Greenbriar Equity Group announces acquisition of Applied Aerospace Structures Corporation

Greenbriar Equity Group, L.P., announced that funds managed by Greenbriar completed an acquisition of Applied Aerospace Structures Corporation, a leading provider of design, fabrication, and testing solutions for complex composite and metal bonded structural assemblies. Financial terms of the private transaction were not disclosed.

Founded in 1954, AASC is the leading provider of complex composite and metal-bonded structures for mission-critical space, aerospace, and defense programs for both commercial and government customers.

"We are thrilled to have selected Greenbriar as our partner for this exciting next chapter," said Kevin Bidlack, CEO of AASC. "We share a collective vision of accelerating AASC's growth and enhancing our capabilities. Greenbriar's extensive experience, knowledge, and resources in our sectors will greatly benefit us during this next phase."

The new investment by Greenbriar will support the senior management team in executing on AASC's growth and expansion plans, which include both organic and selective acquisition opportunities to enhance the Company's solutions to its customers.

"AASC is a truly exceptional business with a long and successful track record supporting industry leading customers in its space and defense programs. We have been impressed by AASC's customer-centric approach to providing mission-critical, complex components for demanding environments," said Noah Blitzer, Director at Greenbriar. "We are excited by the Company's capabilities and growth and are looking forward to partnering with the AASC team to continue their phenomenal trajectory."

Jefferies Group LLC served as the financial advisor and Kirkland & Ellis LLP served as legal counsel to Greenbriar. Houlihan Lokey, Inc. served as financial advisor and Baker, Donelson, Bearman, Caldwell & Berkowitz P.C. served as legal counsel to the Company.