M&A Transactions
Barnes Aerospace, a subsidiary of Barnes Group Inc. and portfolio company of Apollo Global Management, Inc., has acquired the East Hartford Operations division of ATI Forged Products, a subsidiary of ATI Inc. (NYSE: ATI) and provider of machining for flight-safety-critical rotating hardware, including rotor hubs, rotorcraft components, and jet engine discs within commercial aerospace and defense markets. Terms of the transaction were not disclosed.
Intuitive Machines, Inc. (NASDAQ: LUNR) has agreed to acquire KinetX, a provider of space navigation, systems engineering, ground software, and constellation mission design solutions to the U.S. federal government and international customers. Terms of the transaction were not disclosed.
Joby Aviation, Inc. (NYSE: JOBY) has agreed to acquire the Urban Air Mobility Passenger Business of Blade Air Mobility, Inc. (NASDAQ: BLDE), a provider of urban air mobility services across the United States and Europe. The transaction is valued up to $125 million.
PrimeFlight Aviation Services, Inc., a portfolio company of The Sterling Group, has acquired the Cargo Handling Operations of StratAir, LLC, a subsidiary of Saltchuk Resources and provider of cargo handling services at Miami International Airport ("MIA"), Richmond International Airport ("RIC"), and Luis Muñoz Marín International Airport in San Juan ("SJU"). Terms of the transaction were not disclosed.
Solestra Group (portco of Emko Capital) has acquired LHM Technologies, Inc., a provider of complex components, assemblies, and sub-assemblies for private sector, U.S. federal government, and international government aerospace and defense markets. Terms of the transaction were not disclosed.
Theon International plc (XAMS: THEON) has acquired Kappa Optronics GmbH, a portfolio company of Afinum Management and provider of ruggedized vision systems and high-reliability imaging technologies for international aerospace and defense markets. The transaction is valued at $87 million.
Voyager Technologies, Inc. (NYSE: VOYG) has acquired Electromagnetic Systems, Inc., a provider of artificial intelligence and machine learning-based automated target recognition software and intelligence analytics for space-based radar systems for the U.S. federal government. Terms of the transaction were not disclosed.
Securities and investment banking products and services are offered through KippsDeSanto & Co., a non-banking subsidiary of Capital One, N.A., a wholly owned subsidiary of Capital One Financial Corporation. KippsDeSanto is a member of FINRA and SIPC. Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency.
