Specialize in M&A, Due Diligence, Strategy

Industry Coverage With operating and financial backgrounds in the industry, the Glidepath team understands the complexities of the regulatory, budgetary, and competitive dynamics influencing companies operating in the Aerospace & Defense industry. We have the knowledge and insight into how these dynamics impact the value creation alternatives available to small and middle-market companies in the sector. Our Aerospace & Defense industry coverage experience is extensive –

Aerospace

Aerostructures

Cables & Connectors

Components & Subsystems

Composites

Controls & Systems

Distribution and Logistics Support

Electronics and Subsystems

Engines and Engine Systems

FBO and Charter Services

Fractional Operators

Machined and Cast Parts

Maintenance, Repair and Overhaul

Defense

C4ISR

Defense Electronics

Electronic Warfare

Logistics Support

MRO Support

Satellite Services & Technology

Security Services

Tactical and Protection Equipment

Training and Simulation

Unmanned Aerial Systems

Weapons Systems & Ordnance

Merchant Banking Glidepath Capital Partners’ merchant banking activities are focused on the origination of proprietary equity transactions by combining the extensive c-suite level expertise of our operating executives with the transaction skill set of seasoned investment banking professionals. We generally target companies operating in the Aviation, Aerospace and Defense sectors that are based primarily in North America and are generating $50 – 300 million in revenue. Transactions we are interested in generally don’t fit the model of traditional private equity – complex situations such as shifting core/non-core focus by parent organizations, organizational conflicts of interest, balance sheet issues, and time consuming operational challenges are all welcome. These transactions generally include corporate divestitures & carve-outs as well as private company ownership & generational transitions.

Transaction Support & Diligence The Glidepath team supports companies and institutional investors that have a need for sophisticated due diligence of companies of interest in the Aerospace & Defense industry. Our team is made up of experienced former senior executives from major Aerospace & Defense firms as well as experienced Wall Street professionals. Therefore, we have the ability to provide an operational as well as a financial viewpoint. The scope of our transaction support services include –

Review of relevant macro trends – political, military, economic

Analysis of government budgets for opportunities and challenges

Conduct management interviews and visit/review key facilities

Review and analysis of key programs, contracts and customers

Analysis of the competitive landscape

Fairness Opinions and company valuations

Capital Acquisition The Glidepath team has substantial experience in assisting clients in raising the capital necessary for growth, acquisition, and recapitalization. Types of capital transactions we advise on include –

Senior Debt

Mezzanine Debt

Private Equity

Strategic Advisory The Glidepath team provides strategic advice to Aerospace & Defense companies facing the many challenges presented by the industry on a daily basis as well as the internal corporate governance issues faced by ownership. Some ways in which we help include –

Analysis of strategic positioning

Acquisition of product licenses

Establishment of joint ventures

Analysis of defense contract offset obligations

Debt restructuring

Analysis of corporate governance structures

Mergers & Acquisitions Advisory The Glidepath team provides strategic advice across the full spectrum of transactions –

Exclusive sell-side mandates including one-on-one sales and full auction processes

Buy-side mandates

Review of strategic alternatives

Fairness Opinions and company valuations Our approach to Merger & Acquisition assignments begins with an upfront process heavily focused on research and thorough preparation in order to maximize the chances for a successful outcome. In both buy and sell-side mandates, our team has extensive experience assisting buyers and sellers with pre-deal planning, valuation development, identification of appropriate targets, materials preparation, company positioning and “message” creation, process management, due diligence support and transaction negotiation.