MasterClassTM

Capital Roundtable

Sponsors

Association Partners

Data Partners

Partial List of Past Attendees

 

AE Industrial Partners
Ally Corporate Finance
Alton Aviation Consult.
Angelo Gordon
ATL Partners
Aviation Week
BBA Aviation PLC
Blue Wolf Capital
Caldwell Partners
Calera Capital
Canaccord Genuity
Centerfield Capital
CIT Bank NA
Clairvest Group
CohnReznick
CrossLake Group
CSP Associates
Davis Wright Tremaine
Fairmont Consulting
Frontenac
Golden Gate Capital
Greenbriar Equity
Hall Capital
Harris Williams
Houlihan Lokey
J. F. Lehman
Jefferies
Kemco Aerospace
Korn Ferry
Lancor
Lazard Freres
Liberty Hall Capital
Loar Group
LynnCo Supply Chain
Mazars USA
Moelis & Co.
Morgan Stanley
NorthWind Partners
Odyssey Investment
Plante Moran
RBC Capital Markets
Reliance Aeroproducts
Renaissance Strategic Advisors
RFE Investment
Shorehill Capital
TD Bank NA
Thales Group
VAS Aero Services
Veritas Capital
VRC | Valuation Research Corporation
Warburg Pincus

 
How Shifts in Military Spending
And M&A Activity Are Driving
Private Equity Investments

 

Private Equity Investing
In Aerospace & Defense Companies

                     

CHAIRED BY

Michael A. Teplitsky

Managing Director

Wynnchurch Capital LLC


FULL-DAY CONFERENCE

Thursday, September 13, 2018

8:00 am – 5:00 pm

New York City

 

REGISTER NOW

 

 

SPONSORS
Davis Wright Tremaine
Fairmont Consulting Group

Tlingit Haida Tribal Business Corp.

 

 

INSIGHTS FROM 20 EXPERT SPEAKERS!

Anita Antenucci, Houlihan Lokey

Azad Badakhsh, Moelis & Co.

Robert Brenner, American Friends of Israel Navy SEALs

Stephen L. Brooks, J. F. Lehman & Co. Inc.

Stephen J. Edelman, Citi

Edward C. Eppler, Goldman Sachs Group Inc.

Michèle Flournoy, WestExec Advisors LLC

Carlos Garcia, Tlingit Haida Tribal Business Corp.

Brennan H. Grignon, U. S. Department of Defense

Deron Haley, Navy SEAL Foundation

Robert Hinaman, Acorn Growth Companies LLC

Jeffrey P. Kelly, H.I.G. Capital LLC

Aneal Krishnan, Veritas Capital Fund Management LLC

Kailash Krishnaswamy, Spirit AeroSystems

Christopher A. Lawler, Graham Partners Inc.

Matthew D. LeMaster, Davis Wright Tremaine LLP

Paul F. Murphy, Sentinel Capital Partners LLC

Michael J. Richter, Lazard Ltd.

Chris Rogers, Harris Williams & Co.

Julian Setian, SOS International LLC

Jean A. Stack, Baird

David T. Stapleton, U. S. Department of Defense

Bill Weber, KeyW Corp.

Dylan Wolin, AAR Corp.

Jay Wynn, Fairmont Consulting Group LLC

Caroline L. Young, Hammond Kennedy Whitney & Co. Inc.



Faculty | Schedule | Registration | Location | Sponsorship | Audio Package |



Here Are Three Key Reasons
You Should Join Us


  1. Hear how large OEMs and challenges in the supply chain are causing vendors to be cautious about expanding production.

  2. Discover what the increased defense budget means for PE investing, and learn which technologies the U.S. government is actively pursuing.

  3. Find out how investors are leveraging 3D printing and AI to improve operational efficiency.


The news from investors in middle-market aerospace & defense companies is positive -- they’re awash in deal flow, exit valuations are frothy, and capital is available.

 

PE firms are looking to  capitalize on the shift from small-scale counter-terrorism activities, toward large-scale nuclear threats, ballistic missile defense, and cybersecurity.

 

The new federal budget calls for an increase in military defense spending of $160 billion over the next two years – up to $686 billion in 2019, from $639 billion in 2018. PE firms are differentiating their strategies to compete.

