Transactions
September 21 2020
KippsDeSanto & Co. Advises Alliance Spacesystems, a subsidiary of SolAero Technologies Corp., on its sale to Applied Composites
KippsDeSanto & Co. is pleased to announce the divestiture of its client, Alliance Spacesystems (“Alliance” or the “Company”) from SolAero Technologies Corp. to Applied Composites, a portfolio company of AE Industrial Partners.
Headquartered in Los Alamitos, California, Alliance provides high-precision composite payload structures for use in satellite buses, antenna reflectors, booms, and support structures for use in both military and commercial satellite applications. As a qualified supplier for Boeing, Lockheed Martin, and Northrop Grumman, among others, the Company offers end-to-end composite manufacturing services, to include engineering, manufacturing, integration, and final qualification testing. The Company’s full suite of composite structure capabilities, state-of-the-art facilities in Los Alamitos and San Diego, and deep customer relationships uniquely position Alliance to complement Applied Composites existing capabilities and accelerate the combined company’s growth.
We believe this transaction demonstrates several key trends in the aerospace and defense M&A market:
• Continued interest and investment in the space end market
• Demand for companies with entrenched position on well-funded programs, and the customer relationships needed to maintain that positioning
• Value creation through the realization of operational and production synergies
• Sustained private equity M&A activity in essential industries despite COVID-19 and associated macroeconomic uncertainty
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Nicholas Dodson
KippsDeSanto & Co. is pleased to announce the divestiture of its client, Alliance Spacesystems (“Alliance” or the “Company”) from SolAero Technologies Corp. to Applied Composites, a portfolio company of AE Industrial Partners.
Headquartered in Los Alamitos, California, Alliance provides high-precision composite payload structures for use in satellite buses, antenna reflectors, booms, and support structures for use in both military and commercial satellite applications. As a qualified supplier for Boeing, Lockheed Martin, and Northrop Grumman, among others, the Company offers end-to-end composite manufacturing services, to include engineering, manufacturing, integration, and final qualification testing. The Company’s full suite of composite structure capabilities, state-of-the-art facilities in Los Alamitos and San Diego, and deep customer relationships uniquely position Alliance to complement Applied Composites existing capabilities and accelerate the combined company’s growth.
We believe this transaction demonstrates several key trends in the aerospace and defense M&A market:
• Continued interest and investment in the space end market
• Demand for companies with entrenched position on well-funded programs, and the customer relationships needed to maintain that positioning
• Value creation through the realization of operational and production synergies
• Sustained private equity M&A activity in essential industries despite COVID-19 and associated macroeconomic uncertainty
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Nicholas Dodson
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