Altos and Afterburner Launch Aviation Supply Chain Platform
Summary
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 AAerosources 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. 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.