 

On the non-defense side of aerospace, the industry is dominated by a relatively small number players. The ongoing backlogs at Boeing and Airbus are driving major changes within the supply chain – rapidly creating winners and losers. 

 

As a result, M&A activity is rapid, global, and complex.  For example, United Technologies purchase of Rockwell Collins last September won approval from European authorities on condition of the “divestiture of middle-market businesses in actuators, pilot controls, ice protection, and oxygen systems.”  Additionally, Boeing announced this July that it wants to grow the revenues of its Global Services division to $50 billion.  Experts expect Boeing to be highly acquisitive to meet this ambitious goal.  

 

PE firms’ portfolio companies are often smaller and more nimble than their defense industry rivals.  As such,  they are able to carve out niche verticals for buy-and-build strategies.  Will private equity be the main catalyst in the modernization necessary to support the latest technology needs of the U.S. military? 

 

Register now for The Capital Roundtable’s full-day conference on “Private Equity Investing in Aerospace & Defense Companies,” being held Thursday, September 13, in New York City.

 

Come hear twenty PE experts highlight the key priorities of the new defense budget, including the need to modernize nuclear forces, build cyber infrastructure, and modernize communications systems.


Here are some of the key points that our 20 expert speakers promise to spotlight -- 

 

 

  • How is Boeing’s “Partnering for Success” program impacting aerospace suppliers, and in turn, opportunities for PE investors?

  • What does foreign investment in American military equipment mean for the future of the defense industry?

  • What is causing caution in the middle-market aerospace supply chain? Why are suppliers upbeat, but cautious about further step-ups in production rates?
     
  • Aerospace is a main focus in Chinese President Xi Jinping’s “Made in China 2025” plan. As China develops its own airplanes, what will the increased competition mean for U.S. aerospace companies?

  • How can PE firms compete against strategic buyers for deals when valuations are high?
     
  • How will evolutionary technology in areas such as 3-D printing, autonomous vehicles, big data, robotics, and blockchain change the landscape for investing in aerospace and defense companies?

  • In this new era of military spending, where are the most lucrative deals and investments for PE firms looking for an edge?

  • What are the most compelling consolidation and divestiture opportunities across aerospace and defense?

  • What are the potential traps or pitfalls for investors in the aerospace and defense industries and how can they be avoided?

  • What do investors need to know when they do their due diligence in the defense and aerospace industry, at a time when multiples and valuations are high?

 

Register Now to Join Chairman Michael Teplitsky

And More Than 20 Other Industry Experts

 

Mike Teplitsky is a managing director at Chicago-based Wynnchurch Capital, a leading middle-market private equity firm.  Wynnchurch was formed in 1999 and partners with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement.

 

Wynnchurch Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. 

 

Mike has been involved in transactions including Northstar Aerospace, Texas Hydraulics, Rosboro, U.S. Pipe, and NSC Minerals,

 

He joined Wynnchurch in 2008. Before that he was with Lime Rock Management, the $8 billion PE firm where he executed deals in the basic materials sector in North America and Europe.  He began his career in investment banking at UBS, where he specialized in mergers, acquisitions, and financing transactions across a variety of industries.

 

He earned MBA and BA degrees at Northwestern University.

 

 

Recent MIddle-Market Aerospace & Defense Deals

 

  • Washington-based PE firm Arlington Capital Partners acquired Cadence Aerospace, an Anaheim-based aerospace and defense company. Cadence supplies components, subassemblies, and assemblies to aircraft, aerostructure, aeroequipment, engine manufacturers, and other commercial aerospace and defense platforms.
     
  • Applied Composites Holdings, a portfolio company of Boca Raton, Fla.-based AE Industrial Partners, acquired aerospace composite maker San Diego Composites. AE Industrial invests in aerospace, power generation, and industrial companies.

  •  Tribus Aerospace, backed by Shorehill Private Equity, acquired Precision Aerospace and Precision Micro Mill. Grand Rapids, Mich.-based Precision Aerospace makes complex parts and assemblies for commercial aerospace and defense applications, while Wayland, Mich.-based Precision Micro Mill is a captive contract manufacturer.

