AE Industrial Partners Acquires Adcole Maryland Aerospace
AE Industrial Partners, a private equity firm specializing in aerospace and defense, has acquired smallsat manufacturer Adcole Maryland Aerospace (AMA) from Adcole Corporation, a portfolio company of Artemis Capital Partners. Terms of the transaction were not disclosed.
AEI Partner Kirk Konert said that AMA is the company’s first space technology platform, and acquisition will serve the growing demand from the U.S. government and commercial market for space and small satellite vehicles. “We have been impressed by AMA’s tenure, reputation, and respected flight heritage in the space industry, and we are excited to partner with a truly premier supplier of mission critical technologies,” Konert said.
“AMA has remained at the forefront of a constantly evolving industry because we are continually investing in state-of-the-art equipment and processes, while drawing on our deep heritage and industry expertise,” said Don Wesson Jr., general manager of AMA’s Components Division. “We are excited to build upon our successful heritage and team with a dedicated specialist investor like AEI who will partner with us through our next chapter of growth.”