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
3P Processing Acquired by Littlejohn Capital
LONG BEACH, CA April 2, 2025 /KAL Capital/ -- Our client 3P Processing, a portfolio company of Spell Capital, has been acquired by Littlejohn Capital. 3P Processing is a provider of metal processing...
Metal Technology, Inc. (“MTI”), Leading Supplier of Refractory Alloy Systems, Acquired by Karman Space & Defense
KAL Capital Markets Represents 16th Tight-Tolerance, High-Precision Manufacturing Business in the Aerospace and Defense Market. Long Beach, Calif.-April 4th, 2025-(KAL CAPITAL)--Karman Holdings...
KAL Capital Advises Spira Manufacturing
Spira Press Release Long Beach, CA, January 16, 2025 - Spira Manufacturing Corporation was acquired by Integrated Polymer Solutions (IPS), a portfolio company of Arcline...
KAL Capital Advises ACT Aerospace Transaction
NEW YORK, Feb. 3, 2025 /KAL Capital/ -- The Thermal Group ("TTG" or the "Company"), a leading designer and manufacturer of mission-critical and highly engineered components for the...
KAL Capital Advises Fox Valley Metal Tech’s Acquisition by ArmorWorks
KAL Capital Advises Fox Valley Metal Tech's Acquisition by ArmorWorks LONG BEACH,CA , March 14, 2024 /KAL Capital/ -- ArmorWorks Enterprises, LLC ("ArmorWorks"), a portfolio company of Littlejohn...
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...
2024 EOY Newsletter
Download Full Report Here Dear Friends, Happy New Year! For KAL Capital, we reflect back on 2024 and will remember it (mostly) fondly. Forthe firm, we continued to grow from both a transaction activity and personnelperspective. For the year we completed eight M&A...
Q3 2024 Quarterly Report
Download Report Here Dear Friends, We hope you’re doing well as we enter the final quarter of 2024. The Aerospace & Defense industry has experienced several significant developments over the past few months, and we’re excited to share some key highlights. The...
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...
How U.S. Defense Spending Is Changing Under DOGE Reforms
How U.S. Defense Spending Is Changing Under DOGE Reforms U.S. defense spending is undergoing a major transformation under the Department of Government Efficiency (DOGE). Launched in early 2025, DOGE aims to cut federal expenditures while improving military efficiency....
Aerospace and Defense IPOs: Sector Growth & Success | KAL Capital
The Rise of Aerospace and Defense IPOs: A Sign of Sector Growth The aerospace and defense (A&D) sector witnessed a remarkable surge in IPO activity, signaling a strong recovery and growing investor confidence. Notably, StandardAero, Loar Holdings, and Karman led...
The Effect of an Upcoming Trump Administration on M&A
Download full PDF here In the fast-evolving world of Aerospace & Defense Investment Banking, shifting U.S. policies play a crucial role in shaping the M&A landscape. With the potential return of a Trump administration, the A&D sector could see sweeping...
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,...
International Microwave Symposium
The KAL Capital team will be attending IMS 2025 in San Francisco. We'd love the opportunity to meet with you at the show and walk through our perspective on the market.Link to the Event
International Paris Air Show
The KAL Capital team will be attending PAS 2025 in Le Bourget. We will be launching several deals, let us know if you are interested in a quick meeting on the show floorLink to the Event