M&A Deal Summary

Moog Acquires Genesys Aerosystems Group

On December 21, 2020, Moog acquired aerospace company Genesys Aerosystems Group from McNally Capital and Stephens Capital Partners for 78M USD

Acquisition Highlights
  • This is Moog’s 5th transaction in the Aerospace sector.
  • This is Moog’s 2nd largest (disclosed) transaction.
  • This is Moog’s 17th transaction in the United States.
  • This is Moog’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-12-21
Target Genesys Aerosystems Group
Sector Aerospace
Buyer(s) Moog
Sellers(s) McNally Capital
Stephens Capital Partners
Deal Type Add-on Acquisition
Deal Value 78M USD
Advisor(s) Stephens Investment Banking (Financial)
Ropes & Gray (Legal)

Target

Genesys Aerosystems Group

Mineral Wells, Texas, United States
Genesys Aerosystems is a provider of integrated avionics systems for military and civil aircraft manufacturers and operators. Genesys Aerosystems offers a diverse and growing product line which includes 3D Synthetic Vision Electronic Flight Instrument Systems, S-TEC Analog and Digital Autopilots, HeliSAS® Helicopter Autopilot and Stability Augmentation System, as well as sensors and components. Genesys Aerosystems was established in 2014 and is based in Mineral Wells, Texas.

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Buyer(S) 1

Buyer

Moog

East Aurora, New York, United States
Category Company
Founded 1951
Sector Defense
Employees13,500
Revenue 3.3B USD (2023)
DESCRIPTION

Moog is a worldwide designer, manufacturer, and integrator of precision motion control products and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications, and medical equipment. Moog was founded in 1951 and is based in East Aurora, New York.

DEAL STATS #
Overall 27 of 28
Sector (Aerospace) 5 of 6
Type (Add-on Acquisition) 17 of 18
State (Texas) 1 of 1
Country (United States) 17 of 17
Year (2020) 1 of 1
Size (of disclosed) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Gesellschaft für Antriebstechnik mbH

Geisenheim, Germany

Gesellschaft für Antriebstechnik mbH is a provider in the design and manufacture of high-end fluid rotating unions and slip rings. GAT’s products are used in a variety of applications including specialty industrial machinery, machine tools, steel mills, medical products, wind turbines, and semiconductor fabrication. GAT was founded in 1978 and is based in Geisenheim, Germany.

Buy €49M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Moog - Navigation Aid Business

Salt Lake City, Utah, United States

Moog's Navigation Aid Business provides quality, reliability, and longevity with its navigation aids. Moog Navigation and Surveillance Systems (NaSS) designed and manufactured TACAN systems for use by militaries around the world including systems for fixed site, shipboard, mobile, and man-portable applications.

Sell -

Seller(S) 2

SELLER

McNally Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

McNally Capital is a family office that partners with other family offices to acquire and invest in lower middle-market business services and manufacturing companies. The Firm targets control or minority investments in US-based companies with $5 to $15 of EBITDA. Specific areas of interest include industrials, food/beverages, aerospace/defense, healthcare, energy, and packaging. McNally Capital was established in 2007 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 4
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 4
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Re-Sourcing

Valhalla, New York, United States

Re-Sourcing is a provider of strategic staffing, consulting, and direct hire solutions, focusing on Compliance, Legal, Information Technology, Finance & Accounting, and HR positions. Re-Sourcing was founded in 2003 and is based in Valhalla, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Orbis Operations

McLean, Virginia, United States

Orbis Operations is a provider of intelligence and national security advisory services, software engineering and cyber services, and situational awareness training to the United States government and its allies, as well as select commercial clients. Guided by deep, first-hand knowledge of the global national-security environment, the company provides innovative solutions that integrate its extensive expertise in intelligence, cyber services, and human behavior analysis training. Orbis Operations was formed in 2008 and is based in McLean, Virginia.

Buy -
SELLER

Stephens Capital Partners

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stephens Capital Partners is the direct, private equity investment arm of financial services firm Stephens, Inc. Stephens Capital looks to acquire minority or majority stakes in mid-sized, profitable companies in partnership with management. The Firm will consider opportunities throughout the US valued between $50 and $200 million. Stephens Capital will not consider venture investments or turnaround situations. Stephens Capital Partners is based in Little Rock, Arkansas.

DEAL STATS #
Overall 34 of 40
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 17 of 19
State (Texas) 6 of 7
Country (United States) 33 of 39
Year (2020) 1 of 1
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Airo Mechanical

Mooresville, North Carolina, United States

Airo Mechanical is a provider of HVAC and plumbing installation and service for multi-family residential projects. Airo Mechanical was founded in 2010 and is based in Mooresville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Snap Advances

Salt Lake City, Utah, United States

Snap Advances provides quick access to working capital, plus the tools and expert advice to help you go from Main Street to Main Attraction—in a Snap!. Snap Advances was established in 2009 and is based in Salt Lake City, Utah.

Sell -
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