Transactions
March 3 2020
KippsDeSanto & Co. advises FreeFlight Systems on its sale to ACR Group, a portfolio company of The Jordan Company
KippsDeSanto & Co. is pleased to announce the sale of its client, FreeFlight Systems (“FreeFlight” or the “Company”), to ACR Group (“ACR”), a portfolio company of The Jordan Company.
Headquartered in Irving, TX, FreeFlight is a leading provider of next generation avionics systems to global commercial and military aerospace customers.
Established in 2001, FreeFlight is at the forefront of the ongoing airspace transformation, providing a full suite of positioning, data collection, state-sensing, flight management, and air traffic management solutions and services. FreeFlight’s customer base spans commercial airline, business aviation, and military / government users worldwide.
ACR’s portfolio of brands is known for high quality and performance and adding FreeFlight’s well-known and respected brand will help the companies realize substantial benefits from their respective technology team collaboration and customer / market access.
We believe this transaction highlights several key trends in the aerospace/defense M&A market:
• Buyers are looking for proprietary, highly engineered, differentiated solutions
• Cutting-edge IP and continued emphasis on R&D are critical for new systems development to exploit value in the midst of a holistic, global overhaul of legacy systems
• Private equity continues to be an avid investor in the broader aerospace industry, looking to the middle market to implement buy and build strategies
LEAD INVESTMENT BANKERS
Michael J. Misantone
KippsDeSanto & Co. is pleased to announce the sale of its client, FreeFlight Systems (“FreeFlight” or the “Company”), to ACR Group (“ACR”), a portfolio company of The Jordan Company.
Headquartered in Irving, TX, FreeFlight is a leading provider of next generation avionics systems to global commercial and military aerospace customers.
Established in 2001, FreeFlight is at the forefront of the ongoing airspace transformation, providing a full suite of positioning, data collection, state-sensing, flight management, and air traffic management solutions and services. FreeFlight’s customer base spans commercial airline, business aviation, and military / government users worldwide.
ACR’s portfolio of brands is known for high quality and performance and adding FreeFlight’s well-known and respected brand will help the companies realize substantial benefits from their respective technology team collaboration and customer / market access.
We believe this transaction highlights several key trends in the aerospace/defense M&A market:
• Buyers are looking for proprietary, highly engineered, differentiated solutions
• Cutting-edge IP and continued emphasis on R&D are critical for new systems development to exploit value in the midst of a holistic, global overhaul of legacy systems
• Private equity continues to be an avid investor in the broader aerospace industry, looking to the middle market to implement buy and build strategies
LEAD INVESTMENT BANKERS
Michael J. Misantone
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