Buyout (LBO, MBO, MBI) • Aerospace

Vestar Capital Partners Acquires MAG Aerospace Industries

On July 1, 1989, private equity firm Vestar Capital Partners acquired aerospace company MAG Aerospace Industries

Acquisition Context
  • This is Vestar Capital Partners’ 1st transaction in the Aerospace sector.
  • This is Vestar Capital Partners’ 6th transaction in the United States.
  • This is Vestar Capital Partners’ 1st transaction in California.
Investment Fate
  • MAG Aerospace Industries was sold to a consortium of financial buyers in 1993.
  • MAG Aerospace Industries was sold to a strategic buyer in 1998 for 180M USD.

Explore All 279 Buyout (LBO, MBO, MBI) Aerospace Deals - Search the Database Free


M&A Deal Summary

Date July 1, 1989
Target MAG Aerospace Industries
Sector Aerospace
Buyer(s) Vestar Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

MAG Aerospace Industries

Los Angeles, California, United States
MAG Aerospace Industries, Inc. supplier of sanitation units and blind fasteners to the aerospace industry.
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Buyer Overview 1

Buyer

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


Deal Context for Buyer #
Overall 6 of 86
Sector: Aerospace 1 of 3
Type: Buyout (LBO, MBO, MBI) 5 of 41
State: California 1 of 6
Country: United States 6 of 70
Year: 1989 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-06-01 Russell-Stanley

Bridgewater, New Jersey, United States

Russell-Stanley is a manufacturer and marketer of steel and plastic industrial containers used primarily for the transportation of specialty chemicals, food products and other liquids. Russell-Stanley is based in Bridgewater, New Jersey.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1990-03-01 Wabtec

Pittsburgh, Pennsylvania, United States

Wabtec is a provider of value-added, technology-based products and services for the rail industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec builds new switcher and commuter locomotives and provides aftermarket services, including locomotive and freight car fleet maintenance. Wabtec was formed in 1869 and is based in Pittsburgh, Pennsylvania.

Buy -