in Washington.

M&A Deal Summary

Date 2015-10-01
Target Aviation Technical Services
Sector Aerospace
Buyer(s) JLL Partners
Sellers(s) NewSpring Capital
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Karr Tuttle Campbell (Legal)

Target

Aviation Technical Services

Everett, Washington, United States
Aviation Technical Services (ATS) is a provider of third-party and single-site transport aircraft maintenance, repair, and overhaul services. Aviation Technical Services was founded in 1970 and is based in Everett, Washington.

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Buyer(S) 1

Buyer

JLL Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 26 of 40
Sector (Aerospace) 3 of 4
Type (Secondary Buyout) 5 of 9
State (Washington) 1 of 1
Country (United States) 25 of 38
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 Point Blank Enterprises

Pompano Beach, Florida, United States

Point Blank Enterprises is a provider of protective solutions, including bullet, fragmentation, and stab-resistant apparel and related accessories. Point Blank Enterprises is based in Pompano Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 BioClinica

Princeton, New Jersey, United States

Bioclinica is an integrated clinical life science solutions provider, delivering powerful insight into clinical trial development, assuring greater client success in bringing medical therapies to market, for people around the world. Through deep medical, scientific, and technology expertise, the company provides medical imaging and cardiac safety services; clinical adjudication; randomization and trial supply management and optimization; electronic and eSource data capture; site and patient payments; clinical trial management software; and drug safety solutions. Bioclinica’s global team of life science experts serves more than 500 pharmaceutical, biotechnology, and device organizations including the top 20 biopharmaceutical companies and leading CROs through offices in North America, Europe, and Asia. Bioclinica was formed in 1990 and is based in Princeton, New Jersey.

Sell -

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 32 of 85
Sector (Aerospace) 1 of 2
Type (Secondary Buyout) 8 of 20
State (Washington) 1 of 2
Country (United States) 31 of 84
Year (2015) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Raritan

Somerset, New Jersey, United States

Raritan, Inc. is a provider of power management solutions and KVM-over-IP for data centers of all sizes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 Verisma

Alpharetta, Virginia, United States

Verisma is a provider of health information technology and software services to enable the secure release of protected health information (PHI). Verisma was founded in 2002 and is based in Alexandria, Virginia.

Buy -