Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

AE Industrial Partners Buys Jennings Aeronautics to Grow Unmanned & Autonomous Platform

AE Industrial Partners has acquired Jennings Aeronautics, a California-based company developing small unmanned aerial systems designed to take off vertically and run using oxide fuel.

AEI said Tuesday it will merge the acquired business with UAV Factory, which the private equity firm purchased in January.

John Purvis, CEO of JAI, will hold a similar role at the combined company while JAI founder Gordon Jennings will serve in a senior leadership position.

JAI, which will be the first business AEI is integrating into its unmanned and autonomous platform, produces flight and ground control software, avionics and imaging payloads.

Kirkland & Ellis acted as legal adviser to AEI and UAV Factory, while William Blair and PwC served as financial advisers on the acquisition deal.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles