AE Industrial Partners, a private equity firm, has acquired a majority stake in York Space Systems, a provider of small satellites, satellite components and mission operations.

York manufactures and designs low Earth orbit, geosynchronous equatorial orbit and cislunar spacecraft services for the proliferated satellite market. The company’s products are designed to balance scalability, manufacturability and efficiency to meet the demand for customers’ small satellite constellations. With this investment, York looks to use investor backing and capital to expand its production in the government and commercial small satellite market.

“We are thrilled to partner with York at such a critical inflection point for the satellite industry and see impactful tailwinds that will further advance the Company’s entrenchment across commercial and defense LEO satellite constellations,” says Tyler Letarte, vice president at AEI. “Having been awarded several high-profile, mission-critical satellite constellation contracts that validate York’s technology and capabilities, the company is well-positioned to achieve significant near-term growth.”

Kirkland & Ellis LLP served as legal advisor and Ernst & Young as financial advisor to AEI. Gibson, Dunn & Crutcher LLP acted as legal advisor and Jefferies LLC as exclusive financial advisor to York.