AE Industrial Partners, LP (“AEI”), a US-based personal fairness agency specializing in aerospace, protection & authorities companies, house, energy era, and specialty industrial markets, introduced right this moment that it has expanded its Unmanned and Autonomous platform by way of the acquisition of Jennings Aeronautics, Inc. (“JAI”), a number one supplier of modern Small Unmanned Aerial Systems (“SUAS”). JAI will probably be mixed with UAV Factory, a worldwide chief in tactical Unmanned Aerial Vehicle (“UAV”) and Intelligence, Surveillance and Reconnaissance (“ISR”) know-how, which was acquired by AEI in January of 2021.
As a part of the transaction, JAI CEO John Purvis will assume the position of CEO of the mixed firm, whereas JAI Founder Gordon Jennings will stay with the mixed firm in a senior management position. Terms of the transaction weren’t disclosed.
Based in San Luis Obispo, CA, JAI’s programs have a robust operational monitor report supporting buyer necessities throughout a wide range of difficult international environments. JAI’s skilled crew of engineers and technicians have in depth experience within the manufacturing of modern SUAS that merge the payload capability and endurance of bigger programs with the flexibleness of a extra moveable car. Built to incorporate a real subsequent era electrical vertical take-off functionality and a ruggedized stable oxide gasoline cell, JAI’s SUAS have best-in-class endurance and permit for the assist and efficiency of a various set of buyer missions in difficult environments with minimal necessities on the bottom. JAI is a really differentiated supplier of small unmanned programs, with unmatched expertise in autonomous flight management software program, avionics, GCS software program, system integration, design engineering, imaging payloads, and airframe fabrication.
“Joining the UAV Factory crew and the AEI household at this thrilling time within the trade’s improvement is a game-changer for JAI and I’m honored to take the helm of the mixed firm throughout this pivotal second,” mentioned John Purvis. “We will now have extra capital, operational experience and a world footprint permitting us to develop our enterprise and assist our prospects higher than we may alone. I sit up for working with the crew as we proceed to construct a really disruptive and differentiated participant within the unmanned and autonomous market.”
JAI marks the primary acquisition into the UAV Factory platform since AEI acquired UAV Factory in January 2021.
“JAI prides itself on unparalleled buyer assist. For over three a long time, we have now targeted on advancing SUAS know-how, and the mixture of our complementary programs and merchandise will probably be a major benefit for our prospects in search of a broader spectrum of product choices,” mentioned Gordon Jennings. “We’ll additionally vastly profit from AE Industrial’s imaginative and prescient, experience and relationships as we transfer ahead.”
“AEI is dedicated to constructing a novel and differentiated platform with proprietary know-how within the unmanned and autonomous market, and with the addition of JAI and its modern SUAS choices, we have now taken an enormous step ahead in reaching this aim,” mentioned Jeffrey Hart, Principal at AEI. “JAI additionally affords us large manufacturing and engineering capabilities and a footprint that may permit us to rapidly scale and meet the rising calls for of our prospects”
“It is uncommon on this quickly creating trade to discover a firm with the deep technical expertise and fame for high quality that JAI possesses. Their heritage will probably be a essential benefit as we develop the mixed firm,” mentioned Kirk Konert, Partner at AEI. “We sit up for continued innovation and new product improvement, whereas figuring out new alternatives to develop.”
“The highly effective mixture of JAI and UAV Factory will present large synergies and create an prompt pressure within the tactical UAV market,” mentioned Josh Brungardt, who will assume the position of Chief Operating Officer of the mixed firm. “We’re excited to accomplice with John, Gordon and all the JAI crew to take the mixed firm to the following stage.”
Kirkland & Ellis served as authorized advisor and William Blair and PricewaterhouseCoopers served as monetary advisors to AEI and UAV Factory. Orrick was authorized advisor to JAI.