https://govconwire.com/wp-content/uploads/2021/09/ae-industrial-partners-acquires-jennings.mp3 AE Industrial Partners has acquired Jennings Aeronautics , a California-based company developing small unmanned aerial systems designed to take off vertically and run using oxide fuel.
AEI said Tuesday it will merge the acquired business with UAV Factory , which the private equity firm purchased in January.
John Purvis , CEO of JAI, will hold a similar role at the combined company while JAI founder Gordon Jennings will serve in a senior leadership position.
JAI, which will be the first business AEI is integrating into its unmanned and autonomous platform, produces flight and ground control software, avionics and imaging payloads.
Kirkland & Ellis acted as legal adviser to AEI and UAV Factory, while William Blair and PwC served as financial advisers on the acquisition deal.
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