M&A Deal Summary

MAG Aerospace Acquires Avenge

On October 30, 2017, MAG Aerospace acquired defense company Avenge

Acquisition Highlights
  • This is MAG Aerospace’s 1st transaction in the Defense sector.
  • This is MAG Aerospace’s 1st transaction in the United States.
  • This is MAG Aerospace’s 1st transaction in Virginia.

M&A Deal Summary
Date 2017-10-30
Target Avenge
Sector Defense
Buyer(s) MAG Aerospace
Deal Type Add-on Acquisition

Target

Avenge

Sterling, Virginia, United States
Avenge, Inc. is a veteran-owned aerospace company specializing in Manned ISR (Intelligence, Surveillance, Reconnaissance) Operations and Training. Avenge has amassed over 400,000 hours of fixed-wing ISR operations experience and also offers pilot and sensor operator flight training for US military personnel and foreign partners.

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Buyer(S) 1

Buyer

MAG Aerospace

Sterling, Virginia, United States
Category Company
Founded 2009
Sector Aerospace
DESCRIPTION

MAG Aerospace is a provider of aviation training, aviation logistics, and technical services to federal, global, civilian, and commercial customers around the world. MAG delivers full spectrum ISR Services (operations, training, and technical services) and other specialty aviation to federal, international, civilian, and commercial customers around the world. MAG's team of 1,000+ professionals operate 200+ manned and unmanned special mission aircraft, delivering ~100,000 flight hours annually on 6 continents in support of its customers' missions.

DEAL STATS #
Overall 2 of 7
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (Virginia) 1 of 1
Country (United States) 1 of 5
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Discovery Air Fire Services

Dryden, Ontario, Canada

Discovery Air Fire Services, Inc. is an aerial operations company with primary bases in Dryden, Kenora, and Sudbury Ontario. DAFS is focused on the provision of Airspace and Aircraft Management (Birddog) services, as well as Aerial Fire Surveillance and Air Charter.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 North American Surveillance Systems

Titusville, Florida, United States

North American Surveillance Systems, Inc. is a provider of an Intelligence, Surveillance, and Reconnaissance (ISR) systems for Domestic and Foreign militaries, Federal, State, and local Law Enforcement agencies, First Responders and Special Mission companies.

Buy -
Mergr

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