M&A Deal Summary

New State Capital Partners Acquires AVEX

On December 21, 2021, private equity firm New State Capital Partners acquired aerospace company AVEX

Acquisition Highlights
  • This is New State Capital Partners’ 1st transaction in the Aerospace sector.
  • This is New State Capital Partners’ 14th transaction in the United States.
  • This is New State Capital Partners’ 3rd transaction in California.

M&A Deal Summary

Date 2021-12-21
Target AVEX
Sector Aerospace
Buyer(s) New State Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

AVEX

Camarillo, California, United States
AVEX is a provider of sales and maintenance for the Daher TBM turboprop aircraft in North America. With more than 1,000 aircraft in service, the TBM has an enviable position in the single-engine turboprop market. AVEX was founded in 1985 and is based in Camarillo, California.

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Buyer(S) 1

Buyer

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 14 of 19
Sector: Aerospace M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 9
State: California M&A 3 of 3
Country: United States M&A 14 of 18
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-12 Wilmington Paper

Pine Brook, New Jersey, United States

Wilmington Paper acquires scrap and post-commercial use fiber from a network of over 2,000 converting and waste hauling suppliers across the U.S. The Company utilizes on-premise assets at its suppliers' sites, in-house logistical and brokering capabilities, and eight strategically-located recycling centers across the eastern and southern U.S. to collect, transport, process, and market premium recycled fiber grades globally into the growing recycled corrugated, tissue, and folding carton production end markets. Wilmington Paper was formed in 1977 and is based in Pine Brook, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Patuxent

Millersville, Maryland, United States

Patuxent is an independent provider of roofing installation, waterproofing, and related services. The company primarily focuses on re-roofing services for government, institutional, industrial, and multi-family end markets located in the Mid-Atlantic region of the United States. Patuxent was formed in 2008 and is based in Millersville, Maryland.

Buy -