Aronson Capital Partners, LLC (“ACP”) is pleased to announce the pending sale of Advanced Engineering & Planning Corp., Inc. (“AEPCO”) to VT Group (“VT”), a major international defense and support services provider headquartered in the United Kingdom. ACP served as the exclusive financial advisor to AEPCO.
Based in Gaithersburg, MD, AEPCO is a leading provider of logistic, technical and program management support services on U.S. Army helicopter platforms, including the Apache, Blackhawk, Chinook, Warrior and Cobra. Key services include life-cycle support for platforms, systems and equipment, integrated logistics, technical documentation and training. A majority of the AEPCO’s activities are performed at Redstone Arsenal in Huntsville, Alabama, where its major customer is the US Army Aviation and Missile Command (“AMCOM”).
AEPCO also has an expanding IT business unit that provides secure wireless networking, digital streaming, asset management and systems integration services, primarily for the U.S. Navy. In total, the company employs approximately 450 people.
VT Group’s Chief Executive, Paul Lester, commented: “The acquisition of AEPCO will help us to grow our business in the U.S. It will provide us with a presence in the huge U.S. Department of Defense logistics sector, where there is exciting potential for future growth, and will also strengthen VT Services’ position as a major contractor to the U.S. Army.”