Applied Aerospace & Defense Acquired by Greenbriar Equity Group | Industrials M&A Deal

Greenbriar Equity Group has completed the acquisition of Applied Aerospace & Defense, a industrial services other business in Alabama, for $3.59 billion. Applied Aerospace & Defense manufactures aerospace and defense components including fuselages, flight control surfaces, solid rocket motor cases, and engine shafts for space and defense technology customers. The company’s industrial services other capabilities support government contractor programs and expand production capacity across Alabama. The Greenbriar Equity Group acquisitions platform was formed by combining Applied Aerospace and PCX Aersystems, followed by Applied Aerospace & Defense acquisition of Consolidated Boring, Vestigo Aerospace, and Rainwater Holdings. The private equity acquisition is now targeting a U.S. IPO valuation up to $3.59 billion, with an offering size up to $682.5 million at an $18 to $21 price range, underwritten by Morgan Stanley and Jefferies.