  • Cincinnati, Ohio-based Belcan, a portfolio company of AE Industrial Partners, acquired Indianapolis-based Allegiant International. Allegiant is a professional services network in advisory, tactical operations, and technical services. The company supports automotive, aerospace, defense, medical, and industrial supply chains.
  • IMG Companies, an Addison Capital Partners portfolio company, acquired San Leandro-based Applied Fusion, which provides manufacturing solutions for high and tight tolerance applications within the medical device, aerospace, defense, and semiconductor sectors.
  • Dallas-based Trive Capital acquired the assets of Creston, Iowa-based Wellman Dynamics Corp., an aerospace supplier. The transaction was completed through a Section 363 sale under the U.S. Bankruptcy Code.
  • Berwyn, Penn.-based Triumph Group divested its Triumph Aerospace Structures Long and Large machining and metal finishing operations to Aerospace Systems & Structures and Valence Surface Technologies. Valence is an aerospace product finishing company, also backed by Trive Capital. Triumph designs, engineers, manufactures, repairs, and overhauls aircraft structures, components, accessories, subassemblies, and systems.
  • Behrman Capital, a PE firm based in New York and San Francisco, acquired Corfin Industries, which provides a variety of component preparation services for high-reliability microelectronics in the defense, commercial aerospace, space, and healthcare industries.
  • New York-based PE firm Liberty Hall Capital Partners acquired AeroCision, a supplier of complex engine components and assemblies for the aerospace industry. AeroCision was integrated into Bromford Industries, which supplies complex, close tolerance engine components, fabrications, and assemblies for the aerospace and power generation industries.
  • AE Industrial Partners portfolio company Beclan, which supplies engineering, technical recruiting, and information technology services to the aerospace, defense, industrial, and government service markets, acquired the aerospace and industrial equipment business unit of CDI Corp. CDI’s aerospace assets provide engineering and recruitment services for a broad range of aerospace platforms.

This Capital Roundtable conference is the ideal place to expand your network and open up pathways to future deals. The day’s agenda includes ample time to let you --

  • Meet fellow attendees and featured speakers
  • Enhance your personal database with valuable new connections
  • Share both ideas and business cards
  • Meet potential investment partners and clients

Keep in mind this conference is certain to fill up quickly, so you’ll want to register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Julie Berger today to confirm your attendance at 212-832-7300 ext. 0 or jberger@capitalroundtable.com



 

 Who Should Attend

 

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine, BDC, and Lending Funds, as Well as Independent Sponsors, Operating Partners, Portfolio Company Managers, and the Bankers, Lawyers, Accountants, & Other Advisors Who Support Them.

 

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We look forward to having you join us on Thursday, September 13, 2018.

 

Conference Organizers

 

This conference is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community.  For more information about The Capital Roundtable’s 25 annual conferences and other events and programs, please visit www.capitalroundtable.com.

 

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 Speaking & Business Development Opportunities

 

We offer excellent speaking, marketing, and business development opportunities to reach the middle‑market private equity community. For more details, please contact Kellie Green or Claire Notton at 212-832-7300 or by email at kgreen@capitalroundtable.com or cnotton@capitalroundtable.com.

 

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Have a Question?

 

Please contact Julie Berger at jberger@capitalroundtable.com or 212-832-7300 ext. 0.

 

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Who We Are

 

This Capital Roundtable conference in midtown, New York City, is all-business, all-targeted, all-designed to be a completely focused day of practical information and revealing insights about aerospace and defense companies. You’ll gain valuable insights from --

  • Three informative panel discussions
  • Two revealing keynote presentations
  • Real-world perspectives from aerospace and defense company investors
  • Industry outlooks from noted sector experts
  • War stories and lessons learned from experienced hands

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Faculty

Chaired By

  • Michael Teplitsky, Managing Director, Wynnchurch Capital LLC

 

