Aeronix Technologies Group Acquired by Tinicum
Deal News | Nov 08, 2024 | William Blair Capital Partners
Tinicum, a private investment partnership, has acquired Aeronix Technologies Group (ATG), a supplier to the defense industry, marking a noteworthy transaction in the sector. William Blair Capital Partners acted as the lead financial advisor to ATG, a portfolio company of ShoreView Industries. This transaction underscores the dynamic movements within the defense and private equity sectors, highlighting the strategic partnership between Tinicum and ATG. Based in Melbourne, Florida, ATG is esteemed for its mission systems, data transfer, signal analysis, and communications products and services. The transaction builds on Tinicum's diversified portfolio, enhancing its footprint in manufacturing, distribution, and industrial technology sectors by adding ATG’s defense-oriented capabilities. ShoreView, the Minneapolis-based private equity firm with a diverse investment portfolio ranging from niche manufacturing to aerospace/defense, continues its strategy of partnering with family and entrepreneur-owned companies. This sale signifies a successful exit and capitalizes on ShoreView’s investment strategy, having raised over $1.8 billion. This acquisition positions Tinicum as a key player in driving innovation and growth within the defense industry.
Sectors
- Defense
- Private Equity
- Manufacturing and Industrial Technology
Geography
- United States – All involved companies - Aeronix Technologies Group based in Florida, ShoreView Industries in Minneapolis, and Tinicum, are based in the United States, emphasizing the geographic relevance.
Industry
- Defense – Aeronix Technologies Group supplies mission systems, data transfer, signal analysis and communications products to the defense industry, highlighting its categorization within the Defense Industry.
- Private Equity – ShoreView Industries, a private equity firm, and the acquisition of ATG by Tinicum illustrates the relevance of this industry sector, showcasing private investments and strategic acquisition efforts.
- Manufacturing and Industrial Technology – Tinicum's management of a diversified group of manufacturing and industrial technology companies demonstrates the significance of this sector in the transaction.
Financials
- $1.8 billion – Amount raised by ShoreView Industries in committed capital across five funds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aeronix Technologies Group (ATG) | Target Company | Company | A supplier of mission systems, data transfer, signal analysis and communications products to the defense industry, acquired by Tinicum. |
| Tinicum | Buyer | Company | A private partnership managing a diversified group of manufacturing, distribution, and industrial technology companies, which acquired ATG. |
| ShoreView Industries | Seller | Company | A private equity firm based in Minneapolis that sold its portfolio company, ATG, to Tinicum. |
| William Blair Capital Partners | Financial Advisor | Company | Acted as the lead financial advisor to ATG for the transaction. |