Private equity defense deals in 2022

Advent International takes Maxar Technologies private

provider of comprehensive space solutions and secure, precise, geospatial intelligence

Forged Solutions Group buys Continental Forge

Backed by Arlington Capital Partners

A provider of precision near-net shape forged and machined solutions to the military and commercial aerospace industries

Greenbriar Equity Group buys Applied Aerospace Structures

A provider of design, fabrication, and testing solutions for complex composite and metal bonded structural assemblies.

Arlington Capital Partners sells Octo to IBM

Buyer: IBM

A pure-play digital modernization solutions provider to the federal government

Bernhard Capital Partners buys SE&C

a provider of executive, project management, business development and technical consulting services focused on the DOE complex

Bernhard Capital Partners buys Boston Government Services

an engineering, technology and security firm for government programs, national laboratories, national security facilities, nuclear operations and complex projects

Jet Parts Engineering buys Northeast Aero Compressor

Backed by Vance Street Capital

Aerospace component repair business focused on complex pneumatic, hydraulic and electro-mechanical parts in commercial and cargo aircraft.

Trive Capital buys Forward Slope

Independent provider of mission-critical software and surveillance solutions for the defense industry.

Clayton, Dubilier & Rice and Greenbriar Equity Group merge with Whitcraft Group

A manufacturer of precision formed, machined, and fabricated flight-critical aerospace components.

Carlyle sells Paradigm Precision to Clayton, Dubilier & Rice funds and Greenbriar Equity Group funds

Buyer: Clayton, Dubilier & Rice funds and Greenbriar Equity Group funds

A global independent provider of complex machining, fabrications and assemblies for engine manufacturers, to be combined with Whitcraft Group.

Highlander Partners buys Liteye Systems

Develops, integrates and manufactures Counter Unmanned Aircraft Systems (C-UAS) designed to neutralize hostile drone threats.

Forged Solutions Group buys Steel Industries

Backed by Arlington Capital Partners

A vertically integrated manufacturer of open die forgings and seamless rolled rings for aerospace and defense, space, and industrial markets

Momentum Manufacturing Group buys Little Enterprises

Backed by One Equity Partners

Precision machining services provider for critical components in the semiconductor, aerospace and defense, and medical end markets.

Infinite Electronics buys Cable Connectivity Group

Seller: Torqx Capital Partners and TKH Group NV · Backed by Warburg Pincus

Production, distribution and assembly of specialty cables and cable connectivity solutions

Qnnect buys Hermetic Solutions Group

Backed by Arcline Investment Management

Designs and manufactures hermetic packages and specialty interconnect solutions; its brands are Cristek Interconnects, FilConn, Hi-Rel Group, Litron, PA&E, Sinclair and Zet-Tek Manufacturing.

BCC Redwire Aggregator, LP takes a stake in Redwire

A space infrastructure company that issued Series A Convertible Preferred Stock to Bain Capital and AE Industrial Partners.

FireTeam Solutions merges with Case Consulting

Backed by AE Industrial Partners

Software development and engineering services provider to the U.S. Intelligence Community, based in Leesburg, Virginia

Artemis Capital Partners buys McDanel Advanced Ceramic Technologies

Manufacturer of high-performance advanced tubular ceramics and components

CAES sells Frontgrade Technologies to Veritas Capital

Buyer: Veritas Capital

High-reliability, radiation-hardened electronic solutions for space, defense, healthcare and industrial applications

AE Industrial Partners buys York Space Systems

Independent provider of small satellites, satellite components and turnkey mission operations, based in Denver

Cadrex Manufacturing Solutions buys IDL Precision Machining

Backed by CORE Industrial Partners

an engineering-focused manufacturer of highly complex precision components and assemblies primarily for the aerospace & defense end market

Veritas Capital buys Chromalloy

Seller: Carlyle

Aftermarket repairs and engine and turbine component solutions for aircraft engines and gas turbines

Belcan buys RTM Consulting

Backed by AE Industrial Partners

Provider of digital resource management, business optimization, digital transformation and professional education consulting to service businesses, based in Cincinnati, Ohio

Systems Planning & Analysis buys ORCA unit of Metron

Seller: Metron · Backed by Arlington Capital Partners

Metron's Operations Research & Cyber Analysis division, specializing in operations research, systems of systems engineering, model-based system engineering, and digital engineering

Precision Aviation Group buys PTB Group

Backed by GenNx360 Capital Partners

MRO services on Pratt & Whitney PT6 and Honeywell TPE331 engines, engine and airframe leasing, and aviation supply chain services; listed on the Australian Securities Exchange

Behrman Capital buys George Industries

Designer and manufacturer of highly engineered components, including thermal management products for electronic systems

Edge Autonomy buys Adaptive Energy

Backed by AE Industrial Partners

Designer and manufacturer of solid oxide fuel cells for backup, off grid and UAV power

Apollo-led group takes Atlas Air Worldwide private

Seller: Atlas Air Worldwide shareholders

a global provider of outsourced aircraft and aviation operating services

Trive Capital sells WDC Acquisition

Buyer: Undisclosed buyer

Maker of premium grade aluminum and magnesium sand castings, mainly for aerospace applications.

