Duff & Phelps Aerospace Defense and Government Services M&A Practice advised Impresa Aerospace on its §363 sale to Crestview Aerospace

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On January 4, 2021, Impresa Aerospace, LLC (“Impresa” or the “Company”) sold substantially all of its assets to Crestview Aerospace, LLC (“Crestview”), a holding company of American Industrial Partners (“ AIP”) pursuant to Section 363 of the United States Bankruptcy Code. Impresa filed for Chapter 11 bankruptcy protection in September 2020.

Duff & Phelps served as exclusive financial advisor to Impresa Aerospace in connection with the §363 sale transaction.

About Impresa Aerospace, LLC
Impresa Aerospace is a leading Tier 1/2 supplier of critical machined components to the global aerospace industry. The Company provides complex, precision-machined, small to mid-size airframe components and assemblies in aluminum, titanium, nickel and other specialty materials for the commercial aerospace, military and business aircraft end markets.

The company has strong relationships with Tier 1 and Tier 2 suppliers, working collaboratively with customers on a wide range of platforms, including Boeing 737 Max and 787, Lockheed Martin F-16 and Boeing AH -64 Apache. Morris, Nichols, Arsht & Tunnell LLP acted as legal counsel to the Company.

About Crestview Aerospace, LLC
Crestview Aerospace manufactures complex assemblies primarily for the aerospace defense industry. Crestview offers an integrated manufacturing process that provides fabricated parts, in-house processing and complex assemblies for fixed and rotary wing aircraft. Crestview serves major OEMs such as Boeing, Bell and Northrop Grumman on key programs such as CH-47, V-22 and E-2. Based in Crestview, Florida, Crestview Aerospace employs approximately 300 professionals. Fredrikson & Byron, PA served as legal counsel to Crestview Aerospace.

About US Industry Partners
American Industrial Partners is an operations-oriented private equity firm that makes control investments in industrial companies serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, AIP has completed over 100 transactions and currently has over $7 billion in assets under management for the account of major pension, endowment and financial funds. establishments.

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