Greenbriar nears $1.8bn deal to acquire Spectrum Control from AEA Investors
Greenbriar Equity Group is nearing an agreement to acquire Spectrum Control from fellow private equity firm AEA Investors in a transaction that could value the aerospace and defence components maker at more than $1.8bn, according to a report by Bloomberg.
Greenbriar Equity Group is close to finalizing a deal to acquire Spectrum Control from private equity firm AEA Investors, potentially valuing the aerospace and defense components company at over $1.8 billion, according to Bloomberg. Sources familiar with the situation suggest a deal announcement could occur this week, though negotiations are still ongoing and may face disruptions.
Other potential bidders may emerge, or AEA could opt to keep Spectrum Control, sources indicate. Greenbriar appears to have outpaced several industrial firms vying for the company, which specializes in radio frequency and microwave components for aerospace, defense, and other sectors. Both Greenbriar and AEA have declined to provide statements, while Spectrum Control has not responded to inquiries.
This acquisition marks a significant private equity transaction in the aerospace and defense industry, following recent large-scale deals in the sector, such as GE Aerospace's $12 billion purchase of Consolidated Precision Products earlier this month.
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