Leidos buys Cobham Special Mission

Seller: Advent International

Airborne border surveillance and search and rescue services to the Australian Federal Government

HEICO buys Exxelia

Seller: an affiliate of IK Partners and additional sellers

Designs, manufactures and sells high-reliability, complex, passive electronic components and rotary joint assemblies for mostly aerospace and defense applications.

Veritas Capital buys Epiq Solutions

Small form factor, SWaP-C optimized software defined radio and turnkey RF solutions for mission-critical military and commercial embedded computing applications

Arcline Investment Management buys Mezzo Technologies

Designer and manufacturer of proprietary, high-performance microtube heat exchangers used in mission-critical thermal management applications.

Sensata Technologies buys Dynapower

Seller: Pfingsten

Designs and manufactures energy storage and power conversion systems including inverters, converters, rectifiers and custom transformers

Declaration Partners, Capitol Meridian Partners, and 22C Capital buy LMI Consulting

Seller: LMI

for-profit subsidiary of LMI, a provider of technology-enabled management consulting, logistics and digital & analytics solutions to the U.S. government

CollabraLink buys Groundswell Consulting Group

Backed by Washington Harbour Partners

Provider of Appian development and integration services to US federal agencies

Arcline Investment Management buys Custom Interconnects

Designs and manufactures Fuzz Buttons, a high-performance proprietary contact pin technology.

By Light Professional IT Services buys Veraxx

Backed by Sagewind Capital

A provider of complex, high-fidelity aircraft modeling and simulation training technology solutions to the U.S. military.

One Equity Partners buys DESMI

Danish manufacturer of pumps, pumping systems, environmental cleaning equipment and related products and services.

RE3DTECH buys GoProto

Backed by CORE Industrial Partners

a provider of custom manufacturing services with a comprehensive suite of both additive and traditional manufacturing technologies

Vitesse Systems, backed by Trive Capital buys Custom Microwave

Provider of high-performance passive antennas for critical space and ground applications.

Trident Maritime Systems sells Cannon Mining division to J.H. Fletcher &

Buyer: J.H. Fletcher & · Backed by J.F. Lehman & Company

Underground mining equipment, including drill jumbos, scalers and roof bolters

Systima Technologies buys Cornerstone Research Group assets

Seller: Cornerstone Research Group · Backed by Trive Capital

Certain assets including equipment, inventory, and intellectual property

iNRCORE buys Vanguard Electronics

Backed by Jordan

a manufacturer of both catalogue and custom high reliability magnetics for the most demanding applications in the defense, aerospace, space and medical industries

Fairbanks Morse Defense buys Research Tool & Die

A privately owned manufacturer of marine electrical-systems hardware based in Carson, California

Valkyrie Enterprises merges with Hill Technical Solutions

Seller: DC Capital Partners

Systems engineering and integration, technology development and hypersonic design and testing solutions for U.S. Army, Missile Defense Agency and other DoD and Intelligence Community customers

Micross Components buys PAAL Technologies

Backed by Behrman Capital

Provider of MIL-STD-1553 Data Bus Couplers, Harnesses and RF/Wideband Transformers

DC Capital Partners buys Valkyrie Enterprises

Provider of advanced engineering, modeling and simulation, infrastructure sustainment, warfighter readiness, and training solutions; DC Capital portfolio company Hill Technical Solutions is to be merged with it

Moose Bidco takes ManTech private

A provider of innovative technologies and solutions for mission-critical national security programs.

StandardAero buys EB Airfoils

Backed by Carlyle

A provider of component repairs, specializing in aerospace engine fan blades, compressor blades and guide vanes.

Communications & Power Industries Radant Technologies Division buys AdamWorks

Backed by Odyssey Investment Partners

design engineering and manufacturing company for composite structures, including pods, radomes and fairings for manned and unmanned systems for defense customers

Latécoère buys Avcorp

Backed by Searchlight Capital Partners

Canadian aerostructures supplier of wing sub-assemblies, large scale composite parts and after-market services

Semtech sells High-Reliability Discrete Diodes and Assemblies business of Semtech to Micross Components

Buyer: Micross Components · Backed by Behrman Capital

Semiconductor solutions including QPL and non-QPL diodes, rectifiers and transient voltage suppression products, headquartered in Reynosa, Mexico

Two Six Technologies buys Thresher Ventures

Backed by Carlyle Group

A software company with products that detect, analyze, and predict media manipulation by foreign governments.

