Graham Partners has made a majority investment in Desser Tire & Rubber Company and its affiliated companies; Aero Wheel & Brake Service Corporation and Cee Bailey’s Aircraft Plastics (collectively, “Desser”).
Desser is supplier of aircraft tires and tubes was well as other aviation products to customers in over 100 countries. The company also holds Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) approvals for high speed aircraft tire retreading and wheel and brake services, and produces aviation transparencies (aircraft windshields, windscreens, canopies, windows, etc…) for aftermarket applications. Desser has been family-owned and operated since 1920 and has been exclusively focused on aviation markets since 1985. The company is headquartered near Los Angeles in Montebello, CA and has an additional warehouse in Memphis (www.desser.com).
Graham Partners has been proactively seeking to make investments in the aviation product aftermarket and, according to Graham Partners, the Desser transaction was sourced on a proprietary basis as a result of this sector focus coupled with Graham’s experience and relationships in the aerospace industry. Graham Partners intends to leverage its operating resources and aviation products expertise to capitalize on Desser’s strong brand name and reputation. One of Graham’s strategic objectives is to expand Desser’s specialized aviation supplier capabilities by offering more products to its customer base.
“Desser is an established market leader with unparalleled name recognition among customers for aircraft tires and unique capabilities; we look forward to partnering with Desser’s management team to build upon Desser’s record of success as a specialized aviation product supplier,” said Chris Lawler, Managing Principal at Graham Partners.
Graham Partners seeks to acquire companies with EBITDA between $5 million and $50 million, and will invest in smaller companies as add-on acquisitions to existing portfolio companies. The firm is sponsored by the Graham Group, an industrial and investment concern with interests in plastics, packaging, machinery, building products and outsourced manufacturing. Graham Partners was founded in 1988 and is headquartered in Philadelphia (www.grahampartners.net).
“After being a family-owned business for nearly 100 years, we believe Graham Partners will provide resources to facilitate Desser’s growth and deliver expertise that will allow us to achieve our vision for Desser’s future potential,” said Steve Chlavin, CEO of Desser.
2014 PEPD • Private Equity’s Leading News Magazine • 8-21-14