Matrix Composites, Inc. has been acquired by ITT Inc.
The shareholders of Matrix Composites, Inc. have sold the company to ITT Inc.
Headquartered in Rockledge, Florida, Matrix Composites is a specialty aerospace component manufacturer located on the Florida Space Coast with over two decades of experience specializing in the manufacture of precision composite components for next generation, high-growth aircraft and aircraft engine platforms.
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, New York, with employees in more than 35 countries and sales in approximately 125 countries. The company generated 2018 revenues of US$2.75 billion.
Oaklins' aerospace & defense specialist team in California acted as lead advisor in this transaction. The team in Jacksonville provided support.
Paul Oppenheim
COO, Matrix Composites, Inc.
Talk to the deal team
Stephen Perry
Oaklins Janes Capital
Chris William Reinecke
Oaklins Janes Capital
Related deals
McStarlite Co. has been acquired by Standex International Corporation
McStarlite Co. has been sold to Standex International Corporation for approximately US$56.5 million in cash. The company will be integrated into Standex’s Engineering Technologies Group business segment.
Learn moreA majority share in WELP Group has been sold to IMC Individual Mobility Capital GmbH
The former private majority shareholder and long-time managing director of WELP Holding GmbH, Nina Welp, has sold the majority of her shares to IMC Individual Mobility Capital GmbH.
Learn moreAirplane Group has successfully completed a generational transition through a majority LBO backed by Ciclad
The Airplane Group, a major player in the painting and maintenance of regional and single-aisle aircraft, is reorganizing its capital structure as the founder transitions leadership to the second generation. The transaction took the form of an LBO in which the investment fund Ciclad acquired a majority stake, with BNP Paribas Développement also participating. This move aims to strengthen the group’s financial foundation and support its development plan.
Learn more