
The private equity firm AE Industrial Partners (AEI) on Tuesday said its portfolio company American Pacific Corp., which produces specialty chemicals for the aerospace, defense and other markets, has made a minority investment in Frontier Aerospace, which specializes in space propulsion systems. Terms of the deal were not disclosed. “With our investment in Frontier, we now have a strategic partner in next-generation, in-space liquid propulsion technology,” Hal Murdock, American Pacific’s CEO, said in a statement. Jim McKinnon, founder and president…