The Carlyle Group Acquires Paradigm Precision
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The Carlyle Group Acquires Paradigm Precision

Dynamic Precision Group, a portfolio company of The Carlyle Group, has acquired Paradigm Precision Holdings, a provider of engineered components for turbine engines.

Paradigm Precision is a manufacturer of a diverse range of turbine engine and other machined products ranging from close tolerance parts to multi-level, highly complex assemblies. The company serves the commercial aerospace, defense and energy end markets.  Paradigm has more than 600 employees and operates from six primary locations in Peabody (headquarters) and Malden, MA; East Berlin, CT; Tempe, AZ; Guaymas, Mexico; and Tunis, Tunisia (www.paradigmprecision.com).

“We are impressed with Paradigm’s broad capabilities and product portfolio on both current and next-generation engine platforms, and are excited about the combination of these two precision component manufacturers,” said Adam Palmer, Managing Director and Head of Carlyle’s Global Aerospace, Defense and Government Services team.

Acquisition financing was arranged by RBS Citizens and SunTrust Robinson Humphrey.  Dynamic Precision Group and Carlyle were advised by Latham & Watkins and PricewaterhouseCoopers.  Paradigm Precision was advised by Lazard Freres.

Dynamic Precision Group (DPG) was created by The Carlyle Group and AeroEquity Partners in December 2011 to build a platform of manufacturers of critical components for the hot section of commercial and military aircraft engines and industrial gas turbines.  In addition to the acquisition of Paradigm Precision Holdings, DPG has acquired TurboCombustor Technology, a manufacturer of critical aircraft engine components, predominantly combustors and flameholders/heatshields.  TurboCombustor Technology operates facilities in Stuart, FL; Cincinnati, OH; and Budapest, Hungary (www.tct-inc.com).

“We are excited about the addition of Paradigm, its global footprint, and the technical know-how it brings to Dynamic Precision Group.  Paradigm supports our strategy of delivering complex engine components to our customer base,” said Greg Bennett, President and CEO of Dynamic Precision Group.

The Carlyle Group invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. The Carlyle Group employs 1,300 people in 32 offices across six continents and is based in Washington, DC (www.carlyle.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 2-1-13

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