(SOUTH WINDSOR, CT) Capewell Systems has acquired Aerial Machine and Tool Corporation, a manufacturer of aviation, safety and tactical gear for military, law enforcement and commercial customers worldwide. Terms of the purchase from Aqua Lung Corporation of San Diego, California, were not disclosed.
Owned by private equity firm CapitalWorks, LLC of Cleveland, Ohio, Capewell Systems seeks to continue acquiring military life support and aerial delivery manufacturing companies. Capewell will be renamed Capewell Aerial Systems. Aqua Lung is a leading manufacturer of aquatic equipment for recreational and professional use including the Aqua Sphere and U.S. Divers brands.
Located in Meadows of Dan, Virginia, Aerial Machine and Tool’s manufacturing capabilities include light and heavy duty technical sewing, metal part machining and RF welding for inflatables. Aerial also distributes tactical helmets and emergency breathing devices for military applications. [Read more…]