Acorn Growth Companies

Acorn Growth Companies, established in 2005 and headquartered in Oklahoma, is a private equity firm specializing in mid-market investments. It primarily focuses on financial services, industrial, manufacturing, business services, and technology sectors within the United States. The firm manages over $200 million and has grown its portfolio significantly since its inception, operating companies across the nation and globally under its primary banner, AGC Aerospace & Defense.

Rick Nagel

Managing Partner and CEO

Past deals in Aerospace

Pan Am Flight Academy

Acquisition in 2025
Pan Am Flight Academy, based in Florida, specializes in aviation training, offering swift and efficient courses tailored for aviation professionals.

Aerospares 2000

Acquisition in 2019
Aerospares 2000 Ltd. is a supplier and distributor of aircraft spare parts, primarily focusing on commercial aviation. Founded in 2000 and headquartered in Watford, United Kingdom, the company also operates locations in Singapore and Doral, Florida. Aerospares specializes in identifying, procuring, and stocking sought-after and hard-to-find rotable parts, particularly those included in minimum equipment lists. This enables them to provide standard and reliable components to a diverse clientele, including leading airlines, cargo operators, leasing companies, and maintenance, repair, and overhaul (MRO) service providers.

Black Sage Technologies

Acquisition in 2019
Black Sage Technologies Inc. specializes in the manufacture and integration of counter-unmanned aircraft systems (C-UAS) solutions, aimed at protecting people and critical infrastructure worldwide. Founded in 2014 and based in Boise, Idaho, the company focuses on developing defense technology systems that address threats posed by unauthorized drones and remote-piloted aircraft. Its autonomous C-UAS solutions utilize a combination of sensors, effectors, and machine intelligence tools to detect, identify, and neutralize such threats. By fulfilling counter-UAS mission requirements, Black Sage Technologies enhances safety and security across diverse environments and operational scenarios.

DIMO Corp.

Acquisition in 2019
DIMO Corp. is a value-added distributor based in New Castle, Delaware, specializing in critical parts and higher-level assemblies for military and commercial applications across air, land, and naval forces. Founded in 1994, the company provides a wide range of products, including military and commercial aircraft parts, in-flight refueling systems, life support solutions, cryocooling systems, and components for the oil and gas industry. Additionally, DIMO Corp. offers equipment services to enhance operational efficiency and support mission-specific aircraft systems.

Raisbeck Engineering

Acquisition in 2016
Raisbeck Engineering, Inc. is a company that specializes in the design, development, and marketing of performance improvement systems for business and commercial jet-powered aircraft. Founded in 1973 and based in Seattle, Washington, the company offers a range of innovative products including quiet turbofan propellers, ram air recovery systems, enhanced performance leading edges, dual aft body strakes, high flotation gear doors, and various types of lockers for aircraft storage. Raisbeck Engineering's offerings are integrated into original equipment manufacturer (OEM) production, enabling clients to enhance the performance and efficiency of their aircraft models.

Aerospheres UK

Acquisition in 2015
Aerospheres UK Ltd. is a UK-based company that specializes in supplying chemicals and materials for aircraft maintenance. Established in 1990 and headquartered in Harrow, the company caters to the aviation industry across various regions, including Europe, the Middle East, Asia, and the Americas. Aerospheres UK offers a wide range of products, including adhesives, paints, lubricants, sealants, composites, and other essential maintenance materials. The company serves over 350 airlines and maintenance outlets globally, focusing on meeting the complex needs of the airline industry for maintenance, repair, and overhaul (MRO) operations. Through its extensive product line, Aerospheres UK plays a vital role in supporting the aviation sector's operational requirements.
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