Graham Buys Maker of Niche Damping Systems

Graham Partners has acquired Damping Technologies, a maker of vibration damping systems.

Damping Technologies (DTI) designs and manufactures highly engineered damping systems that are used in aerospace, defense, and space applications for vibration and noise control.

Damping technologies, like those of DTI, are used to dissipate or reduce by friction, and other resistance mechanisms, the energy of a vibrating system. The company is benefiting from the increased use of composite materials in aircraft manufacturing, which reduces weight for improved fuel efficiency, but also results in increased noise and vibration in-flight – increasing the need for damping and vibration control products.

DTI is headquartered near South Bend in Mishawaka, Indiana and maintains a database of proprietary formulations of metals, elastomers, plastics, polymers, glass enamels, and composites; has customized modeling, prototyping and testing capabilities; and high in-house technical and engineering expertise. The company was founded in 1989 by President Michael Parin.

“DTI’s blue-chip customer base, extensive technical capabilities, and unique product offerings, along with growing demand for damping technologies in the aerospace market, offer exciting opportunities for this investment,” said Steven Graham, CEO of Graham Partners.

“The combination of DTI’s niche leadership position and Graham’s experience in the aerospace industry makes DTI an ideal acquisition candidate for Graham,” said Chris Lawler, a managing principal at Graham Partners. “We are excited to partner with the strong team at DTI and utilize our expertise and network of industry experts to fuel the company’s growth.”

Philadelphia-based Graham Partners acquires 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.

© 2019 Private Equity Professional | November 14, 2019

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