News & Updates
We welcome you to review our recent deal announcements as well as our quarterly and annual reports for updates on the latest trends within M&A.
Our team focuses on industry trends and notable market activity, and encourages you to share what you find insightful.
Deal Announcements
Quarterly & Annual Reports
A&D News
Tradeshows
KAL Capital Announces 50th Transaction!
We are pleased to announce that KAL Capital has closed it's 50th transaction since its inception in 2017!VIAN Enterprises, an industry leader in the design and manufacture of lubrication pumps and...
KAL Capital Advises VIAN Enterprises
Crane Company (“Crane,” NYSE: CR) today announced that it has acquired Vian Enterprises, Inc. (“Vian”) for approximately $103 million on a cash free and debt free basis. Founded in 1968, Vian is a...
KAL Capital Advises Unitech Composites Transaction
LOS ANGELES, November 7, 2023 – Charger Investment Partners, a renowned private equity firm specializing in investments within the industrial, services and consumer industries, recently...
Stack Metallurgical & Lake City HT Sign Agreement with Bodycote
Bodycote, the world’s leading provider of heat treatment and specialist thermal processing services, announces a number of strategic steps to enhance and drive further growth in its Specialist...
Cyclone Mfg. Signed Agreement to be Acquired by German Firm, Mubea
We at KAL Capital are thrilled to have represented the Sochaj family in the sale of Cyclone Manufacturing to Mubea. We have known the Sochaj family for over a decade and have witnessed them...
Hypergiant Acquired by Trive Capital
Trive Capital, a Dallas-based private equity firm, announces the acquisition of AI defense platform and solutions company Hypergiant Industries, to complement its current portfolio company Forward...
KAL Capital Advises International Water-Guard
SURREY, British Columbia, June 13, 2023 – Arcline Investment Management (“Arcline”), today announced that it has acquired International Water-Guard (“IWG” or the “Company”), expanding Arcline’s...
KAL Advises Fregata Systems Transaction
FR Capital has acquired Fregata Systems, LLC, a Saint Louis, Missouri-based provider of innovative C5ISR technologies solving vital needs of the defense and intelligence communities. Fregata's...
KAL Capital Advises Kittyhawk, Inc.’s Acquisition by Trive Capital
Trive Capital ("Trive"), the Dallas-based private equity firm, is excited to announce its recent investment into Kittyhawk, Inc. ("Kittyhawk" or the "Company"), a leading provider of Hot Isostatic...
KAL Capital Advises Airport Terminal Services, A Ground Handling Leader
KAL Capital is excited to announce its role as M&A advisor to Airport Terminal Services (ATS) in its acquisition by Alliance Ground International (AGI), a portfolio company of Greenbriar and...
KAL Capital Acts as Sole Sell-Side Advisor to Stroco Manufacturing
Novaria Group, a leading manufacturer of specialty hardware for the aerospace and defense industries, announced today it has signed an agreement to acquire Stroco Manufacturing, Inc. Upon closing,...
KAL Capital Advises Hitemco Acquisition by Lincotek
Global contract manufacturer Lincotek is announcing today that it has closed the acquisition of Hitemco, emphasizing the strong focus of Lincotek on the US market. The scope of the transaction is a...
Q4 2023 Quarterly Report
Download Report Here Dear Friends, As we enter a new year, we have spent the last several weeks reflecting on 2023both from a KAL Capital and market perspective. For KAL, the year was filled with a few notable milestones. Amazingly, we closed our50th transaction which...
KAL Capital Q3 Newsletter
Click here for the Newsletter Dear Friends, We had an extremely busy quarter at KAL Capital both in terms of transaction activity as well as changes at the firm. On the transaction front, we were pleased to announce three transactions:Hypergiant a provider of...
KAL Capital FY23 Q2 Newsletter
KAL Capital FY23 Q2 Newsletter Dear Friends, Happy 4th of July! We are encouraged by recent developments in both the A&D industry as well as the broader M&A market. For aerospace, we spent several days busily catching-up in-person with financial sponsors and...
KAL Capital Q1 2023 Newsletter
Click here to view the full newsletter. Dear Friends, We are pleased to have turned the corner on what was a difficult winter both in terms of the rainy Southern California weather as well as the environment for M&A. Entering Spring, we have seen the environment...
