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AE Industrial Partners: Defense Investment History

50 defense buys: 16 by the firm and 34 add-ons by companies it backs. It sold 5 businesses in that time.

AE Industrial Partners and the companies it backs made the most defense buys in 2020: 16

Buys by the firm and add-ons by companies it backs, by year announced.

Bought by the firmAdd-ons by companies it backs
2020 7 + 916
2021 2 + 68
2022 2 + 810
2023 1 + 34
2024 1 + 12
2025 1 + 23
2026 2 + 57

Source: company, investor and government releases and SEC filings.

TGOs tgos.io

Bought by the firm 16

Aug 202610

AE Industrial Partners buys Attilius Technologies

Vertically integrated national security intelligence platform, formed through the acquisition and rebranding of a provider of data intelligence and analytic solutions

IT and government servicesintelligence communitySource
UndisclosedClosed
Jan 202605

L3Harris sells a 60% stake in a new space technology company, excluding RS-25 to AE Industrial Partners

Buyer: AE Industrial Partners

L3Harris’ space propulsion and power systems and space avionics and communications businesses, contributed to a new space technology company in which L3Harris retains approximately 40 %

C4ISR and electronicspropulsionspaceSource
$845 millionClosed Aug 4, 2026
Jun 202516

AE Industrial Partners buys Air Transport Components

Provider of aircraft component maintenance, repair, and overhaul services, based in Gilbert, Arizona and Tulsa, Oklahoma

MRO and sustainmentSource
UndisclosedClosed Jun 16, 2025
Mar 202404

AE Industrial Partners buys Calca Solutions

Manufacturer of hydrazine, based in Lake Charles, Louisiana

components and materialspropulsionspaceSource
UndisclosedClosed Mar 4, 2024
Jan 202326

AE Industrial Partners buys REDLattice

Pure-play cyber technology company providing full spectrum cyber capabilities; AEI acquired a significant stake

cyberintelligence communitySource
UndisclosedClosed Jan 26, 2023
Oct 202204

AE Industrial Partners buys York Space Systems

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

spaceSource
UndisclosedClosed Nov 14, 2022
Feb 202224

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

spaceSource
UndisclosedClosed Mar 22, 2022
Nov 202101

AE Industrial Partners Structured Solutions I, LP takes a stake in Fire Team Solutions

Provider of mission-critical technology services to the U.S. intelligence community, based in Reston, Virginia

IT and government servicescyberintelligence communitySource
UndisclosedClosed Nov 1, 2021
Jan 202128

AE Industrial Partners buys UAV Factory

Maker of tactical unmanned aerial vehicles and ISR payloads, based in Riga, Latvia, with a second location in Bend, Oregon

C4ISR and electronicsEW and sensorsautonomy and dronesSource
UndisclosedClosed Jan 28, 2021
Nov 202004

AE Industrial Partners buys Pangiam and Linkware

Linkware provides custom software solutions and consulting services to federal government organizations; Pangiam is a security and travel consulting services provider

IT and government servicesintelligence communitySource
UndisclosedClosed Nov 4, 2020
Oct 202026

BBAI Ultimate Holdings buys PCI Strategic Management

Backed by AE Industrial Partners Fund II, LP

A technology-focused company that provides cybersecurity and computer network operations, cloud engineering and IT infrastructure, data analytics, and system engineering solutions and related services.

IT and government servicescyberintelligence communitySource
UndisclosedClosed Oct 23, 2020
Jun 202022

BigBear.ai buys NuWave Solutions

Backed by AE Industrial Partners Fund II, LP

A provider of data management, advanced analytics, artificial intelligence, machine learning, and cloud solutions to the Federal Government.

IT and government servicesintelligence communitySource
UndisclosedClosed Jun 19, 2020
Jun 202001

AE Industrial Partners, LP buys Deep Space Systems

A pioneer in the space industry providing mission-critical payloads, systems and components

components and materialsspaceSource
UndisclosedClosed Jun 1, 2020
Mar 202004

AE Industrial Partners buys G.S. Precision

Manufacturer of complex, high precision components and specialty hardware used primarily in aerospace engines and defense systems

components and materialspropulsionSource
UndisclosedClosed Mar 4, 2020
Mar 202002

AE Industrial Partners, LP buys Adcole Space

Seller: Adcole · Backed by Artemis Capital Partners

Satellite components, including optical sensors such as sun sensors, star trackers and star cameras

EW and sensorscomponents and materialsspaceSource
UndisclosedClosed Mar 2, 2020
Feb 202007

AE Industrial Partners buys American Pacific

Seller: Huntsman Family Investments

Specialty materials manufacturer of critical chemicals, including oxidizers for solid rocket propellant, based in Cedar City, Utah

components and materialsmunitions and missilespropulsionSource
UndisclosedClosed Feb 7, 2020

