Transactions
November 30 2017
KippsDeSanto & Co. Advises Avenge, Inc. on its Sale to MAG Aerospace
KippsDeSanto & Co. is pleased to announce the sale of Avenge, Inc. to MAG Aerospace, supported by Clairvest Group, Inc.
Headquartered in Sterling, VA, Avenge provides flight operations and training services to U.S. government and commercial customers, including the U.S. Army and U.S. Special Operations Command (“SOCOM”). Through its team of highly-trained and experienced pilots, flight operations managers, and aviation professionals, Avenge conducts global missions in support of high-priority Intelligence, Surveillance, and Reconnaissance (“ISR”) and Reconnaissance, Surveillance, Targeting, and Acquisition (“RSTA”) operations. The Company’s core focus on delivering ISR and RSTA mission support is complemented by its expertise in pilot and maintenance training, as well as engineering, technical support, and logistics.
Since its founding in 1999, Avenge has leveraged its industry-wide relationships with key mission-focused leaders to provide quality support to DoD customers across the globe. Serving both CONUS and OCONUS operations, Avenge has supported ISR missions in South America, the Middle East, Africa, and the Mediterranean.
We believe this transaction demonstrates several key trends in the aerospace and defense M&A environment:
• Healthy appetite for companies delivering mission-critical capabilities
• Buyers place value on targets with a robust pipeline of new opportunities and numerous identified avenues for growth across a diverse customer base
• Highly-trained team of experienced professionals maintaining intimate program knowledge viewed as desirable and attractive for customers with evolving mission requirements
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Michael J. Misantone
Brian T. Tunney
Nathan C. Wilson
KippsDeSanto & Co. is pleased to announce the sale of Avenge, Inc. to MAG Aerospace, supported by Clairvest Group, Inc.
Headquartered in Sterling, VA, Avenge provides flight operations and training services to U.S. government and commercial customers, including the U.S. Army and U.S. Special Operations Command (“SOCOM”). Through its team of highly-trained and experienced pilots, flight operations managers, and aviation professionals, Avenge conducts global missions in support of high-priority Intelligence, Surveillance, and Reconnaissance (“ISR”) and Reconnaissance, Surveillance, Targeting, and Acquisition (“RSTA”) operations. The Company’s core focus on delivering ISR and RSTA mission support is complemented by its expertise in pilot and maintenance training, as well as engineering, technical support, and logistics.
Since its founding in 1999, Avenge has leveraged its industry-wide relationships with key mission-focused leaders to provide quality support to DoD customers across the globe. Serving both CONUS and OCONUS operations, Avenge has supported ISR missions in South America, the Middle East, Africa, and the Mediterranean.
We believe this transaction demonstrates several key trends in the aerospace and defense M&A environment:
• Healthy appetite for companies delivering mission-critical capabilities
• Buyers place value on targets with a robust pipeline of new opportunities and numerous identified avenues for growth across a diverse customer base
• Highly-trained team of experienced professionals maintaining intimate program knowledge viewed as desirable and attractive for customers with evolving mission requirements
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Michael J. Misantone
Brian T. Tunney
Nathan C. Wilson
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