CSP Associates

CSP is pleased to announce a strong 2024. We are grateful for our clients and partners, and are looking forward to an active 2025! 🚀

CSP Associates is proud to have supported Leggett & Platt on their agreement to sell its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated. The Aerospace Products Group operates seven facilities across the US, UK, and France, and manufactures complex, highly engineered tube and duct assemblies for use primarily in commercial and military aircraft platforms and space launch vehicles. The entire CSP team, including Nate Neroni, Peter Lohrer, Kevin Papak, and Declan Traianou, enjoyed supporting Leggett & Platt on this transaction!

Big congrats to Charlesbank Capital Partners on successfully closing its acquisition of EMCORE Corporation and forming Velocity One. Velocity One combines EMCORE, a provider of inertial navigation solutions to the aerospace & defense industry with Cartridge Actuated Devices, Inc. (“CAD”), a veteran designer and manufacturer of energetic devices, and Aerosphere Power, Inc a manufacturer of power system solutions for commercial and military aerospace, military ground vehicles, and UAV applications. Looking forward to watching how this merger generates synergies across a range of high-priority US and NATO defense programs and Velocity One continues to build out its aerospace and defense. Many thanks to the CSP Associates team, including Luke Gile, Declan Traianou, Tyler Howington, and Logan Slone for their excellent work supporting the Charlesbank team on this transaction.

CSP is pleased to announce that 5 of our colleagues were promoted in 2024! These team members have demonstrated excellent performance and impact in their roles, and we are grateful for their hard work and contributions.👏 Luke Gile Nate Neroni Ryan Bolton Declan Traianou Stephen Tames Please join us in congratulating our promoted colleagues! 🎉

Big congrats to Albion River on its acquisition of Arotech Corporation from Greenbriar Equity Group, L.P. Arotech is a leader in high-fidelity training and simulation, portable power systems, and advanced electronics manufacturing with a proven track record across all branches of the US military, numerous federal agencies, major prime contractors, foreign militaries, and state & local customers. Looking forward to watching Arotech expand its global footprint and product offerings with Albion River’s resources and support. Proud of our CSP Associates team, including Sean Purdy, Logan Slone, Peter Lohrer, Ryan Bolton, and Annan Lu, for their support of the Albion River team on this transaction.

Huge congrats to BTX Precision, a portfolio company of L Squared Capital Partners, on its acquisition of Chandler Industries. Chandler offers a comprehensive suite of precision machining capabilities from prototyping through complex assembly for leading customers like Boeing and Lockheed Martin, and serves a variety of end markets including aerospace & defense, satellites, and semiconductors. Looking forward to watching how the BTX and Chandler partnership evolves. The CSP Associates team, including Scott McKnight, Michael Jamison, Stephen Tames, Peter Lohrer, and Tyler Howington, did a fantastic job supporting the L Squared team on this transaction.

Big congrats to Tallvine Partners on acquiring Odyssey Aviation US! Looking forward to following Tallvine as they expand their FBO business across North America, growing beyond the three recently acquired FBOs currently operating in the U.S. The CSP Associates team, including Nate Neroni, Ryan Bolton, Kevin Papak, and Declan Traianou, enjoyed supporting Tallvine on this transaction.

Congratulations to Micross Components, a portfolio company of Behrman Capital, on closing their acquisition of Integra Technologies Inc. last week. Micross' acquisition - the tenth under Behrman's ownership - further positions Micross as a leader in US-based OSAT services with a broad portfolio of reliable microelectronic services and products. Integra supports a wide range of military and space systems including THAAD, PAC-3, ATACMS, Orion, the Mars Rover, and MAVEN. The company also supports Boeing and Airbus commercial aircraft platforms with its OSAT services. The CSP Associates team, including Marc Vaucher, Michael Jamison, Stephen Tames, and Tyler Howington enjoyed supporting the Behrman team on this transaction.

CSP is excited to announce Peter Lohrer has joined our firm as an Associate Director. Prior to CSP, Pete gained expertise in commercial aerospace working in Oliver Wyman’s Aerospace and Defense consulting practice for several years and also as an investment associate at AAR, where he focused on aircraft sales and leasing as part of a joint venture with Napier Park. He also previously covered the commercial aviation sector while at Sumitomo Mitsui Banking Corporation and worked as an investment consultant at BNY Mellon. Pete is currently based in Newport, RI and holds a Bachelor of Science in Quantitative Economics & Mathematics from Providence College. In his free time, he enjoys flying and is an instrument-rated pilot. Welcome, Pete! 🚀

Big congrats to TEKEVER for securing $74M (€70 million) of new funding, and to Crescent Cove Advisors LP on their participation in this latest round, which was co-led by the NATO Innovation Fund (NIF) and Baillie Gifford, with additional participation from the National Security Strategic Investment Fund (NSSIF), Iberis Semper, and Cedrus Capital. Looking forward to watching the Tekever team continue to develop its UAS product line and expand into new markets and mission domains, including space. Tekever's software-centric model, enabled by its 'Atlas' backbone, coupled with the vertical integration of its entire manufacturing process from payloads to system hardware, allows for a unique range of capability delivery spanning networked C2 in contested domains to battlespace management and awareness. Tekever’s systems have been deployed in Ukraine and used by the European Maritime Safety Agency and the UK Home Office, as well as other nations globally and commercial operators across multiple sectors. The entire CSP Associates team, including Robert E. Mullins, PhD, Luke Gile, Michael Jamison, and Stephen Tames, enjoyed working with the Crescent Cove team on this funding round.