Odyssey Investment Partners has acquired Aero Precision Industries, a subsidiary of Greenwich AeroGroup, which is a portfolio company of Berkley Capital.
Aero Precision is a distributor of OEM aerospace parts for the military aftermarket. Customers include foreign militaries, MRO facilities and the US government. The company supplements its military parts distribution business with brokered repair services as well as with parts distribution within the commercial aviation and space markets. Aero Precision, led by its president Frank Cowle, is headquartered east of San Francisco in Livermore, CA with additional locations in San Francisco, Austin, and Tokyo (www.aeroprecision.com).
Greenwich AeroGroup provides aviation services, including MRO, CRO (component repair and overhaul), parts distribution and manufacturing services for business, commercial and military aircraft. The company acquired the operations that comprise Aero Precision in 2009 (DAC International and NASAM) and 2013 (Aero Precision). Greenwich AeroGroup is based in Wichita (www.greenwichaerogroup.com).
Odyssey Investment Partners makes control investments in middle-market companies in a variety of industries including industrial manufacturing; business, financial and healthcare services; aerospace products; and localized and route-based service businesses. The firm has approximately $4 billion of capital under management and has offices in New York and west of Los Angeles in Woodland Hills, CA (www.odysseyinvestment.com).
Berkley Capital is the private equity investment vehicle of W. R. Berkley Corporation, a Fortune 500 property and casualty insurance company. The firm makes both buyout and growth equity investments. Typical buyout investments will have EBITDAs from $5 million to $25 million and require equity investments of $10 million to $75 million. Growth equity investments can be as small as $5 million. Sectors of interest include financial, healthcare, aviation and business services. The firm is based in Miami (www.berkleycapital.com).
BlackArch Partners was the financial advisor to Berkley Capital. BlackArch was founded in 2010 by Kelly Katterhagen, Matt Salisbury, Drew Quartapella, and Bram Hall. The firm is headquartered in Charlotte with an additional office in Houston (www.blackarchpartners.com).
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