New Mountain Capital invests in MAG Aerospace

MAG Aerospace announced this month it has teamed up with private-equity firm New Mountain Capital as it pursues growth.

Fairfax, VA-based MAG Aerospace specializes in intelligence, surveillance and reconnaissance, including operations, training, technical services and specialty aviation services. The company operates more than 200 aerial platforms, and counts U.S. defense and civilian agencies, intergovernmental organizations and allied governments among its customers.

"New Mountain, a New York-based private equity firm, identified MAG through a proactive focus on the federal services industry," MAG said in a statement. "New Mountain is providing MAG with significant financial and strategic resources to support future growth initiatives which include launching new contracts and pursuing acquisitions."