MAG Aerospace partners With New Mountain Capital to support growth




MAG Aerospace, has announced that it has partnered with investment firm New Mountain Capital, LLC, to support future growth initiatives, which include launching new contracts and pursuing acquisitions, the company said.

Headquartered in Fairfax, VA, MAG is a turnkey provider of Intelligence, Surveillance and Reconnaissance solutions to the US Government, intergovernmental organizations, and allied governments.

MAG operates over 200 aerial platforms across 6 continents. MAG customers include US Government defense and civilian agencies, intergovernmental organizations including the UN and NATO, and allied governments. MAG also supports a wide range of humanitarian missions including FEMA´s disaster relief efforts in the Caribbean following the 2017 Atlantic hurricane season, forest fire detection in Canada, and United Nations-led peacekeeping and environmental monitoring.

New Mountain identified MAG through a proactive focus on the federal services industry. New Mountain is providing MAG with significant financial and strategic resources to support future growth initiatives which include launching new contracts and pursuing acquisitions.

William Blair served as financial advisor and Cooley LLP served as legal counsel to MAG Aerospace. Wells Fargo and Jefferies served as financial advisors and Ropes & Gray LLP provided legal counsel to New Mountain Capital.

MAG Aerospace is a provider of providing and enabling real-time situational awareness to help its customers make the world smaller and safer. MAG´s team of 1,000+ professionals operate 200+ manned and unmanned special mission aircraft, delivering ~100,000 flight hours annually on 6 continents in support of its customers´ missions.

New Mountain Capital currently manages private equity, public equity, and credit funds with over USD 20 billion in aggregate capital commitments.