Latest News
AE Industrial Partners Acquires Aircraft Assemblies Manufacturer The Atlas Group
Thursday 11 October 2018

11 October 2018 - US-based private equity investor AE Industrial Partners, LP has acquired commercial, military and business aircraft assemblies manufacturer Aerostructures Acquisition LLC d/b/a The Atlas Group, the firm said.

Terms of the transaction were not disclosed. AEI is combining Atlas with its existing portfolio company, F.M.I., Inc.

Atlas manufactures flight-critical, complex assemblies on a diverse group of commercial, military and business aircraft, including the 737MAX, F-35 Joint Strike Fighter, Gulfstream G650, and nearly every Textron Aviation aircraft.

Atlas has developed a set of machining, specialty forming and chemical processing capabilities, supported by automation technology and low-cost manufacturing.

This vertical integration allows Atlas to deliver a range of complex aircraft assemblies, including complete aircraft doors, escape hatches, wing structures, and flight control assemblies for aerospace OE.

Atlas and FMI are both based in Wichita, Kansas with other strategic locations in Phoenix, Arizona, Bensalem, Pennsylvania and Chihuahua, Mexico.

The combined platform will create a centre of excellence in manufacturing a range of complex assemblies including aircraft doors, engine nacelle structures, pressure bulkheads and a variety of other product families.

Atlas, based in Wichita, Kansas, manufactures flight-critical, complex assemblies on a diverse group of
commercial, military and business aircraft, including the 737MAX, F-35 Joint Strike Fighter, Gulfstream G650, and nearly every Cessna business aircraft.

Atlas has developed a unique set of machining, specialty forming and chemical processing capabilities, supported by automation technology and low-cost manufacturing.

This vertical integration allows Atlas to deliver a range of complex aircraft assemblies, including complete aircraft doors, wing structures, and flight control assemblies for a growing list of aerospace OE

FMI, based in Park City, KS, is a supplier of complex assemblies for the aerospace industry. FMI specialises in large scale parts and complex assemblies for a range of aerospace platforms.

AE Industrial Partners is a private equity firm with more than USD 2.7bn of assets under management specialising in control investments in aerospace and defense, power generation, and specialty industrial businesses.

Kirkland and Ellis LLP served as legal advisor and PricewaterhouseCoopers LLP served as financial advisor to AEI. Dechert LLP served as legal advisor and Lazard served as financial advisor to Atlas.
Details
Date Published: 11/10/2018
Target: Aerostructures Acquisition LLC d/b/a The Atlas Group
Country: USA
Sector: Aerospace/Defence
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: AE Industrial Partners, LP
Comment:
AEI is combining Atlas with its existing portfolio company, F.M.I.

Options