Qatar SWF Invests in Advanced Integration Technology, LP

Posted on 02/22/2022

Headquartered in Plano, Texas, Advanced Integration Technology, LP (AIT) is a provider of automation, factory integration and tooling solutions dedicated to the global aerospace, defense, and space launch vehicle industries, as well as new manufacturing solutions for commercial urban air mobility markets. AIT serves a wide range of global, blue-chip OEMs and Tier 1 suppliers, including Airbus, The Boeing Co., Lockheed Martin Corporation, Northrop Grumman, and Spirit AeroSystems. AIT has facilities in the United States, Canada, Spain, and Sweden. Onex Corporation is an investor in AIT. AIT was founded in 2002 by Ed Chalupa.

Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, through its affiliates, has agreed to acquire a minority interest in AIT from Onex Corporation. The transaction is expected to close in 2022, subject to regulatory conditions and approvals.

Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are serving as financial advisors to AIT and Fried, Frank, Harris, Shriver & Jacobson LLP and White & Case LLP are serving as its legal advisors. Sullivan & Cromwell LLP is serving as legal advisor to QIA.

In 2019, Onex was considering options to sell Advanced Integration Technology for more than US$ 1.5 billion.

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