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Private Equity Firm Admiralty Partners Acquires GE Aerospace Unit

Rich Abott By
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The investment firm Admiralty Partners on Jan. 3 said it has acquired the Santa Ana, Calif.-based aerospace business unit of General Electric [GE], which provides systems and components for military and commercial aircraft.Terms of the deal were not disclosed.Admiralty Partners has renamed its new portfolio company Integral Aerospace. John Alves, senior vice president and general manager of Integral Aerospace, said in a statement that by joining Admiralty his company will gain access to “resources and flexibility to be responsive to…

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