Jamco Corporation, a Bain Capital portfolio company and Japan’s leading manufacturer of cabin interior equipment for the commercial aviation industry, and Bain Capital, a global private investment firm with US$185 billion in assets under management, today announced the acquisition of Aerospace Technologies Group (ATG) by Bain Capital.

Founded in 1998, ATG is the premier developer and supplier of window shade systems for private and commercial aviation. Under the leadership of CEO Mario Ceste, ATG has grown to over $60M in revenue to become the largest Tier 1 supplier of electric window shades to aircraft OEMs worldwide.

ATG’s flagship commercial aerospace product is the aerBlade® window shade system enabling passenger and crew control of window shades at the touch of a button, eliminating the need for flight attendants to check the cabin during take-off and landing.

ATG has its headquarters, product manufacturing and R&D in Boca Raton, Florida, together with facilities in Dubai and Toulouse. Both ATG and Jamco will operate as independent companies under a common ownership structure under Bain Capital and led by Kate Schaefer, who serves as Executive Chair of both companies.

In addition to aerBlade® for widebody fleets, ATG’s window shades are the standard option on Bombardier, Gulfstream and Textron Aviation’s (Cessna) leading business jet platforms. In recognition of its world class operations, ATG received Bombardier’s Diamond Supplier award in 2022 and 2023.

Kate Schaefer, Executive Chair of Jamco, stated, “ATG is the first step in realizing our vision to transform Jamco into the leading global platform for cabin interiors. The combination of ATG’s aerBlade product and Jamco’s business class seat offering, together with Jamco’s cabin modification and engineering certification capabilities, creates strong industrial logic for this combination.”

Mario Ceste, CEO of ATG, remarked, “ATG has been supported by  Jacqueline Autry’s ownership for many years, and on behalf of all ATG employees we are deeply grateful. At the same time, we are excited for ATG’s new chapter of growth under Bain Capital’s ownership and see many new opportunities from partnership with Jamco.”

Nick Gattas, Managing Director in Bain Capital’s Asia Private Equity team, stated “We are excited to partner with Mario and the ATG team for the next chapter of growth, and continuing ATG’s strong entrepreneurial culture focused on product innovation and customer support.”

Advisors 

KAL Capital acted as exclusive financial advisor to ATG, with Sheppard Mullin acting as legal counsel.

Seabury Securities acted as exclusive financial advisor to Bain Capital, with Ropes & Gray acting as legal counsel.

About Aerospace Technologies Group 

Aerospace Technologies Group (ATG) is a leading innovator in advanced window shade systems for small, mid-size, and large cabin business jets, as well as commercial aircraft, including the Boeing 777-300ER, Airbus A380, and A350. Founded in 1998 and headquartered in Boca Raton. Florida, ATG has consistently set the standard for aviation cabin components with window shade products like aerBlade®, aerLuxe™ and its cutting-edge Next Gen Electronics which enables its windows shades to integrate with the “connected cabin”.  With recent expansions into Dubai and Toulouse, ATG continues to deliver world-class support and advanced solutions that enhance passenger comfort and control of light. For more information, visit www.atgshades.net .

About Jamco Corporation 

Jamco is a premier global provider of aircraft interiors, holding market-leading positions in lavatories and galleys, a growing presence in business/first-class seating, and associated modification services. With more than 2,000 employees globally, Jamco combines decades of experience with advanced manufacturing and engineering expertise to create cabin products and services that elevate passenger experience, enhance operator efficiency, and set new standards in durability and design.

About Bain Capital 

Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate, life sciences, insurance, and other strategic areas of focus. The firm has offices on four continents, more than 1,750 employees and approximately $185 billion in assets under management.

Bain Capital has a deep track-record of investing across the Aerospace and Defense value chain, including Jamco Corporation, Showa Aircraft Industry, Proterial (formerly Hitachi Metals), Virgin Australia, ITP Aero, MRO Holdings, Precinmac, KP Aviation and Griffin Asset Management.

Featured image credited to Jamco/Aerospace Technologies Group