FY2022 Newsletter
Click Here to View Newsletter Dear Friends, For many, 2022 represented a year of challenges as inflation and rising interest rates caused significant disruption that was reflected in declining public equity valuations, choppy credit markets and ultimately reduced...
KAL Capital Q3 2022 Newsletter
View Newsletter Here Dear Friends, We hope that everyone enjoyed a great Thanksgiving with their families. Apologies for the delay with our Quarterly Industry Review, but we have been quite busy with both closed transactions as well as gearing up for several new...
KAL Capital Q2 2022 Newsletter
Download PDF Here Dear Friends, We hope that everyone is enjoying a great start to their summer! During the second quarter, we witnessed financial markets realize that the inflationarypressures (both labor and raw material) could no longer be dismissed as transitory...
KAL Capital 2022 Q1 Newsletter
Click Here to Download Report Dear Colleagues – The end of Q1 is here and we couldn’t be more excited about the rest of the year, we hope you all share a similar sentiment. We couldn’t ask for a better start to our year with several new team members and record setting...
KAL Capital Q4 2021 A&D Review
Click Here to See the PDF Dear Friends, Happy New Year! We hope everyone had a great holiday with their friends and family. For KAL, we were fortunate to celebrate the five-year anniversary of the firm with a tremendous 2021. The year marked several important...
KAL Capital Q3 2021 A&D Review
Click Here to See the PDF Dear Friends, Unreal. That is simply the only way to describe the M&A market at this point. Just whenwe thought there could not be more activity and valuations could not be stretched anyhigher, we continue to see non-stop new transaction...
KAL Capital Q2 2021 Newsletter
Click Here to see the PDF Dear Friends, Hope everyone’s summer is off to a great start with some rest and recovery in your near-term future. For us at KAL, our summer vacations (thankfully, no complaints here!) have been deferred to next-year as the M&A...
Sector Update – Space Domain Awareness
Market motions, trends, M&A and VC deal flow in and around Space Domain Awareness (SDA)Click here for the report.
Payload Space Investor Summit
KAL is proud to be a sponsor of the 1st annual Payload Space Investor Summit. The event will be on Wednesday, November 8 in Venice, Los Angeles. More details on the event can be found here. Please reach out to a KAL team member if you'd like to schedule time to meet...
Sector Update – Space Technology
Market motions, trends, M&A and VC deal flow in the space technology sector. Please see the report here.
Sector Update – Uncrewed Systems & Autonomy
Market motions, trends, M&A and VC deal flow in uncrewed systems & autonomy sectors. Please find the report here.
Hypergiant Acquired by Trive Capital
Trive Capital, a Dallas-based private equity firm, announces the acquisition of AI defense platform and solutions company Hypergiant Industries, to complement its current portfolio company Forward Slope. The acquisition is a natural partnership for the two...
KAL Capital – Defense Innovation Ecosystem Overview
Defense Innovation Ecosystem Report (PDF) Dear Friends, We are pleased to share with you our team's analysis of active trends shaping the defense innovation ecosystem. The US National Defense Strategy calls for a “broad and deep change in how we produce and...
2023 Aerospace and Defense M&A Outlook
As inflation continues to reduce the value of each dollar and fears of a recession loom, many sectors are already seeing retractions in the mergers and acquisitions marker. In aerospace and defense M&A, things are more complicated. A&D is its own unique world,...
2023 Aerospace and Defense M&A Outlook
As inflation continues to reduce the value of each dollar and fears of a recession loom, many sectors are already seeing retractions in the mergers and acquisitions marker. In aerospace and defense M&A, things are more complicated. A&D is its own unique world,...
Strategies for Ensuring Your A&D M&A Deal Successfully Closes
It’s no secret that aerospace and defense have seen significant disruptions in recent years, thanks to political turmoil, shifting administrations, international conflicts, and the ongoing aftershocks of the COVID-19 pandemic. As the industry consolidates, mergers and...
A&D Investment Banking: Questions to Ask Before Hiring an Investment Banker
Aerospace and defense investment banking continues to boom thanks to industry consolidation. But also, increased regulatory oversight and market contractions in anticipation of a recession loom large in the background. This makes hiring the right A&D investment...
5 Considerations for A&D Principals Considering M&A
A&D M&A is a massive undertaking, but there are plenty of opportunities for profit and increased synergies. Whether you’re planning retirement, hoping to grow your business, or planning to jump to your next venture, planning is key to successful mergers and...
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