M&A Deal Summary

Odyssey Investment Partners Acquires Testek Solutions

On November 3, 2016, private equity firm Odyssey Investment Partners acquired aerospace company Testek Solutions

Acquisition Highlights
  • This is Odyssey Investment Partners’ 5th transaction in the Aerospace sector.
  • This is Odyssey Investment Partners’ 35th transaction in the United States.
  • This is Odyssey Investment Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2016-11-03
Target Testek Solutions
Sector Aerospace
Buyer(s) Odyssey Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 38 of 52
Sector (Aerospace) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 19 of 20
State (Michigan) 1 of 2
Country (United States) 35 of 49
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-23 AllClear Aerospace & Defense

Livermore, California, 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Addison Group

Chicago, Illinois, United States

Addison Group delivers the expertise and talent that companies need to achieve and sustain business growth, offering a full suite of consulting services and talent solution capabilities across multiple sectors, including information technology, finance and accounting, healthcare, human resources, administrative, and digital marketing. Addison Group was formed in 1999 and is based in Chicago, Illinois.

Buy -
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