M&A Deal Summary

Whitcraft Acquires Evolution Aero

On December 17, 2019, Whitcraft acquired aerospace company Evolution Aero

Acquisition Highlights
  • This is Whitcraft’s 1st transaction in the Aerospace sector.
  • This is Whitcraft’s 2nd transaction in the United States.
  • This is Whitcraft’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2019-12-17
Target Evolution Aero
Sector Aerospace
Buyer(s) Whitcraft
Deal Type Add-on Acquisition
Advisor(s) Cronus Partners LLC (Financial)

Target

Evolution Aero

South Windsor, Connecticut, United States
Evolution Aero LLC manufactures parts and assemblies for the aerospace and power generation industries, providing customers with the finest in precision machining and design services. It is among an elite class of design-to-production manufacturers offering a “one-stop shop” from concept to completion, integrating the best new technologies and updated equipment and applying lean manufacturing principles to ensure consistently high quality.

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Buyer(S) 1

Buyer

Whitcraft

Eastford, Connecticut, United States
Category Company
Founded 1960
Sector Aerospace
Revenue 87M USD (2010)
DESCRIPTION

Whitcraft is a manufacturer of high quality, precision formed, machined and fabricated metal parts for the U.S. aerospace industry. The Company manufactures new and replacement jet engine and helicopter parts for large engine manufacturers serving both the commercial and military aircraft market. Whitcraft was founded in 1960 and is based in Eastford, Connecticut.

DEAL STATS #
Overall 3 of 3
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 LAI International

Westminster, Maryland, United States

LAI International, Inc. is a contract manufacturer to make complete precision-engineered components and assemblies for the aerospace, power generation, defense, medical and other advanced technology industries. LAI International was established in 1979 and is based in Westminster, Maryland.

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