XLCS Partners, a prominent middle-market investment bank, has announced its role as the exclusive advisor to Innodyne Systems (Innodyne) in its investment by FCAH Aerospace (FCAH), a portfolio company of O2 Investment Partners. This strategic partnership marks a significant milestone for both companies, bringing together Innodyne’s expertise in aircraft maintenance, repair, and overhaul (MRO) services with FCAH’s global reach and comprehensive aircraft component solutions.
Innodyne, headquartered in Bloomfield, CT, is a recognized FAA/EASA Part 145 repair station specializing in MRO, DER, and OPP services for airframe, composite, and electronic components. Since its founding in 2004, Innodyne has established itself as a trusted partner for a diverse range of commercial, regional, and business jet customers. Its advanced engineering capabilities, encompassing over 400 unique DER and OPP in-house repairs, set Innodyne apart in the industry. Their expertise covers a broad spectrum of composite and metallic structures, including flight controls, doors, radomes, wing leading edges, nacelles, exhausts, and mechanical assemblies. Their electronic lab specializes in components such as control panels, units, position transmitters, junction boxes, drain masts, power supplies, and wiring harnesses.
FCAH, based in Louisville, Kentucky, is a global distributor of aftermarket aircraft components, providing a comprehensive suite of services, including FAA-certified maintenance, repair, and overhaul (MRO) services, end-of-life aircraft disassembly, and storage solutions. FCAH operates strategically located support facilities in Miami, FL; Sunrise, FL; Victorville, CA; Istanbul, Turkey; and the UK.
XLCS’s deep understanding of the aerospace industry played a crucial role in facilitating this strategic investment. Having previously represented FCAH in its sale to O2 in 2020 and facilitating the investment by FCAH in Aviation Inflatables and Survival Products in 2022, XLCS was uniquely positioned to guide this transaction.
“XLCS has been a pleasure to work with and highly attentive to our transaction at every step of the process,” said John Mozonski, President of Innodyne. “Their experience in the aerospace industry enabled them to connect us with a great match in a matter of weeks rather than months.”
The successful transaction was led by Joe Contaldo, Partner and Head of XLCS’s Aerospace & Defense Practice Group, alongside Senior Associate Reed McMahon. This deal, finalized on July 19, 2024, is a testament to XLCS’s commitment to delivering exceptional results and driving value for its clients in the dynamic aerospace sector.
