WT Business Beat

By Nick Wakeman

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Nick Wakeman

MAG Aerospace keeps on with the dealmaking

MAG Aerospace's dealmaking continues as the company is making its fourth acquisition in the last 20 months with the backing of its private equity owner New Mountain Capital.

The latest deal is for AASKI Technology, a firm with advanced engineering capabilities and primarily around C5ISR solutions. AASKI has about 400 employees and customers in the U.S. government, allied countries and the commercial sector.

Terms of the deal were not disclosed. MAG Aerospace expects it to close in the second quarter of this year.

AASKI provides professional services for planning, designing, implementing, securing, and managing highly complex, mission-critical networks and systems.

The transaction is bringing some new contract vehicles to MAG as well. These include the Defense Information Systems Agency's $7.5 billion SETI contract, which only has 14 primes on it. DISA uses that vehicle to acquire complex IT engineering and development requirements.

AASKI also is one of three companies with a spot on the Army’s $900 million Technical Services and Field Support contract for unmanned aircraft and related services.

Baird served as exclusive financial adviser to AASKI and legal counsel was provided by Holland & Knight LLP. Legal counsel to MAG was provided by Ropes & Gray LLP and Cooley LLP.

This is MAG’s fourth deal since it acquired North American Surveillance Systems in June 2018, shortly after it was acquired by New Mountain Capital. MAG's acquisition of Ausley Associates followed, then in 2019 came the purchase of Australia-based Encore Aviation and Encore Helicopter Maintenance.

Posted by Nick Wakeman on Mar 16, 2020 at 9:39 AM

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