G.S. Precision buys F.T. Gearing

Backed by AE Industrial Partners

Provider of highly engineered gears to the aerospace and defense industries

TJC, L.P., through an affiliate of The Resolute Fund V buys CPI

Seller: Odyssey Investment Partners

global manufacturer of electronic components and subsystems focused primarily on communications and defense industries

Arcline Investment Management buys Meritec

Designs and manufactures high-performance interconnect embedded systems and connectors.

Accurus Aerospace buys Ferra

Backed by Liberty Hall Capital Partners

acquired by Accurus Aerospace Corporation, a supplier of structural parts, complex assemblies and electromechanical subsystems to the aerospace industry

Applied Composites buys North Coast Composites and North Coast Tool & Mold

Seller: Unitech Holdings · Backed by AE Industrial Partners

Manufacturer of Resin Transfer Molded composite structures and tooling for aerospace, in Cleveland, Ohio

Two Six Technologies buys River Loop Security

Backed by Carlyle Group

A provider of technical expertise in cybersecurity and embedded systems.

cBEYONData buys Alta Via Consulting

Backed by Bluestone Investment Partners

a provider of ERP consulting services centered around improving clients' operations by maximizing value from existing business processes and information systems

G.S. Precision buys SMC Aerospace

Backed by AE Industrial Partners

Provider of highly engineered tubes and machined components for the aerospace and defense industries

Booz Allen Hamilton buys EverWatch

Seller: Enlightenment Capital

A provider of advanced solutions to the defense and intelligence communities.

TransDigm Group buys DART Aerospace

Seller: Greenbriar Equity Group, L.P. and First Aviation Services

Provides highly engineered, unique helicopter mission equipment solutions that predominantly service civilian aircraft.

DC Capital Partners buys uAvionix

Small form factor communications, navigation and surveillance avionics for unmanned and manned aircraft

CGI Automated Manufacturing buys DFF

Backed by CORE Industrial Partners

a precision manufacturer of precision machined components and electromechanical assembly products

Vectrus merges with Vertex

Seller: Vertex shareholders, majority owned by American Industrial Partners Capital Fund VI LP

The Vertex Company, which delivers integrated turnkey lifecycle support including aviation maintenance, contractor logistics support, systems engineering and integration, and training programs for defense and commercial customers

AE Industrial Partners buys Firefly Aerospace

Seller: Noosphere Venture Partners LP

Maker of launch vehicles, spacecraft, and in-space services; AEI acquired a significant stake

CGI Automated Manufacturing buys Haven Manufacturing

Backed by CORE Industrial Partners

a full-service contract manufacturer of highly engineered components, with a metrology division

Trive Capital buys Systems Innovation Engineering

Defense services firm providing systems engineering and design services for radar/RF, directed energy, counter-UAS systems and other emerging defense technologies.

Kingswood Capital Management, LP takes a stake in Lind Marine

A diversified marine services business headquartered north of the San Francisco Bay, together with its affiliated equipment company and boat manufacturing business, Moose Boats.

CGI Automated Manufacturing buys Richlind Metal Fabricators

Backed by CORE Industrial Partners

a provider of precision sheet metal fabrication and machining services

Sigma Defense buys SOLUTE

Backed by Sagewind Capital

A technology and engineering firm that specializes in system modernization with a focus on software engineering, cyber security, cloud architectures, and DevSecOps for the U.S. Department of Defense.

Fairbanks Morse Defense buys Maxim Watermakers

A privately-owned provider of desalination and water treatment technologies for marine defense applications based in Shreveport, La.

Narda AcquisitionCo buys Intelligent RF Solutions

Backed by J.F. Lehman & Company

RF and microwave systems and subsystems for mission-critical military and intelligence community applications

CORE Industrial Partners buys RE3DTECH

a provider of additive manufacturing services with a focus on high-volume production parts (now Uptive)

Tyto Athene buys Qbase

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A pure-play provider of network modernization solutions and IT digital transformation services

Fairbanks Morse Defense buys Federal Equipment

Backed by Arcline Investment Management

Designs and manufactures mission-critical components and systems for the U.S. Navy and U.S. Coast Guard (FEC Military), and has a commercial handling business.

Triman Industries buys Crestwood Technology Group

Backed by AE Industrial Partners

Military aftermarket supply chain business combined with Triman and Brighton Cromwell

Triman Industries buys Brighton Cromwell

Backed by AE Industrial Partners

Military aftermarket supply chain business combined with Triman and Crestwood Technology Group

Washington Harbour Partners buys CollabraLink

Digital transformation services firm with customers throughout the federal sector

Blue Delta Capital Partners takes a stake in Redhorse

Technology company delivering data science and digital transformation solutions for national security, intelligence community and federal civilian customers

ADDMAN Engineering buys Castheon

Backed by American Industrial Partners

Provider of additive manufacturing technologies for mission-critical space applications, with refractory metals expertise.