ATLANTA, Feb. 17, 2022 /PRNewswire-PRWeb/ -- Altos Partners and Afterburner today launched a joint venture to pursue lower middle market buyouts in the aerospace supply chain industry. The new platform, "AAerosource", will acquire controlling interests in profitable, highly engineered aerospace materials, components, systems and subsystems manufacturers generating at least $10 million of revenue. Sellers can expect streamlined due diligence based on AAerosource's experience with value-add operational and commercial expertise plus capital resources necessary to rapidly grow the business. As a standard practice, sponsored company owners are encouraged to roll over significant equity such that they participate in the platform's subsequent liquidity event.
The AAerosource team includes seasoned aerospace industry executives with a unique combination of elite military and commercial pilot experience, aerospace supply chain business leadership, and lower middle market private equity acumen. Accordingly, AAerosource is an optimal partner for owners of companies with $2 - $5 million of EBITDA.
Stated Mr. Murphy, "We have years of first-hand experience dealing with the broad universe of small aerospace manufacturing companies and believe there is a ripe opportunity to combine multiple businesses, introduce best practices, and integrate them into a more powerful, synergistic whole." Added Mr. Franco, "We intend to apply sensible, institutional-grade capital solutions to accelerate growth through both organic means and M&A while, at the same time, preserving these companies' entrepreneurial flexibility and aggressiveness."
About Altos Partners
Altos Partners is a differentiated private equity firm with a unique approach to conducting business. We consider our portfolio companies as true partners, not merely investments. Altos respects the people with whom we work and believes its value-added involvement is only beginning at the closing of a transaction. We remain engaged and empower company leaders to accelerate the true potential of their businesses. Altos' primary focus is on entrepreneur-owned businesses but we remain flexible to explore other opportunities where our knowledge and interests are aligned. We target industrial and commercial service businesses with under $75 million in revenue and select only a handful of new platform opportunities to pursue each year. (http://www.altospartners.com)
About Afterburner
Afterburner Inc. is a nationally acclaimed leadership and development firm founded in 1996, which trains organizations around the world in the simple, scalable improvement processes of Flawless Execution. With a client list that includes over 30% of the U.S. Fortune 500, Afterburner has ranked among Inc. Magazine's "Inc. 500/5000 List of America's Fastest Growing Companies" five times and has been featured in leading publications like the Wall Street Journal, Business Week, Atlanta Business Chronicle, Financial Times, Newsweek, and Meetings and Conventions Magazine. Afterburner has also appeared on CNN, CNBC, Fox News, and Bloomberg News, among others. (http://www.Afterburner.com)
Media Contact
Ryan Franco, Altos Partners, +1 832.871.4387, [email protected]
Jim Murphy, Afterburner, [email protected]
SOURCE Altos Partners
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