M&A Deal Summary
|Target||North American Aviation Services|
|Sellers(s)||Mangrove Equity Partners|
|Deal Type||Add-on Acquisition|
|Advisor(s)||Bluestone Capital Partners LLC (Financial)|
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|Revenue||1.5B USD (2022)|
Triumph Group is an entity which designs, engineers, manufactures, overhauls, and repairs aircraft components, including mechanical controls, avionics, instrumentation, engine accessories, and auxiliary power units. Triumph Group was founded in 1993 and is besed in Berwyn, Pennsylvania.
|Overall||30 of 32|
|Sector (Aerospace)||29 of 30|
|Type (Add-on Acquisition)||20 of 20|
|State (Texas)||5 of 5|
|Country (United States)||27 of 29|
|Year (2014)||3 of 3|
North American Aircraft Services
San Antonio, Texas, United States
North American Aircraft Services, Inc. is a provider of aviation maintenance, repair and overhaul (“MRO”) services focused primarily on plane-side aircraft fuel systems. The company employs approximately 300 people, the majority of whom are located at FBO business units throughout the United States, as well as at international locations. NAAS does extensive business with Boeing, Airbus, Northrop Grumman, Southwest Airlines, FedEx and UPS.
Spirit AeroSystems - Gulfstream G650 and G280 Wing Programs
Tulsa, Oklahoma, United States
Spirit AeroSystems' Gulfstream G650 and G280 Wing Programs provide wing design, engineering, and production based in Tulsa, Oklahoma.
|Category||Private Equity Firm|
Mangrove Equity Partners is a lower-middle market private equity firm focused on investing in North American businesses valued from $10 to $50 million. Mangrove generally targets companies operating in basic industries with defensible market positions and solid growth prospects. Sectors of interest include services, manufacturing, and value-added distribution. Prospective businesses typically have revenues up to $100 million and are profitable with at least $2 million of cash-flow. Target transaction types include management buyouts/buy-ins, recapitalizations, industry, consolidations, family successions, and select turnarounds. Mangrove Equity Partners is based in Tampa, Florida.
|Overall||5 of 12|
|Sector (Aerospace)||2 of 2|
|Type (Add-on Acquisition)||4 of 10|
|State (Texas)||2 of 2|
|Country (United States)||4 of 11|
|Year (2014)||3 of 3|
Integrated Global Services
Richmond, Virginia, United States
Integrated Global Services is a provider of highly engineered, proprietary surface protection solutions and technologies to a diversified global customer base. The Company’s technologies and services solve metal wastage and reliability problems in mission-critical equipment found across energy, power generation and other industrial end markets.
Henderson, Nevada, United States
designs, manufactures, and distributes suspension leveling products and lift kits for the truck, jeep, and sport utility vehicle markets. It also offers accessories through its AMI Styling brand, as well as value-branded suspension kits through its RuggedLift brand. Wheel Pros currently serves more than 10,000 retailers with a global network of 33 distribution centers spanning North America and Australia.