Independent sponsor / Aerospace, defense & industrial
We Acquire Mission-Critical Capabilities in Aerospace & Defense
Throughput Group acquires the picks and shovels of aerospace and defense: certified processing shops and A&D technology companies whose approvals and capabilities programs cannot easily replace. We invest in them to build competitive advantage in the next generation of programs, from space and hypersonics to advanced air mobility and autonomous defense.
Explore our firm
How We Acquire and Grow Industrial Businesses
Operator-led M&A focused on control acquisitions and long-term value creation
M&ALower-middle-market acquisitions in aerospace and defense technology and industrial businessesLearn more 
Investment CriteriaWe pursue control acquisitions of companies with $3M to $10M EBITDA, anywhere in the USLearn more 
About the FirmLearn how our operator-led approach drives long-term value creationLearn more
01 / The opportunity
- Legacy A&D · Heat treat and NDT A&D organic growth, H1 2026
- 23–25%
- Legacy A&D · GE commercial engine growth guide, 2026
- ~20%
- Next-gen · Global space economy, 2025
- $686B
- Next-gen · Air Force FY27 request, autonomous combat aircraft
- $2.4B
Both demand engines buy the same certified processes, avionics and software. That capability sits in small, founder-owned companies whose approvals put a new entrant 3 to 5 years behind. Many owners are looking for an exit without a clear succession plan in place, the ramp strains their cash, and PE platforms are consolidating the supply base now.
02 / Criteria
- EBITDA
- $3–10M
- Acquisitions
- Control
- Anywhere in the US
- United States
03 / Focus
- 01
Mission-critical aerospace & defense
- 02
Industrial technology
- 03
Vertical software
04 / Our play
- 01
Acquire
Approvals and repeat revenue at founder-company prices.
- 02
Modernize
Constraint management, product operating models and one digital record per part.
- 03
Reposition
The approvals to qualify new work for next-generation aerospace.
Managing Director
As an aerospace and defense technology operator, I have spent my career building, scaling, and modernizing mission-critical software used across aerospace, defense, manufacturing, and industrial operations.
About the firm