Selmet, a portfolio company of Blue Point Capital Partners, has acquired Western Metrology, a manufacturer of aerospace components. The Western transaction represents the second add-on acquisition for Selmet, which was acquired by Blue Point as a platform investment in November 2011. Selmet completed its first add-on acquisition in July 2014 with the purchase of Onamac Industries.
Western Metrology manufactures precision aerospace, commercial and military components. The company is based south of Portland in Wilsonville, OR (www.westernmet.com). “Western has exceptional knowledge and ability in machining and measuring complex castings, such as those manufactured by Selmet,” said Mark Morris, a partner with Blue Point. “Blue Point and Selmet have continued the acquisition growth initiative we started in 2013, and the Western acquisition enhances Selmet’s expertise and provides additional capacity for machining titanium castings.”
Selmet is a manufacturer of complex titanium investment castings for the aerospace and defense industries. Products include engine, airframe and other aircraft and military components. The company is based south of Portland in Albany, OR (www.selmetinc.com).
“With expertise in machining, CMM programming, development and inspection of titanium castings, Western has been one of Selmet’s strongest technical machining partners and is an ideal tuck-in for the platform,” said Rick Kenyon, CEO of Selmet. “The Western acquisition expands Selmet’s machining capabilities and immediately strengthens our inspection capabilities and talent.”
Blue Point Capital Partners is a lower middle market private equity firm that invests in manufacturing, distribution and service businesses generating $20 million to $200 million in revenue. The firm has over $800 million in committed capital and has offices in Charlotte, Cleveland, Seattle and Shanghai (www.bluepointcapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 3-10-15
