Singapore’s private equity firm StateSquare Capital is acquiring a controlling stake in Advanced Integrated Manufacturing Corp. Pte Ltd (AIM), a Singapore-based aerospace and defense electronics manufacturing services (EMS) platform.
StateSquare Capital said in a statement on Thursday that the firm will invest in AIM to drive its organic expansion and international acquisitive acceleration across Europe and North America, further strengthening AIM’s position as a leading independent EMS provider to global aerospace and defense customers.
Under StateSquare’s ownership, AIM will pursue a clearly defined value-creation strategy focused on organic capability and capacity expansion, alongside a targeted international buy-and-build program across Europe and North America.
AIM was founded in 1999 and serves global aerospace and defense customers from its operations in Singapore, Malaysia, Indonesia, and the United Kingdom.
The Company provides a comprehensive suite of flight-critical, end-to-end electronic and mechanical manufacturing solutions, spanning prototyping, production, assembly, and testing.
The investment in AIM is underscored by its strong technical capabilities and robust quality systems, evidenced by long-standing Nadcap accreditation, as well as AS9100 and ISO9001 certifications – meeting the highest standards required by the global aerospace industry.
StateSquare’s investment DNA is rooted in global buy-and-build mid-market private equity partnerships and the firm has earmarked significant follow-on capital to support AIM’s transformational growth journey.
Closing of the investment is expected to occur by first quarter of 2026.
“We are excited to partner with AIM’s leadership to further scale the Company into a global aerospace and defense manufacturing solutions provider of choice for leading avionics original equipment manufacturers (OEMs),
“Our transformational value creation strategy for AIM is centered on a clearly defined global buy-and-build roadmap – an investment strategy deeply embedded in StateSquare’s leadership,” said Florian Marquis, Managing Partner and Chief Executive Officer of StateSquare Capital.
Joseph Khoo, Partner at StateSquare Capital, said they believe that the global aerospace and defense sector benefits from strong structural growth drivers.
“In addition, we are excited to onboard experienced EMS and aerospace industry veterans onto the company’s board to further drive the company’s long-term strategy and support the institutionalization of AIM in the years to come,” he added.
Dr. Tan Kim Yong, Chairman and Chief Executive Officer of AIM, said StateSquare Capital’s global investment approach, combined with its strong local expertise, makes them the perfect partner for them.
“While AIM was founded in Asia, we have been successfully serving global customers across Europe and North America for decades,
“StateSquare Capital’s early and clear commitment to further invest in the growth of AIM’s platform gave us the confidence to partner with Florian and his team,” he added.
Nicholas Tan, Chief Operating Officer of AIM, said as the company reaches an inflection point in its accelerating global growth, and in alignment with their chairman’s intent to ensure long-term continuity and scalability of the business, they have chosen to partner with the StateSquare team as their preferred growth partner to work alongside management to significantly scale AIM and support their growth capital needs in the years to come.
“AIM is recognized for its strong, customer-centric operating ethos – a philosophy closely shared by the StateSquare team,
“By leveraging their global experience and ecosystem, we are excited to advance our shared vision and sustainable growth strategy for AIM, creating long-term value for our customers, stakeholders, and our dedicated employees,” he added.