Graycliff Partners Makes Acquisition, Forms New Aerospace Platform

Venture Aircraft, a supplier to the aerospace industry and a portfolio company of Graycliff Partners, has acquired certain assets of Swift-Cor Aerospace. The combined entity will operate under the new name of Impresa Aerospace. “We are pleased to announce the creation of Impresa Aerospace. The combination of Venture and Swift-Cor’s assets and services, coupled with the experience and expertise of our new management team, uniquely positions the company for a new and exciting phase of growth,” said Duke Punhong, Principal, Graycliff Partners. “In addition, the acquisition of Swift-Cor gives the Impresa team additional assets and capabilities to better service customers experiencing increases in aircraft build rates.”

Impresa provides engineering, manufacturing, and assembly services to Tier 1 and Tier 2 companies in the aerospace industry. The company has contracts with Boeing, Spirit Aerosystems, Sikorsky, Lockheed Martin and Gulfstream. Notable commercial programs include the Boeing 787, 777, 747, 737; Airbus A330 and A340; and Gulfstream G650. Impresa supports various defense-related programs, including Boeing’s Apache Helicopter, C-17 and F-18; Sikorky’s Black Hawk helicopter, and the Lockheed Martin C130. The company was founded in 1973 and is based in Gardena, CA (www.impresaaerospace.com).

“The creation of Impresa was a ‘golden opportunity.’ The companies were similar in many ways, including the production lines, work ethic, work statements, and the customer base. When you consider the state of the industry, with demanding delivery schedules and increasing pressure on costs, building Impresa based on the strongest aspects of Venture and Swift-Cor just made sense,” said Jim Dauw, CEO of Impresa Aerospace.

Graycliff Partners is an independent investment firm focusing on middle market private equity, mezzanine and real estate investments in the United States and Latin America. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed in excess of 80 transactions. The firm has offices in New York, NY and São Paulo, Brazil (www.graycliffpartners.com).