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The McLean Group Advises AOCE on its Sale to CAE
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The McLean Group is pleased to announce that we provided advisory services on this completed engagement.

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The McLean Group Advises AOCE on its Sale to CAE

MCLEAN, VA ā€“ August 1, 2018 ā€“ CAE announced that CAE USA Mission Solutions Inc., a subsidiary of CAE USA, has acquired Alpha-Omega Change Engineering (AOCE) for approximately US$29 million, excluding post-closing adjustments.

The acquisition will enhance CAE USAā€™s core capabilities as a training systems integrator (TSI), grow CAEā€™s position on enduring platforms such as fighter aircraft, and expand the ability for CAE USA to pursue higher-level security programs in the United States.

AOCE, based in Williamsburg, Virginia, provides a range of aircrew training services, operational test and evaluation, and engineering support services to the U.S. Department of Defense and U.S. intelligence services.

ā€œThis acquisition aligns directly with CAEā€™s strategic priorities to grow and expand our capabilities in the worldā€™s largest defense market,ā€ said Marc Parent, CAEā€™s President and Chief Executive Officer.

ā€œAOCE brings existing contracts as well as past performance in unmanned systems, aircrew training and courseware development for fighter and special operations aircraft, and space and missile defense,ā€ said Ray Duquette, President and General Manager, CAE USA. ā€œThis will significantly enhance CAE USAā€™s training systems integration capabilities and allow us to address broader market opportunities in the United States.ā€

AOCE was founded in 1997, employs approximately 600 people, and has been a successful, rapidly growing business focused on providing training, engineering and consulting services. The company is currently the prime contractor on a range of programs for the U.S. Department of Defense, including: Maintenance and Aircrew Training at Kirtland/Davis-Monthan/Joint Base Andrews/Moody (KDAM) in support of the Air Force Special Operations Command Aircrew Training and Rehearsal Support (ATARS) program; U.S. Army Space & Missile Defense Command indefinite delivery/indefinite quantity contract to provide engineering and operational support services; and U.S. Air Force contract aircrew training and courseware development for F-15, F-16, and F-22 aircrews.

ā€œCAE is a recognized global leader in training and we have first-hand knowledge of the type of company CAE is through the excellent working relationship we developed on programs such as the U.S. Air Force MQ-9 Reaper remotely piloted aircraft aircrew training,ā€ said Jim Hartney, AOCEā€™s Chairman of the Board. ā€œThis acquisition and being part of CAE will open new growth opportunities for AOCE and our employees.ā€

About The McLean Group

The McLean Group, LLC is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Maritime markets. Its team of licensed professionals brings deep industry experience and relentless execution to every client engagement. The McLean Group provides solutions that blend financial creativity with operational expertise. Whether they are providing transaction advisory services, valuation opinions, or growth capital, the Firmā€™s services are unmatched in these core markets. Learn more at www.McLeanLLC.com.

AOCE acquired by CAE - The McLean Group