Axillon Aerospace: Leading The Aerospace Materials Revolution
Deal News | Nov 04, 2024 | SK Capital
SK Capital, a prominent private investment firm, has finalized the acquisition of Parker Hannifin's North America Composites & Fuel Containment Division, subsequently renamed as Axillon Aerospace. Specializing in specialty materials for aerospace and defense sectors, Axillon generates an impressive $350 million annually, operating across six locations in the USA and Mexico with a workforce of around 1,700. Kevin Vicha, an industry veteran with extensive leadership experience, was appointed CEO. The transaction demonstrates SK Capital's focus on building resilient and innovative providers in the specialty materials industry. With legal and financial advising from top firms like Latham & Watkins LLP, J.P. Morgan Securities LLC, and Lazard, this acquisition affirms SK Capital's strategy of enhancing business performance and strategic positioning.
Sectors
- Aerospace and Defense
- Private Equity
Geography
- United States – Axillon Aerospace operates multiple manufacturing locations within the USA.
- Mexico – Axillon Aerospace has manufacturing operations located in Mexico.
Industry
- Aerospace and Defense – Axillon Aerospace provides materials and components specifically for the aerospace and defense markets, making this industry classification relevant.
- Private Equity – SK Capital, a private equity firm, is involved in the acquisition, emphasizing this sector's involvement.
Financials
- $350 million – Annual sales generated by Axillon Aerospace.
- $9 billion – Assets under management by SK Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SK Capital | Acquirer | Company | A private investment firm focused on specialty materials, ingredients, and life sciences sectors with a portfolio generating significant global revenue. |
| Axillon Aerospace | Target Company | Company | Previously Parker Hannifin’s North America Composites & Fuel Containment Division, now a standalone aerospace materials provider. |
| Parker Hannifin Corporation | Vendor | Company | The company sold its North America Composites & Fuel Containment Division to SK Capital. |
| Kevin Vicha | CEO | Person | Appointed CEO of Axillon Aerospace with previous leadership roles at various aerospace organizations. |
| Latham & Watkins LLP | Legal Advisor | Company | Provided legal counsel to SK Capital for the acquisition. |
| J.P. Morgan Securities LLC | Financial Advisor | Company | Served as the financial advisor to SK Capital. |
| HPS Investment Partners, LLC | Debt Financing Provider | Company | Provided committed debt financing for the transaction. |
| Lazard | Exclusive Financial Advisor | Company | Served as exclusive financial advisor to Parker Hannifin Corporation. |
| Jones Day | Legal Counsel | Company | Provided legal counsel to Parker Hannifin Corporation. |