Madison Dearborn Partners and CoVant Management completed the acquisition of AEVEX Aerospace from Trive Capital.

Madison Dearborn Partners, an American private equity firm, and CoVant Management, a defense and space company, completed the acquisition of AEVEX Aerospace, a provider of full-spectrum, mission-critical airborne intelligence, surveillance, and reconnaissance technology solutions to US Department of Defense, Special Operations, and Intelligence Community customers worldwide, from Trive Capital, a private equity firm. Financial terms were not disclosed. “They are the right partners to help us deepen and expand our AISR solutions and are fully aligned with our commitment to empowering people to make the world a safer place. Our new partnership with MDP and CoVant will enable us to accelerate our investment in innovation, attract and retain the very best talent, and provide our customers with the decision advantage they need in dynamic mission environments,” Brian Raduenz, AEVEX CEO.