Bain adds to Jamco portfolio with ATG acquisition

Japanese interiors maker Jamco Corporation and Bain Capital announced the acquisition of Aerospace Technologies Group (ATG) by Bain Capital. Jamco is a Bain Capital portfolio company and Japan’s leading manufacturer of cabin interior equipment for the commercial aviation industry. Bain Capital is a global private investment firm with US$185 billion in assets under management. Founded in 1998, ATG is a developer and supplier of window shade systems for private and commercial aviation. Under the leadership of CEO Mario Ceste, ATG has grown to over $60 million in revenue to become the largest Tier 1 supplier of electric window shades to aircraft OEMs worldwide. ATG’s flagship commercial aerospace product is the aerBlade  window shade system enabling passenger and crew control of window shades at the touch of a button, eliminating the need for flight attendants to check the cabin during take-off and landing. ATG has its headquarters, product manufacturing and R&D in Boca Raton, Florida, together with facilities in Dubai and Toulouse. Both ATG and Jamco will operate as independent companies under a common ownership structure under Bain Capital and led by Kate Schaefer, who serves as Executive Chair of both companies. In addition to aerBlade for widebody fleets, ATG’s window shades are the standard option on Bombardier, Gulfstream and Textron Aviation’s (Cessna) leading business jet platforms. In recognition of its world class operations, ATG received Bombardier’s Diamond Supplier award in 2022 and 2023. Kate Schaefer Kate Schaefer, Executive Chair of Jamco, stated, “ATG is the first step in realising our vision to transform Jamco into the leading global platform for cabin interiors. The combination of ATG’s aerBlade product and Jamco’s business class seat offering, together with Jamco’s cabin modification and engineering certification capabilities, creates strong industrial logic for this combination.” Mario Ceste, CEO of ATG, remarked, “ATG has been supported by  Jacqueline Autry’s ownership for many years, and on behalf of all ATG employees we are deeply grateful. At the same time, we are excited for ATG’s new chapter of growth under Bain Capital’s ownership and see many new opportunities from partnership with Jamco.” Nick Gattas, Managing Director in Bain Capital’s Asia Private Equity team, stated “We are excited to partner with Mario and the ATG team for the next chapter of growth, and continuing ATG’s strong entrepreneurial culture focused on product innovation and customer support.” For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]