Add-ons by companies it backs 34

Jun 202604

ATC Group buys Aero Controls

Backed by AE Industrial Partners

FAA-certified provider of specialized, precision-engineered component MRO services, based in Seattle

MRO and sustainmentSource
UndisclosedClosed
Apr 202608

ATC Group buys PAS MRO

Backed by AE Industrial Partners

Specialized provider of bearing repair services

MRO and sustainmentSource
UndisclosedClosed
Mar 202617

G.S. Precision buys Lush Heat Treatment

Backed by AE Industrial Partners

Provider of vacuum and endothermic processing and brazing services, founded in 1952 in Hatfield, United Kingdom

components and materialsSource
UndisclosedClosed
Mar 202617

G.S. Precision buys Headwater Precision

Backed by AE Industrial Partners

High precision manufacturing assets, including robotics, laser, CNC, and advanced coating technologies

aerostructurescomponents and materialsSource
UndisclosedClosed Mar 17, 2026
Mar 202611

AIM MRO buys Advanced Air West Palm Beach

Backed by AE Industrial Partners

Provider of replacement bushings, sleeves and fasteners for landing gear applications in the aerospace and defense aftermarket

MRO and sustainmentcomponents and materialsSource
UndisclosedClosed Mar 11, 2026
Jul 202518

York Space Systems parent company buys ATLAS Space Operations

Backed by AE Industrial Partners

Provider of Ground Software as a Service for satellite communications, based in Traverse City, Michigan

C4ISR and electronicsspaceSource
UndisclosedClosed Aug 29, 2025
Jul 202516

CASE buys Ragnarok Technologies

Backed by AE Industrial Partners

Specialized IT services provider for federal and commercial clients, based in Reston, Virginia

IT and government servicescyberSource
UndisclosedClosed Jul 16, 2025
Apr 202429

CASE merges with CyberKinetics

Backed by AE Industrial Partners

Provider of cloud-based services and cyber solutions to the national security community, based in Herndon, Virginia

IT and government servicescyberintelligence communitySource
UndisclosedClosed Apr 29, 2024
Jun 202308

Firefly Aerospace buys Spaceflight

Backed by AE Industrial Partners

Provider of flight-proven orbital vehicles for payload deliveries, hosting, and transfer services, based in Bellevue, Washington

spaceSource
UndisclosedClosed Jun 8, 2023
Jun 202307

York Space Systems buys Emergent Space Technologies

Backed by AE Industrial Partners

Aerospace technology company developing and fielding mission software and Guidance, Navigation and Control solutions for multi-spacecraft missions

C4ISR and electronicsspaceSource
UndisclosedClosed Jun 7, 2023
Jan 202317

AIM MRO buys Tribologix

Backed by AE Industrial Partners

Provider of engineered surface coatings and dry film lubricants for extreme environments, based in Golden, Colorado

components and materialsspaceSource
UndisclosedClosed
Oct 202226

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

IT and government servicesintelligence communitySource
UndisclosedClosed Oct 26, 2022
Sep 202215

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

IT and government servicesSource
UndisclosedClosed Sep 15, 2022
Aug 202208

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

autonomy and dronescomponents and materialsSource
UndisclosedClosed Aug 8, 2022
Apr 202228

G.S. Precision buys F.T. Gearing

Backed by AE Industrial Partners

Provider of highly engineered gears to the aerospace and defense industries

components and materialsSource
UndisclosedClosed Apr 28, 2022
Apr 202206

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

aerostructurescomponents and materialsSource
UndisclosedClosed Apr 6, 2022
Mar 202225

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

aerostructurescomponents and materialsSource
UndisclosedClosed Mar 25, 2022
Jan 202205

Triman Industries buys Crestwood Technology Group

Backed by AE Industrial Partners

Military aftermarket supply chain business combined with Triman and Brighton Cromwell

MRO and sustainmentSource
UndisclosedClosed
Jan 202205

Triman Industries buys Brighton Cromwell

Backed by AE Industrial Partners

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

MRO and sustainmentcomponents and materialsSource
UndisclosedClosed Jan 5, 2022
Sep 202114

UAV Factory buys Jennings Aeronautics

Backed by AE Industrial Partners

Provider of small unmanned aerial systems, based in San Luis Obispo, California

autonomy and dronesSource
UndisclosedClosed Sep 14, 2021
May 202127

Belcan buys VICTOR42

Backed by AE Industrial Partners

Provider of special operations support, intelligence solutions and training, and IT services for the Federal Government, based in Washington, D.C.

