Charlesbank acquires EMCORE to form Velocity One, providing specialized navigation solutions to A&D industry. Transaction announced in Nov 2024.

In a recent development, Charlesbank Capital Partners, a middle-market private investment firm, has completed the acquisition of EMCORE Corporation through its aerospace manufacturing holding company, Velocity One. EMCORE, previously listed as Nasdaq: EMKR, specializes in providing inertial navigation solutions to the aerospace and defense industry. The acquisition deal, announced on November 8, 2024, marks a significant move in the sector. Charlesbank's acquisition of EMCORE signifies a substantial investment in the A&D industry, highlighting the firm's strategic focus on expanding its portfolio in aerospace manufacturing.