New Mountain Capital’s Acquisition of MAG Aerospace Partners

William Blair served as financial advisor and Cooley LLP served as legal counsel to MAG Aerospace. Wells Fargo and Jefferies served as financial advisors and Ropes & Gray LLP provided legal counsel to New Mountain Capital.

MAG Aerospace (“MAG”), a leading turnkey provider of ISR solutions, has partnered with New Mountain Capital, LLC, a growth-oriented investment firm that currently manages over $20 billion in assets.

Headquartered in Fairfax, VA, MAG has demonstrated rapid growth through its unique ability to provide turnkey ISR solutions, enabling real-time situational awareness to help its customers make the world more stable and secure. MAG delivers full-spectrum ISR including operations, training, and technical services, as well as specialty aviation services.

MAG operates over 200 aerial platforms across 6 continents. MAG customers include US Government defense and civilian agencies, intergovernmental organizations including the UN and NATO, and allied governments. MAG also supports a wide range of humanitarian missions including FEMA’s disaster relief efforts in the Caribbean following the 2017 Atlantic hurricane season, forest fire detection in Canada, and United Nations-led peacekeeping and environmental monitoring.

New Mountain, a New York-based private equity firm, identified MAG through a proactive focus on the federal services industry. New Mountain is providing MAG with significant financial and strategic resources to support future growth initiatives which include launching new contracts and pursuing acquisitions.

Ropes & Gray represented New Mountain Capital with a team including

private equity partners John Sorkin (Picture) and Garrett Charon, finance partner Stefanie Birkmann, tax partner Adam Greenwood, executive compensation and benefits partner Alexandra Alperovich and labor and employment partner Megan Bisk.

Cooley advised MAG Aerospace with a team including Andrew Lustig, Aaron Binstock, Matthew Schwee, Kevin Milgram, Jacqueline Grise, Megan Browdie, Jonathan Bagg, David Walsh, Stacy Crosnicker, Ross Eberly, Parker Erkmann, Mike Faber, Stephanie Gentile, Kevin King, Christopher Kimball, David Fletcher, Amy Josselyn and Cortney Smith.

Involved fees earner: Andrew Lustig – Cooley LLP; Aaron Binstock – Cooley LLP; Matthew Schwee – Cooley LLP; Kevin Milgram – Cooley LLP; Jacqueline Grise – Cooley LLP; Megan Browdie – Cooley LLP; Parker Erkmann – Cooley LLP; Jonathan Bagg – Cooley LLP; David Walsh – Cooley LLP; Stacy Crosnicker – Cooley LLP; Ross Eberly – Cooley LLP; Mike Faber – Cooley LLP; Stephanie Gentile – Cooley LLP; Kevin King – Cooley LLP; Christopher Kimball – Cooley LLP; David Fletcher – Cooley LLP; Amy Josselyn – Cooley LLP; John Sorkin – Ropes & Gray; Garrett Charon – Ropes & Gray; Stefanie Birkmann – Ropes & Gray; Adam Greenwood – Ropes & Gray; Alexandra Alperovich – Ropes & Gray; Megan Bisk – Ropes & Gray;

Law Firms: Cooley LLP; Ropes & Gray;

Clients: New Mountain Capital; MAG Aerospace Corp.;


Author: Ambrogio Visconti