The Aerospace Executive Podcast

← The Aerospace Executive Podcast8 oct · 59 min

Aerospace M&A is the Wild West: Latest M&A News w/ Meghan Welch & Hubert de la Vauvre

Aerospace M&A is the Wild West: Latest M&A News w/ Meghan Welch & Hubert de la Vauvre8 oct59 min

The GE Aerospace acquisition of CPP is in the news. But it’s not just defense tech that’s commanding massive multiples.

Meghan Welch returns with her colleague, Hubert de la Vauvre, to share the latest on M&A in aerospace, defense and beyond. Their experience leading Brown Gibbons Lang & Company (BGL) has them working with clients on both buy and sell side.

They’re seeing  more companies related to missile systems, munitions, maritime or key programs commanding EBITDA multiple off of an earnings base a full year forward. Even instances of PE paying entirely in equity and then financing after the fact so they're not subject to financing contingencies.

Meghan calls what she’s seeing, “A bit of the wild, wild west…it's crazy.”

What You’ll Discover In This Episode

Why GE Aerospace paid 26x forward earnings for CPP

The overlooked capability every strategic buyer wants right now

How long-term agreements went from Holy Grail to handcuffs

What Chromalloy reveals about the fight for manufacturing capacity

Two high-growth markets in data centers…& which is a safer bet

Converging trends that can help US manufacturers catch up

Much, much more