Hosted By

  • Burt Alimansky, Chairman & CEO, The Capital Roundtable

Speakers

  • Anita Antenucci, Senior Managing Director, Houlihan Lokey
  • Azad Badakhsh, Managing Director, Moelis & Co.
  • Robert Brenner, Senior Development Officer, American Friends of Israel Navy SEALs
  • Stephen L. Brooks, Partner, J. F. Lehman & Co. Inc.
  • Stephen J. Edelman, Managing Director, Citi
  • Edward C. Eppler, Managing Director, Goldman Sachs Group Inc.
  • Michèle Flournoy, Managing Partner, WestExec Advisors LLC
  • Carlos Garcia, President, Tlingit Haida Tribal Business Corp.
  • Brennan H. Grignon, Director, Policy and Industry Outreach,
    U. S. Department of Defense
  • Deron Haley, Board Director, Navy SEAL Foundation
  • Robert Hinaman, Partner, Acorn Growth Companies LLC
  • Jeffrey P. Kelly, Principal, H.I.G. LLC
  • Aneal Krishnan, Principal, Veritas Capital Fund Management LLC
  • Kailash Krishnaswamy, VP--IR, M&A and Strategy, Spirit AeroSystems
  • Christopher A. Lawler, Managing Principal, Graham Partners Inc.
  • Matthew D. LeMaster, Partner, Davis Wright Tremaine LLP
  • Paul F. Murphy, Partner, Sentinel Capital Partners LLC
  • Michael J. Richter, Managing Dir. & Head--Aerospace & Defense I-Banking, Lazard Ltd.
  • Chris Rogers, Managing Director, Harris Williams & Co.
  • Julian Setian, President & CEO, SOS International LLC
  • Jean A. Stack, Managing Dir.--Global Technology & Services, Baird
  • David T. Stapleton, Director of Global Markets & Investments,
    U. S. Department of Defense
  • Bill Weber, President & CEO, KeyW Corp.
  • Dylan Wolin, V.P.--Strategy & Acquisitions, AAR Corp.
  • Jay Wynn, Managing Director, Fairmont Consulting Group LLC
  • Caroline L. Young, Partner, Hammond Kennedy Whitney & Co. Inc.

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Schedule

 


 

07:30-08:30

Networking & Registration & Breakfast

08:30-09:00

Welcoming Remarks & Audience Self-Introductions

09:00-9:30

Chairman’s Keynote --

Investing in Underperforming Aerospace & Defense Companies

  • Michael Teplitsky, Wynnchurch Capital LLC
09:30-10:30

First Panel --

From Aftermarket Components to MRO Services to Space Exploration –

Where is M&A in Aerospace & Defense Heading?

10:30-11:15

Networking & Coffee

11:15-12:00

Morning Conversation -- 

High Global Demand, Robust Aftermarket Strength --

How PE Investors Are Managing Aerospace Supply Chains

 

12:00-01:00

Networking & Luncheon

01:00-01:30

Afternoon Keynote --

  • David Stapleton, Director of Global Markets & Investments, U.S. Dept. of Defense and Brennan H. Grignon, Director of Policy & Industry Outreach, U.S. Dept. of Defense

Interviewed by --

  • Matthew D. LeMaster, Partner, Davis Wright Tremaine

01:30-02:30

Second Panel --

Digital Transformation in Government Services --

How Investors Are Leveraging the New Technologies

 

02:30-02:45

Networking & Dessert

 


02:45-03:30

Afternoon Conversation --

Government Spending, Tariffs, & Regulation --

What They Mean for A&D Portfolio Companies

 

03:30-04:30

Third Panel --

Riding the Waves of OEM Divestitures --

How Private Equity Is Capitalizing on Megadeal Transactions

04:30

Networking & Adjournment


  

 

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Registration

Space at this conference is limited, so register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Julie Berger today to confirm your attendance at 212-832-7300 ext. 0 or jberger@capitalroundtable.com.

 

Please note that The Capital Roundtable limits the number of registrants from a single firm to three.

 

  • Best Rate -- Early Registration -- Save $400 off the standard fee of $1495 when you register by Friday, August 3. Just $1095.

 

  • Incentive Registration -- save $200 off the standard fee!
    Register by Friday, August 17, and the fee for the conference is $1295.

 

  • Conference Rate -- $1,495 increasing to $1,595 day of conference, space permitting.

 

  • Group Rate -- $995 each, when you register two or more people to attend from the same company.

 

Register Now

 

You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 747 Third Avenue, Suite 200, New York, NY 10017.

Have a special question? Please contact Julie Berger at jberger@capitalroundtable.com or 212-832-7300 ext 0.

 

From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change.  We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

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Location

  • University Club, Midtown, NYC

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Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

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Sponsorships

We offer excellent marketing and business development opportunities to reach the middle‑market private equity community. For more details, please contact Claire Notton at 212-832-7300 ext.117, or by email at cnotton@capitalroundtable.com.

 

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