KAL Capital Advises Aero Systems Engineering on the Sale to Calspan Corporation
KAL Capital Markets LLC ("KAL Capital"), an aerospace and defense investment bank, is pleased to announce the sale of its client Aero Systems Engineering Inc. ("ASE"), a portfolio company of Gen Cap America, to Calspan Corporation.
LOS ANGELES, July 29, 2020 /PRNewswire-PRWeb/ -- Headquartered in St.Paul, Minnesota, ASE is the leading global provider of mission-critical testing and engineering services to aircraft engine and airframe OEMs, operators, maintenance, repair, and overhaul providers, in both commercial and government end markets. ASE serves their customers by offering independent testing services at its aerodynamic laboratory; design and build of aerodynamic wind tunnel facilities and equipment across all speed regimes including hypersonic; and design / build of jet engine test facilities and equipment.
KAL Capital partner and co-founder, Ryan Murphy, said, "We're so appreciative of the trust Gen Cap America put into the KAL Capital team to advise on such a marquee company in their portfolio. Even though the market developed some turbulence due to Covid, our collective effort produced a highly successful exit for a key private equity client."
Trevor Bohn, partner and co-founder of KAL Capital, also added, "David Meier, President & CEO of ASE and his leadership team grew ASE into a dominant global leader while partnered with Gen Cap America. Now in partnership with Calspan the team will undoubtedly double the business again."
ABOUT KAL Capital:
KAL Capital Markets is a boutique aerospace investment banking company that advises middle-market clients on mergers, acquisitions, and accessing the capital markets. The firm's professionals have an exceptional track record, rooted in deep relationships and experience in several industry verticals, with a focus on companies in the Aerospace, Defense and Industrial Growth sectors. For additional information, please visit KAL Capital's website at http://www.kalcapitalmarkets.com.
SOURCE KAL Capital Markets LLC
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