Jon Nemo, an investment banker active in the aerospace and defense industries, has joined AE Industrial Partners (AEI) as its latest partner. Mr. Nemo joins AEI from Harris Williams where he was a Managing Director and Head of the Aerospace, Defense & Government Services Group.
Mr. Nemo has completed more than 75 transactions with a total value of more than $10 billion over the past 20 years. Some of the transactions include the sale of Wencor Group to Warburg Pincus, Haas Group to Wesco Aircraft, Ross Aviation to Landmark Aviation, and Pexco Aerospace, Schneller, and Breeze-Eastern to Transdigm Group.
“Jon’s deep knowledge of the aerospace supply chain, extensive transaction experience and breadth of industry relationships will bolster AEI’s deal-sourcing and transaction execution capabilities, while also bringing new value creation perspectives to our existing portfolio,” said David Rowe, Managing Partner of AEI. “We are excited to have Jon join our industry-leading team, and welcome him to AEI.
Before his tenure at Harris Williams, Mr. Nemo was a Managing Director in the Aerospace & Defense Investment Banking Group at Jefferies & Company, as well as a Managing Director in the Industrial Growth & Services Investment Banking Group at CIBC World Markets.
AEI invests in the aerospace, power generation and specialty industrial sectors with a specific focus on technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses. Typical company targets will have from $50 million to $500 million of revenue. AEI is headquartered in Boca Raton (www.aeroequity.com).
Just last week, AEI announced the final closing of AE Industrials Partners Fund I, LP with $680 million in commitments. AEI also raised an additional $160 million for co-investment vehicles, including its legacy investment in Global Jet Capital, which AEI owns in partnership with The Carlyle Group and GSO Capital Partners.
In the last 12 months, AEI has made two platform investments for Fund I: In September 2015 it acquired Cincinnati-based Belcan, a provider of engineering services and technical staffing to the aerospace, power generation and industrial markets (www.belcancorporation.com); and in April 2015 it acquired Chicago-based Kellstrom Materials, a provider of parts support and supply chain management to airlines and air transport operators (www.kellstrommaterials.com).
AEI’s team includes partners with C-suite operating experience in organizations such as GE, Gulfstream Aerospace, Power Systems Manufacturing, Hawker Beechcraft, Landmark Aviation, Bombardier, B/E Aerospace, and NetJets.
“The addition of Jon brings our investment team to 18 experienced industry professionals, giving AEI one of the deepest talent pools in this specialized investment sector,” said Michael Greene, Managing Partner of AEI.
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-19-16
