NewsPress-releasesNews

Applied Composites acquires Alliance Spacesystems

Applied Composites Holdings, LLC announced that it has acquired Alliance Spacesystems, LLC, a leading, vertically integrated provider of high-performance composite structures and assemblies for the commercial, civil and government satellite market.

This marks the fifth acquisition of the Applied Composites platform created by AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets.    

Alliance offers a full spectrum of composite structure capabilities for the satellite industry, from engineering to manufacturing, integration and final qualification testing. The Company is a premier supplier of high-precision payload structures for satellite buses, antenna reflectors, booms and support structures used for a wide variety of military and commercial applications. Alliance is a qualified supplier for Boeing, Lockheed Martin, Northrop Grumman, and Ball Aerospace, among others. The Company also creates high-strength composite structures for launch vehicles, as well as produces high quality, affordable rigid composite solar array substrates. Alliance provides end-to-end composite manufacturing services through its state-of-the-art facilities in Los Alamitos and San Diego, California.

David Horner, CEO of Applied Composites said:

“We are excited to add Alliance, with its well-respected space heritage and its extensive line of composite products and services, to our growing company. Interest and investment in the space industry is at an all-time high, and we look forward to working closely with the Alliance team as we look for ways to meet this growing demand and better serve our customers.”

Rick Byrens, General Manager of Alliance said:

“This is a highly strategic combination that significantly strengthens our market position and value proposition. Together, we possess a unique set of capabilities and skills that will help us to accelerate our growth and continue to deliver the quality and complexity that our customers demand.”

Kirk Konert, Partner at AEI said:

“When we formed Applied Composites, our goal was to create a one-stop shop for complex composites, offering unparalleled products and services to the aerospace, defense and space industries. With the addition of Alliance, we have taken another step in building a uniquely diverse and vertically integrated composites platform.”

Kirkland & Ellis served as legal advisor and RSM served as financial advisor to Applied Composites. Blank Rome was the legal advisor and KippsDeSanto & Co. was the financial advisor to Alliance.

About Alliance:
Headquartered in Los Alamitos, California, Alliance is a leading manufacturer and designer of high-performance composite structures for the space industry.  The Company derives its heritage from decades of producing demonstrated flight hardware, and experience in fabrication, assembly, and test of satellite structures. Alliance provides its end-to-end composite manufacturing services through its state-of-the-art facilities in Los Alamitos and San Diego.

About Applied Composites:
Applied Composites is a leading provider of complex composite components, assemblies, engineering, and tooling to the aerospace, defense, and space markets. Applied Composites was formed through AEI’s acquisitions of AC&A, Applied Composites Engineering (“ACE”), Applied Composite Structures (“ACS”), formerly known as EnCore Composite Structures, and San Diego Composites (“SDC”). Operating out of approximately 380,000 square feet across four facilities, Applied Composites is widely recognized as a leading supplier of advanced composite solutions for a diverse set of high growth aerospace, space, and defense applications and platforms.

Companies: alliancespacesystems, Applied Composites

Industries: Aerospace

Terms: Business

Via
This article has been edited by Basalt.Today
Source
This article has been written on JEC Composites Magazine
Back to top button
X