AC&A Enterprises, LLC, a supplier of composite and metallic parts in the aerospace, defense, space, and specialty automobile markets, has announced that it has acquired Applied Composites Engineering, Inc. (ACE), a provider of advanced composites engineering and manufacturing for aerospace and defense applications, the company said.
Terms of the transaction — which closed November 1, 2017 — were not disclosed.
AC&A is a portfolio company of AE Industrial Partners, LLC (“AEI”), a private equity investor specializing in aerospace, power generation, and specialty industrial companies.
Kirkland & Ellis LLP served as legal advisor and PricewaterhouseCoopers LLP served as financial advisor to AE Industrial Partners. John Rowell of Aaron, Bell International* acted as ACE´s exclusive M&A advisor.
Applied Composites Engineering (ACE), based in Indianapolis, IN is a provider of aerospace composites engineering and manufacturing providing advanced composites technologies and solutions to some of the largest and most well-known aerospace and defense organizations in the world. ACE is recognized for its collaboration with customers to deliver innovative, high-tech composites solutions, supported by the relentless pursuit of excellence. For more information, visit www.appliedcomposites.com.
AC&A, based in Lake Forest, CA and acquired by AEI in 2016, is a provider of composite and metallic parts and tooling to the aerospace, defense, space and specialty automobile markets with exceptional carbon composite capabilities. AC&A is highly proficient in both tool generation and component part manufacturing for its core markets as well as emerging, high-growth end markets such as space and unmanned aerial vehicles (UAVs). With a reputation for producing solutions for difficult-to-manufacture parts, AC&A continues to grow its list of blue-chip customers in its key markets. For more information, visit www.acamfg.com.
AE Industrial Partners is a private equity firm specializing in control-oriented investments in aerospace, power generation, and specialty industrial businesses. AEI invests in market-leading companies that can benefit from its deep operating experience, industry knowledge, and relationships. Learn more at www.aeroequity.com.