Missing in Auction: North America – Special Report
25th January 2024 08:28 PM
Missing in Auction (MIA) identifies M&A sale processes reported to be underway that have not resulted in an announcement or update.
The following is a special edition of MIA which lists North American private companies identified in the 2022 period as MIA candidates that have not traded year-to-date.
The full report across all sectors is available for download.
AEROSPACE & DEFENSE
| Company/Asset for Sale | Owner | Advisor | Size | Last Reported Intel |
|---|---|---|---|---|
| Ace Precision | Privately Held | William Blair | USD 20m to USD 30m EBITDA | 27 January 2022 – MERGERMARKET reported Ace Precision reached a deal to sell itself to an unnamed buyer. A deal has not been announced by the company or its reported advisors. MERGERMARKET first reported sale and advisory mandate in August 2021. NOTE: In December 2023, co-founder and president Paul Erdmann passed away. Erdmann and his wife founded the company in 1982. |
| Cadence Aerospace, Tell Tool and other machining and engine related assets divest | Arlington Capital Partners | N/A | USD 20m to USD 30m EBITDA | 24 February 2022 – MERGERMARKET first to report sale alongside undisclosed financial advisor. Sale process kicked off in late 2021. |
| Millennium Machine & Tool | Privately Held | William Blair | USD 10m EBITDA | 22 December 2022 – MERGERMARKET reports the company is in the second round of its sale process and recently finished management presentations. Private equity firms are among the interested parties. MERGERMARKET first reported sale and advisory mandate on 05 December 2022. |
| MRO Holdings | Caoba Capital | Greenhill & Co, RBC Capital Markets | USD 150m EBITDA | 13 January 2022 – MERGERMARKET reports the company is in the second round of its sale process with the majority of interest from financial sponsors. MERGERMARKET first reported sale and advisory mandate in December 2021. |
| Sig Sauer | L&O Holdings | N/A | USD 125m to USD 150m EBITDA | 08 April 2022 – MERGERMARKET first to report company is in the middle of a sale process via an unidentified financial advisor. |
| Trident Maritime Systems | J.F. Lehman & Company | Evercore, Houlihan Lokey | USD 100m EBITDA | 28 September 2022 – MERGERMARKET reports American Industrial Partners is among the bidders showing interest. MERGERMARKET previously reported in August that Trident Maritime Systems was past management presentations with prospective suitors, and final bids were expected to be collected later that month. MERGERMARKET first reported sale and advisory mandate in May 2022. IDENTIFIED BIDDER: American Industrial Partners. |
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