M&A Deal Summary

Odyssey Investment Partners Acquires AllClear Aerospace & Defense

On August 23, 2016, private equity firm Odyssey Investment Partners acquired aerospace company AllClear Aerospace & Defense from Greenwich AeroGroup

Acquisition Highlights
  • This is Odyssey Investment Partners’ 4th transaction in the Aerospace sector.
  • This is Odyssey Investment Partners’ 34th transaction in the United States.
  • This is Odyssey Investment Partners’ 3rd transaction in Florida.

M&A Deal Summary

Date 2016-08-23
Target AllClear Aerospace & Defense
Sector Aerospace
Buyer(s) Odyssey Investment Partners
Sellers(s) Greenwich AeroGroup
Deal Type Divestiture

Target

AllClear Aerospace & Defense

Miramar, Florida, United States
AllClear Aerospace & Defense is the military aftermarket industry’s provider of mission-ready solutions, providing excellence in sustainment for the U.S. militaries and its allies. AllClear's sustainment solutions cover over 25 of the most utilized military aircraft platforms, supported with distribution agreements from leading OEMs, in-house and managed repair solutions, engineered products and manufacturing capabilities. AllClear Aerospace & Defense was founded in 1993 and is based in Miramar, Florida.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.


DEAL STATS #
Overall 37 of 53
Sector (Aerospace) 4 of 5
Type (Divestiture) 4 of 6
State (Florida) 3 of 3
Country (United States) 34 of 50
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-27 L-Com

North Andover, Massachusetts, United States

L-Com, Inc. is a supplier of wired and wireless connectivity products. L-Com Global Connectivity offers a wide range of solutions and unrivaled customer service for the electronics and data communications industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 Testek Solutions

Wixom, Michigan, United States

Testek Solutions designs, manufactures, and supports highly reliable aerospace and defense test equipment and testing facilities for OEMs, MROs, and operators. Testek Solutions was founded in 1969 and is based in Wixom, Michigan.

Buy -

Seller(S) 1

SELLER

Greenwich AeroGroup

Greenwich, Connecticut, United States

Category Company
Founded 2007
Sector Aerospace
DESCRIPTION

Greenwich AeroGroup operates a network of companies that offer commercial, government and the military services, including maintenance, avionics and interior refurbishments, fixed base operations, aircraft sales, charter and management, manufacturing and engineering, component repair and overhaul, parts distribution services.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 AllClear Aerospace & Defense

Miramar, Florida, United States

AllClear Aerospace & Defense is the military aftermarket industry’s provider of mission-ready solutions, providing excellence in sustainment for the U.S. militaries and its allies. AllClear's sustainment solutions cover over 25 of the most utilized military aircraft platforms, supported with distribution agreements from leading OEMs, in-house and managed repair solutions, engineered products and manufacturing capabilities. AllClear Aerospace & Defense was founded in 1993 and is based in Miramar, Florida.

Buy -