AE Industrial Partners (AEI) has announced the acquisition of spacecraft components manufacturer Adcole Maryland Aerospace (AMA) from Boston-based private equity firm Artemis Capital Partners, the company said.
AMA has been at the forefront of space exploration since its beginning, providing satellite components that are integral to the success of hundreds of low-earth orbit (LEO), geosynchronous (GEO) and interplanetary spacecraft missions. The Company´s core capabilities include the design and manufacture of mission-critical, high reliability optical sensors for satellites providing guidance, navigation, situational awareness, and control capabilities.
Key products include sun sensors, star trackers, and star cameras. AMA has been an essential part of many space missions including voyages to Mercury, Mars, Jupiter, Saturn, and Pluto, and its customers include the Department of Defense as well as other government agencies and leading aerospace and defense companies.
Artemis acquired Adcole Corporation´s Aerospace Division in May 2014 as part of its acquisition of Adcole Corporation, an international leader in the design and manufacture of industrial metrology products. Artemis led the spin-out and merger of the Adcole Corporation Aerospace Division with Maryland Aerospace Incorporated (MAI) to form AMA in April 2017. AMA achieved attractive growth through commercial strategy enhancements, new product development and strategic partnership and solidified its position as a market leading supplier of mission critical technologies to the US Government and the commercial market for satellite vehicles.
Mesirow Financial was the financial advisor and Morgan Lewis was the legal advisor for Artemis Capital Partners. PwC served as the financial advisor and Akerman LLP served as the legal advisor to AEI.
Adcole Maryland Aerospace (AMA) specializes in the design, manufacture, integration, test, and operation of spacecraft components and small satellites.