Greenbriar Equity Group LP has acquired Applied Aerospace Structures Corp., a provider of design, fabrication and testing services for complex composite and metal-bonded structural assemblies.
AASC delivers its products to mission-critical space, aerospace and defense programs for both commercial and government customers. Greenbriar’s investment will support the senior management team in executing growth and expansion plans through both organic initiatives and acquisition opportunities.
“AASC is a truly exceptional business with a long and successful track record supporting industry-leading customers in its space and defense programs,” says Noah Blitzer, director at Greenbriar. “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.”
Jefferies Group LLC served as the financial advisor and Kirkland & Ellis LLP served as legal counsel to Greenbriar. Houlihan Lokey Inc. served as financial advisor and Baker, Donelson, Bearman, Caldwell & Berkowitz P.C. served as legal counsel to the Company.