IT and government servicesintelligence communitytraining and simulationSource
UndisclosedClosed May 27, 2021
Apr 202120

American Pacific takes a stake in Frontier Aerospace

Backed by AE Industrial Partners

Space propulsion company offering end-to-end services from concept ideation to product development to design verification testing, based in Simi Valley, California

propulsionspaceSource
UndisclosedClosed Apr 20, 2021
Mar 202102

Ambit Group merges with GreenZone Solutions

Backed by AE Industrial Partners

Data management and analytics, cybersecurity and agile software development for the Federal Government

IT and government servicescyberSource
UndisclosedClosed Mar 2, 2021
Feb 202123

Redwire buys Deployable Space Systems

Backed by AE Industrial Partners

A supplier of deployable solar arrays, structures and mechanisms for space applications

components and materialsspaceSource
UndisclosedClosed Feb 17, 2021
Jan 202119

Redwire buys Oakman Aerospace

Backed by AE Industrial Partners

A provider of digital engineering, spacecraft and satellite design and development, and mission payload development

C4ISR and electronicsspaceSource
UndisclosedClosed Jan 15, 2021
Dec 202021

BigBear.ai buys ProModel Government Services

Seller: ProModel Government Solutions · Backed by AE Industrial Partners Fund II, LP

A provider of mission critical predictive and prescriptive analytics software solutions for decision support to the DoD and U.S. Government.

IT and government servicestraining and simulationSource
UndisclosedClosed Dec 21, 2020
Dec 202015

Redwire buys LoadPath

Backed by AE Industrial Partners

A developer of payload adapters, deployable structures and thermal products for the space industry

aerostructurescomponents and materialsspaceSource
UndisclosedClosed Dec 11, 2020
Dec 202002

NuWave Solutions buys Open Solutions Group

Backed by AE Industrial Partners Fund II, LP

Big data computing and analytics, cloud computing, artificial intelligence, machine learning, geospatial information systems, data mining and systems engineering.

IT and government servicesintelligence communitySource
UndisclosedClosed Dec 2, 2020
Nov 202017

TransDigm Group sells Avista to Belcan

Buyer: Belcan · Backed by AE Industrial Partners

Business TransDigm acquired in March 2019 as part of Esterline; it sat in TransDigm's Airframe segment.

$8 millionClosed Nov 17, 2020
Nov 202003

Belcan buys Telesis

Backed by AE Industrial Partners

Technology services and solutions firm serving defense and civilian federal government customers, based in McLean, Virginia

C4ISR and electronicsIT and government servicescyberSource
UndisclosedClosed Nov 3, 2020
Oct 202029

Redwire buys Roccor

Backed by AE Industrial Partners

A military and commercial hardware supplier in the small satellite market and a manufacturer of deployable booms, structures, antennas, thermal products and solar arrays

components and materialsspaceSource
UndisclosedClosed Oct 28, 2020
Sep 202002

Applied Composites buys Alliance Spacesystems

Backed by AE Industrial Partners

Provider of high-performance composite structures and assemblies for the commercial, civil and government satellite market

aerostructuresspaceSource
UndisclosedClosed Sep 2, 2020
Jun 202023

Redwire buys Made In Space

Backed by AE Industrial Partners

A provider of on-orbit space manufacturing technologies; the deal also includes Made In Space Europe, based in Luxembourg

components and materialsspaceSource
UndisclosedClosed Jun 22, 2020
Jan 202002

Gryphon Technologies buys OMNITEC Solutions

Backed by AE Industrial Partners

Provider of enterprise technology, cloud, analytical, strategic advisory and advanced engineering solutions to the defense and federal communities

IT and government servicesSource
UndisclosedClosed Jan 2, 2020

Sold 5

Oct 202501

NewMarket buys Calca Solutions

Seller: AE Industrial Partners

Producer of UltraPure and high-purity hydrazine propellants, based in Lake Charles, Louisiana

components and materialspropulsionspaceSource
UndisclosedClosed Oct 1, 2025
Oct 202415

VSE buys Kellstrom Aerospace

Seller: AE Industrial Partners, LP

Diversified global distributor and service provider supporting the commercial aerospace engine aftermarket.

MRO and sustainmentcomponents and materialsSource
$200 millionClosed Dec 3, 2024
Jun 202410

Cognizant buys Belcan

Seller: AE Industrial Partners

Global supplier of Engineering Research & Development services for the commercial aerospace, defense, space, marine and industrial verticals

IT and government servicesMRO and sustainmentSource
$1.3 billionClosed Aug 26, 2024
Dec 202304

NewMarket buys American Pacific

Seller: AE Industrial Partners

Manufacturer of critical performance additives used in solid rocket motors for space launch and military defense applications

components and materialsmunitions and missilespropulsionSource
$700 millionClosed Jan 17, 2024
Nov 202101

ManTech International buys Gryphon Technologies

Seller: AE Industrial Partners

A systems engineering firm providing advanced digital and systems engineering capabilities for Department of Defense agencies.

IT and government servicesshipbuilding and maritimeSource
$361 millionClosed Dec 9, 2021

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