Independent Advisory · Private Equity
Defense-grade diligence for capital providers.
A113 gives private equity firms an unbiased, lender-ready view of defense and aerospace assets — grounded in proprietary appropriations intelligence and delivered on deal timelines. Independent. Fee-for-service. No position in your deal.
Why PE Outsources Defense-Tech Diligence
The hard questions are exactly the ones you don't run in-house.
The defense asset landscape is vast, the funding picture is opaque, and the questions that decide a deal are the hard ones — which is why the best firms bring in a specialist they can put in front of their lenders and IC. A113 delivers that view as an objective third party with no stake in the outcome.
An Advantage Generalist Diligence Firms Don't Have
We answer the question others can only guess at: is the demand funded?
The hardest question in any defense-tech deal is demand durability — is the program funded, is the budget line growing or sunsetting, will Congress keep appropriating against it through the hold period. A113 answers it from primary federal records, not survey inference: the actual budget trajectory that feeds your base case.
Funding trajectory scoring
1,000+ DoD R&D and procurement program element lines, scored by funding trajectory.
Congressional markup intelligence
HAC-D, SAC-D, HASC and SASC marks read for momentum and risk.
Phase II Cliff mapping
SBIR/STTR transition-risk exposure mapped per asset.
Primary sourcing
Federal procurement databases, budget justifications, and program records.
Valuable Before or After the LOI
When we engage.
The earlier we begin, the more our domain expertise compounds — but the read is decision-grade at any point in your process.
Before the data room
We begin before the data room opens, working with a single bidder while the asset is still contested. The highest-conviction read with the least information — where domain expertise matters most.
The commercial read
The three-to-four week commercial read that supports your price and satisfies your lenders.
The growth agenda
The value-creation plan that turns diligence findings into a focused growth agenda for management.
Method
We connect the dots. You keep the valuation; we supply the inputs.
Every diligence covers the same five questions — answered objectively, sourced primarily, and structured so your team can build directly on the conclusions.
Need-to-have vs. nice-to-have
Is the capability defended in the budget or discretionary — the distinction that decides demand durability.
Market size, growth, and TAM
How big, how fast, how durable — built from primary records, not survey inference alone.
Competitive position
Where the company sits and why, against the programs and primes that actually shape the field.
Purchase criteria & price sensitivity
How buyers decide and what they will pay — including pricing headroom as a value lever.
Strengths, weaknesses, and red flags
The objective diagnosis — the assessment an independent third party can put in front of an IC.
How we size the market.
Anchor in secondary research; segment the market.
Build up with primary surveys of decision-makers — buy this or a substitute; past / present / future intent; total spend.
Derive price from survey spend, or benchmark where data is thin.
Scale to market structure — targeted outreach to named decision-makers in concentrated defense markets.
Board-Ready, Lender-Ready
A decision-grade deck, not a spreadsheet.
Methodology and source count up front, executive summary, market perspective, and a fact-based narrative where every assertion is backed by an interview or secondary source — plus the TAM model and the interview scripts appended, so your team can audit the reasoning.
From Diligence to Growth
Five to seven things to do. And the things you won't.
Post-close, the diligence becomes a focused blueprint built with the management team — challenged with data, owned by the operators, not left on a shelf.
- ◆Pricing and discount discipline
- ◆Volume and demand generation
- ◆M&A into adjacent markets
- ◆Procurement and logistics savings
- ◆Supply-chain and forecasting efficiency
Why Us
Engagement
How we work.
Engagement model: advisory fee per mandate. A113 Partners takes no equity, carry, or success fees on diligence work — independence is the product, and it is priced as a service.
Scoped diligence sprint
Fixed-fee commercial diligence with a three-to-four week turnaround.
Pre-LOI exclusive advisory
Early, single-bidder retained engagement while the asset is still contested.
Value-creation blueprint
Post-close strategic engagement built with the management team.
Expert briefings & sector sessions
On-demand defense-tech SME access for deal teams.
Independent Advisory · Private Equity
Tell us the asset. We'll show you what we see.
Independent defense-tech diligence and value creation, on your deal timeline.