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Business/Financial

Airborne ISR Company AEVEX Sold To Private Investors Madison Dearborn, CoVant

By Cal Biesecker

Monday, March 9th, 2020

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Airborne ISR Company AEVEX Sold To Private Investors Madison Dearborn, CoVant

Image: AEVEX Aerospace

The private equity firm Madison Dearborn Partners (MDP) and strategic advisory firm CoVant Management on Monday said they have acquired a majority stake in AEVEX Aerospace, a provider of airborne intelligence, surveillance, and reconnaissance (ISR) technology solutions to the Defense Department and intelligence community. Terms of the deal, which is expected to close this month, were not disclosed. AEVEX is owned by the private equity firm Trive Capital. MDP and CoVant said that the founders and management team of AEVEX…

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