JW Hill Capital has acquired Bandy Machining, a maker of precision-machined aircraft hinges, from GKN Aerospace.
Bandy Machining manufactures complex, close-tolerance hinges that are used on numerous commercial and military platforms. The company’s expertise includes proprietary drilling processes that allow Bandy to manufacture long hinge lengths at very tight tolerances across a variety of materials including titanium, aluminum, stainless steel and bronze. Bandy produces over 100,000 hinges per year. The company, led by General Manager Steve Alexander, is headquartered near Los Angeles in Burbank, CA (click HERE for the Bandy website).
GKN is a British multinational automotive and aerospace components company headquartered near Birmingham in Redditch, UK (www.gkn.com).
JW Hill Capital invests in lower-middle market manufacturing, value-added distribution, and industrial service companies that have between $2 million and $10 million of EBITDA. The firm is led by its Managing Partner John Hill and is based in Newport Beach, CA (www.jwhill.com).
“We are excited about partnering with the team to build on the legacy of the Bandy brand,” said Mr. Hill. “We look forward to expanding the capabilities of the business to serve the aerospace hinge market.”
DA Davidson (www.dadavidson.com) served as the financial advisor to JW Hill Capital on this transaction.
© 2017 Private Equity Professional | August 22, 2017
