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New Deal


Announced

Completed

Gallant Capital-backed CMI completed the acquisition of Systems 3 from J.H. Whitney-backed Stevens Manufacturing Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

flight critical components

Domestic

United States

Friendly

Aerospace

Completed

Private

Majority

Acquisition

Private Equity

Synopsis

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Gallant Capital-backed CMI, a manufacturer of critical components, completed the acquisition of Systems 3, a manufacturer and supplier of flight critical components to the aerospace and defense industries, from J.H. Whitney-backed Stevens Manufacturing Company, a manufacturer in Milford, Connecticut. Financial terms were not disclosed. "Systems 3 is a natural strategic fit with CMI. The combination significantly enhances CMI’s scale, technical capabilities and customer relationships, and Systems 3’s customers will benefit from CMI’s industry-leading vertically integrated and automated manufacturing capabilities," Mark McFeely, CMI CEO.

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