“… – AE Industrial Partners, LP (“AEI”), a US-based private equity firm specializing in aerospace, defense & government services, space, power generation, and specialty industrial markets, announced that it has expanded its Unmanned and Autonomous platform through the acquisition of Jennings Aeronautics, Inc. (“JAI”), a leading provider of innovative Small Unmanned Aerial Systems (“sUAS”). JAI will be combined with UAV Factory, a global leader in tactical Unmanned Aerial Vehicle (“UAV”) and Intelligence, Surveillance and Reconnaissance (“ISR”) technology, which was acquired by AEI in January of 2021.
As part of the transaction, JAI CEO John Purvis will assume the role of CEO of the combined company, while JAI Founder Gordon Jennings will remain with the combined company in a senior leadership role. Terms of the transaction were not disclosed.
Based in San Luis Obispo, CA, JAI’s systems have a strong operational track record supporting customer requirements across a variety of challenging global environments. JAI’s experienced team of engineers and technicians have extensive expertise in the production of innovative SUAS that merge the payload capacity and endurance of larger systems with the flexibility of a more portable vehicle. Built to include a true next generation electric vertical take-off capability and a ruggedized solid oxide fuel cell, JAI’s sUAS have best-in-class endurance and allow for the support and performance of a diverse set of customer missions in challenging environments with minimal requirements on the ground. JAI is a truly differentiated provider of small unmanned systems, with unmatched experience in autonomous flight control software, avionics, GCS software, system integration, design engineering, imaging payloads, and airframe fabrication.
“Joining the UAV Factory team and the AEI family at this exciting time in the industry’s development is a game-changer for JAI and I’m honored to take the helm of the combined company during this pivotal moment,” said John Purvis. “We will now have more capital, operational expertise and an international footprint allowing us to grow our business and support our customers better than we could alone. I look forward to working with the team as we continue to build a truly disruptive and differentiated player in the unmanned and autonomous market.”
JAI marks the first acquisition into the UAV Factory platform since AEI acquired UAV Factory in January 2021.