Houlihan Lokey Advises Integral Aerospace

Houlihan Lokey is pleased to announce that Integral Aerospace, LLC, an affiliate of Admiralty Partners, Inc., has been acquired by PCX Aerosystems, a portfolio company of Greenbriar Equity Group, LP. The transaction closed on July 28, 2021.

Integral Aerospace is a leader in metallic and composite solutions for mission-critical military, commercial aerospace, and space launch applications. The company specializes in the precision manufacture of critical large-scale assemblies and components, including landing gear and actuation assemblies, external fuel tanks, and composite structural components and assemblies. Integral supplies complex components for critical defense and commercial aerospace platforms, including the F-18, CH-53, CFM56-5, CF34-8, and all H-60 variants.

PCX Aerosystems is a leading supplier of highly engineered, precision, flight-critical components and assemblies primarily for military rotorcraft platforms as well as selected commercial rotorcraft and fixed-wing aircraft. The company’s industry customers include Boeing, Lockheed Martin’s Sikorsky subsidiary, General Electric Aircraft Engines, and Textron’s Bell subsidiary.

Admiralty Partners is a family office that invests exclusively within the global aerospace, defense, and federal information technology industries. The firm invests only its own capital, which permits it to adhere to a unique model. It provides portfolio companies more flexibility through the use of significantly less leverage and without imposing fees while providing superior strategic guidance based upon its decades of industry-sector-focused expertise.

Founded in 1999, Greenbriar is a private equity firm with over $6 billion of committed capital focused on investing in market-leading manufacturing and services businesses in partnership with proven management teams. Greenbriar looks to identify companies capitalizing on strong long-term growth prospects that can benefit from Greenbriar’s industry knowledge, operating capabilities, network of senior executive relationships, strategic insight, and access to capital. Sectors of particular focus include aerospace and defense, industrial and business services, transportation and logistics, and specialty manufacturing.

Houlihan Lokey’s Aerospace, Defense & Government (ADG) practice within the global Industrials Group is a leading M&A advisor to aerospace, defense, and government services companies. Since 2020, the team has closed more than 35 transactions worth nearly $8 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey’s ADG practice is among the largest dedicated industry banking groups worldwide. In 2020, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrial transactions, according to Refinitiv.