AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets, announced today that it has acquired UAV Factory, a global leader in the tactical Unmanned Aerial Vehicle (UAV) and Intelligence, Surveillance, Reconnaissance (ISR) technology markets. UAV Factory will be a new standalone unmanned technology platform for AEI, as the firm looks to further invest in this fast-growing market. Terms of the transaction were not disclosed.
“UAV Factory’s engineering and technical capabilities, combined with its proven and growing set of technology solutions, are truly differentiated in the market,” said Jeffrey Hart, Principal at AEI. “We are excited to partner with the talented UAV Factory team and are confident that our collective strategic vision for an unmanned technology platform will yield powerful results in this fast-growing market.”
“The UAV market is growing exponentially, and with the financial and operational support of AEI, UAV Factory is poised for increased growth and market share,” said Konstantin Popiks, Co-Founder of UAV Factory, who will remain with the Company in a senior leadership role. “By working closely with the AEI team, we plan to expand our technologies to provide our customers with the best-in-class, end-to-end solutions they need to make critical decisions.”
“UAV Factory is at the forefront of the burgeoning global UAV market,” said Kirk Konert, Partner at AEI. “Its first mover advantage and unique vertical integration of its proprietary technology solutions well-positions the Company to expand its share of this high growth market.”
Kirkland & Ellis served as legal advisor and PricewaterhouseCoopers served as financial advisor to AEI. Blank Rome and Walless served as the legal advisor and Houlihan Lokey was the financial advisor to UAV Factory.