The Precision Aerospace & Defense Group successfully finalized a definitive business combination agreement with FACT II Acquisition, a special purpose acquisition company (SPAC). This strategic merger immediately establishes a new, publicly listed engineering and manufacturing entity focused squarely on the aerospace and defense markets. The transaction carries an implied enterprise value of up to $320 million, positioning the combined organization for substantial growth and a strengthened presence within the government contracting sector.
Securing Capital for Accelerated Expansion
The leadership confirmed that this transition to a public company structure will unlock significant growth capital. The combined company, which continues operating under the name Precision Aerospace & Defense Group, expects the anticipated proceeds from the transaction to serve several vital purposes. These funds will accelerate essential product development efforts and finance critical investments in advanced, cutting-edge equipment necessary for high-volume defense work.
Crucially, the company has also identified strategic acquisitions in its pipeline and expects to pursue them immediately, significantly reinforcing its market footprint. Brent Borden, formerly CEO of PAD, now leads the newly merged organization, driving this ambitious growth strategy forward.
Core Strengths in Defense Manufacturing and Sustainment
The foundation of the merged company rests on PAD’s established expertise, developed through years of targeted acquisitions and expansion into three key operational divisions. These segments specialize in engineering and sustainment, precision manufacturing, and advanced non-destructive testing.
The organization actively provides a comprehensive suite of services essential to national security and space programs. These services include specialized design work, complex reverse engineering, component production, structural testing, and extensive maintenance, repair, and operations (MRO) support. The precision manufacturing division leverages advanced computer numerical control (CNC) machining and assembly capabilities to produce mission-critical components.
Concurrently, the non-destructive testing division employs specialized equipment and testing methods to guarantee the safety, integrity, and durability of high-performance parts utilized across demanding aerospace applications. This combination of capabilities ensures the new public entity plays a vital role in supporting the U.S. defense apparatus.
