AE Industrial Partners, Space Florida Partner to Expand Florida's Aerospace Industry

BOCA RATON, Fla., April 17, 2023 /PRNewswire/ -- AE Industrial Partners, LP ("AEI"), a leader in space investing and a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets, announced today a partnership with Space Florida, the state of Florida's aerospace finance and development authority. The partnership aims to accelerate the growth of Florida's aerospace and space industries, bringing in investment and creating job opportunities in the state. As part of the partnership, AE Industrial Partners will leverage Space Florida's unique funding resources and expertise to help attract and invest in companies that are looking to expand or relocate to Florida. The partnership will also focus on developing a talent pipeline for the industry, building on Florida's strong academic institutions and workforce development programs.

The combination of Space Florida's deep industry expertise and innovative financial toolkit for space companies with AE Industrial Partners' proven track record of success in aerospace, space, and defense investment aims to strengthen Florida's position as a global leader in aerospace, space, and defense. Florida consistently ranks among the top five U.S. states for aerospace industry employment, with more than 17,000 aerospace-related companies based in Florida contributing $19 billion in revenues to the state's economy. Space Florida alone had a $5.9 billion economic impact on the state since 2007, and is projected to have a $1.1 billion economic impact annually over the next five years.

"The new space economy is expected to be a huge driver of highly skilled jobs over the coming decades, and we are excited to partner with Space Florida to attract new companies and jobs to Florida." said Kirk Konert, Partner at AEI. "Our state has long been a hub for aerospace and defense, and we believe this partnership will help expand the aerospace and space industries in Florida, while driving significant innovation in the sector."

"AE Industrial and Space Florida have worked together on multiple projects over the last several years. Space Florida has been a great partner to our portfolio companies, and we're excited to formalize this partnership. Our goal is to streamline the financial tools that Space Florida offers and collaborate on innovative capital approaches to our deals from the formation stage through the life of our ownership." said Jon Lusczakoski, Vice President at AEI.

"Space Florida is preparing for a future business climate where everything from manufacturing and energy production to tourism and other economic activity occurs in space at scale," said Ron Lau, senior vice president, corporate development and capital programs for Space Florida. "Our goal is to make Florida the gateway to space. Strategic partnerships with leading financial institutions are key ways we more rapidly achieve that goal and fulfill our mission to solidify Florida's dominance as the leading global entity for a global aerospace and space economy."

About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative. Learn more at www.aeroequity.com.

About Space Florida
Space Florida is where leading aerospace companies get everything they need to see their new ideas take off. As the state's aerospace finance and development authority, Space Florida brings a mix of unrivaled experience, unmatched financial tools, and unbeatable location to the table by providing critical business financing opportunities for the aerospace industry, managing infrastructure investment in the state's spaceport system, and facilitating research and development, workforce, education, and investment programs. Visit http://www.spaceflorida.gov for more information.

MEDIA CONTACTS:

For AEI:
Jennifer Hurson
845.507.0571
[email protected]
Or
Beth Wiegard
[email protected]
616.258.5777

For Space Florida:
Anna Alexopoulos Farrar
[email protected]
954.647.7059

SOURCE AE Industrial Partners, LP