M&A Deal Summary

New Mountain Capital Acquires MAG Aerospace

On June 7, 2018, private equity firm New Mountain Capital acquired aerospace company MAG Aerospace from Clairvest Group

Acquisition Highlights
  • This is New Mountain Capital’s 1st transaction in the Aerospace sector.
  • This is New Mountain Capital’s 48th transaction in the United States.
  • This is New Mountain Capital’s 5th transaction in Virginia.

M&A Deal Summary
Date 2018-06-07
Target MAG Aerospace
Sector Aerospace
Buyer(s) New Mountain Capital
Sellers(s) Clairvest Group
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Cooley (Legal)

Target

MAG Aerospace

Sterling, Virginia, United States
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.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 52 of 95
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 17 of 38
State (Virginia) 5 of 5
Country (United States) 48 of 90
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 Intermarine

New Orleans, Louisiana, United States

Intermarine, founded in 1990, is a global leader in 'asset light' logistics and project cargo shipping. Intermarine primarily oversees highly specialized logistics and shipping requirements for multiyear infrastructure construction projects in the Americas, the Middle East, India and Asia, with an emphasis on cargoes that are too heavy, large, or expensive to travel in traditional drybulk or container ships.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Pivvot

Kansas City, Missouri, United States

Pivvot is a software company that delivers intelligent asset management systems to infrastructure organizations. Pivvot streamlines projects with geospatial location intelligence, including renewable energy siting and suitability, electric transmission and pipeline routing, environmental impact analysis, and custom data acquisition. Pivvot was founded in 2018 and is based in Kansas City, Missouri.

Buy -

Seller(S) 1

SELLER

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.

DEAL STATS #
Overall 20 of 31
Sector (Aerospace) 2 of 2
Type (Secondary Buyout) 5 of 7
State (Virginia) 1 of 1
Country (United States) 8 of 17
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-21 Discovery Air

Etobicoke, Ontario, Canada

Discovery Air is an aviation services company operating across Canada and in select locations internationally. Its principal customers are government agencies and natural resource companies. Discovery Air was founded in 2004 and is based in Etobicoke, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-03 Meriplex

Houston, Texas, United States

Meriplex is a managed solutions provider specializing in delivering intelligent network solutions, cloud enablement and managed services for the mid-enterprise market. Meriplex is based in Houston, Texas.

Buy -
Mergr

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