Houlihan Lokey Advises Primus Aerospace

Houlihan Lokey is pleased to announce that Primus Aerospace has been acquired by an affiliate of Angeles Equity Partners, LLC. The transaction closed on June 4, 2021.

Founded in 1998, Primus Aerospace is a manufacturer of complex precision components and integrated assemblies for the aerospace, defense, and space sectors. Primus Aerospace offers focused value-added services, including engineering design support, component manufacturing, assembly and integration, and complete build-to-print program management. The company’s proficiency with exotic and hard metals has enabled it to manufacture high-complexity, tight-tolerance parts and subassemblies for Boeing, General Dynamics, L3Harris, Lockheed Martin, Northrop Grumman, Raytheon, and other leading OEMs. Primus Aerospace supports programs of the highest priority for national security, including hypersonics, heavy space launch, low Earth orbit satellite communications, and other high-priority defense programs.

Angeles Equity Partners, LLC, is a private equity firm that specifically targets industrial businesses that can directly benefit from the firm’s strategic, operational, and M&A capabilities.

Houlihan Lokey served as the exclusive financial advisor to Primus Aerospace. 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 the beginning of 2020, the team has closed more than 25 transactions worth nearly $5.6 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.