Sectors
Foley & Lardner LLP served as legal advisor to Velocity One, an aerospace and defense platform backed by leading middle-market private investment firm Charlesbank Capital Partners, in its acquisition of Kaney Aerospace.
The acquisition enhances Velocity One’s portfolio of highly engineered products serving the aerospace and defense industries. Kaney Aerospace specializes in electromechanical actuation, motion control, and advanced power solutions for aerospace and medical applications. The company’s products, including autopilot actuation systems, advanced and efficient electrical controls, and system integration and test, fly in commercial and defense platforms worldwide with growing adoption in Advanced Air Mobility and autonomous vehicles. Kaney also operates an FAA Part 145 and EASA-certified repair station.
Velocity One is an aerospace and defense platform uniting specialized companies in power systems, navigation, and precision-engineered components. Since 2022, Velocity One has assembled a portfolio of specialized aerospace and defense companies, each with deep technical strength in mission-critical systems. Foley previously advised Velocity in its acquisition of EMCORE Corporation, a developer of inertial navigation systems.
Foley’s M&A team was led by partner Curt Creely with support from partners Kevin Shuler and Christopher Bourne and associates Andrew Del Real, Lydia Stambaugh, and Kim Shearer with subject matter support from partners Belinda Morgan and David Morris, special counsel Arthur Phillips, and associate Kevin Hilton (Tax), partners Erin Toomey (Government Solutions), Gregory Husisian (Government Enforcement Defense), Dottie Watson and associate Judah Lieblich (Environmental), partner Steve Millendorf, senior counsel David Britton, and associate Mathew Cha (IP), partner Ethan Lenz (Insurance), partner John Litchfield (Employment), and senior counsel Daniel Pieringer (Real Estate).
