Greenbriar Equity Group has agreed to buy Applied Aerospace Structures, a provider of design, fabrication, and testing solutions for complex composite and metal bonded structural assemblies.
The company, which was founded in 1954, provides structures for mission-critical space, aerospace, and defense programs for both commercial and government customers.
Greenbriar director Noah Blitzer said, “AASC is a truly exceptional business with a long and successful track record supporting industry leading customers in its space and defense programs.
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“We have been impressed by AASC’s customer-centric approach to providing mission-critical, complex components for demanding environments.
“We are excited by the company’s capabilities and growth and are looking forward to partnering with the AASC team to continue their phenomenal trajectory.”
Services and manufacturing-focused private equity specialist Greenbriar is reportedly already back in the fundraising market eyeing up to $2.75bn for its sixth flagship fund.
Hitting that total would see the firm massively outdo the $1.68bn it collected for its fifth fund just last year. The firm had initially targeted $1bn for Fund V, but soared past that to reach a final close in just a few months of entirely virtual fundraising.
Source: AltAssets
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