Troutman Pepper Locke Facilitates Acquisition of FMI Aerostructures by Avem Partners
Deal News | Apr 21, 2025 | Troutman Pepper Locke, LLP
Troutman Pepper Locke, a leading legal firm with expertise in managing complex and distressed investments, has successfully represented Avem Partners in acquiring FMI Aerostructures. Avem, a private equity firm with a niche focus in aerospace and industrial sectors, acquired substantially all assets of Dynamic Aerostructures, Inc., and its affiliates through a court-supervised sale. This acquisition follows FMI Aerostructures' filing for Chapter 11 bankruptcy in early 2025. The firm operates one of the largest independent aerospace manufacturing facilities in North America. The acquisition was completed through a Section 363 sale, with Avem Partners emerging as the winning bidder. This strategic acquisition is set to leverage Avem's network and expertise to stabilize FMI Aerostructures, strengthen its key relationships, improve manufacturing processes, and secure its presence in the aerospace market. The legal team from Troutman Pepper Locke included David Kupetz, Sean Feener, and Tori Remington.
Sectors
- Aerospace and Defense
- Private Equity
- Legal Services
Geography
- United States – The transaction involves companies and legal entities operating primarily in the United States.
- North America – FMI Aerostructures operates one of the largest independent aerospace manufacturing sites in North America.
Industry
- Aerospace and Defense – FMI Aerostructures is part of the aerospace and defense sector, manufacturing components for fighter jets, commercial aircraft, and spacecraft.
- Private Equity – Avem Partners is a private equity firm specializing in investments in the lower middle market aerospace and industrial sectors.
- Legal Services – Troutman Pepper Locke provided legal advisory services in the acquisition process.
Financials
- – The financial terms of the acquisition by Avem Partners were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Avem Partners | Buyer | Company | Avem Partners is a private equity firm with a focus on aerospace and industrial investments. |
| FMI Aerostructures | Target | Company | FMI Aerostructures is a manufacturer of aerospace and defense components, acquired by Avem Partners. |
| Troutman Pepper Locke, LLP | Legal Advisor | Company | Troutman Pepper Locke is a law firm that represented Avem Partners in the acquisition process. |
| Dynamic Aerostructures, Inc. | Selling Company | Company | Part of FMI Aerostructures and involved in the acquisition process. |
| David Kupetz | Attorney | Person | Led the legal team from Troutman Pepper Locke on this transaction. |
| Sean Feener | Attorney | Person | Part of the legal team from Troutman Pepper Locke on this transaction. |
| Tori Remington | Attorney | Person | Part of the legal team from Troutman Pepper Locke on this transaction. |