EMCORE Acquisition: Velocity One Emerges as New Aerospace Powerhouse
Deal News | Mar 05, 2025 | Charlesbank Capital
Charlesbank Capital Partners has successfully completed the acquisition of EMCORE Corporation through a newly formed aerospace manufacturing holding company, Velocity One. This move consolidates EMCORE, alongside Cartridge Actuated Devices, Inc., and Aerosphere Power, into a major player in the aerospace and defense industry. With industry veteran John Borduin as CEO, Velocity One aims to leverage its expanded capabilities to partner with leading component manufacturers, establishing a market-leading aerospace and defense platform. Charlesbank's Brandon White and others have joined the Board of Directors to support future growth and scale opportunities, including pursuing an M&A pipeline.
Sectors
- Aerospace and Defense
- Private Equity
Geography
- United States – The acquisition involves companies based in the US, with Charlesbank headquartered in Boston, MA, and Velocity One in Fairfield, NJ.
Industry
- Aerospace and Defense – The article discusses a transaction impacting companies that provide highly engineered products to the aerospace and defense sectors.
- Private Equity – Charlesbank Capital Partners, a private equity firm, is central to the acquisition and future growth strategy discussed in the article.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Charlesbank Capital Partners | Private Equity Firm | Companies | A middle-market private investment firm responsible for leading the acquisition and creation of Velocity One. |
| Velocity One | Holding Company | Companies | The newly formed aerospace manufacturing holding company resulting from the acquisition. |
| EMCORE Corporation | Target Company | Companies | A provider of inertial navigation solutions to the aerospace and defense industry, acquired by Velocity One. |
| Cartridge Actuated Devices, Inc. (CAD) | Acquired Company | Companies | Part of the companies integrated into Velocity One, specializing in energetic devices. |
| Aerosphere Power | Acquired Company | Companies | Part of the companies integrated into Velocity One, specializing in power system solutions. |
| John Borduin | Chief Executive Officer | People | An industry veteran taking on the CEO role for Velocity One. |
| Brandon White | Managing Director and Co-Head | People | Joined the Board of Directors of Velocity One, representing Charlesbank. |
| Launch Point Partners LLC | Co-Investor | Companies | A private investment firm specializing in the A&D industry, co-investing in Velocity One. |