Riverspan Acquires United Titanium in Specialty Alloy Fastener Deal
September 17, 2025|John McNulty
Riverspan Partners has acquired United Titanium, a manufacturer of fasteners and components used in aerospace, defense, and medical applications.
United Titanium manufactures more than 14,000 SKUs of precision-engineered fasteners, fittings, and components – made from specialty metals such as titanium, zirconium, and tantalum – including hex head bolts, socket head cap screws, and pipe fittings. These products are used by customers in the aerospace, defense, medical, dental, marine, petrochemical, and electronics sectors, where corrosion resistance and strength are critical.
Source: United Titanium
United Titanium was founded in 1962 by Dick Reardon and is currently led by his son, President Mike Reardon. The company is headquartered 40 miles southwest of Akron in Wooster, Ohio.
“We have built a remarkable business together over the past five decades, and I am thrilled that the team has found an ideal partner for the next chapter,” said Mr. Reardon. “Riverspan deeply appreciates the people and processes that have contributed to our success and is keen to build on those strengths to capitalize on the significant growth opportunities in our core markets. Their expertise will help United Titanium to reinforce its commitment to quality, innovation and high-touch service through further investment in our people and technology. I am excited to see the company continue to prosper.”
“We have tremendous respect for the outstanding business that the talented United Titanium team has built, and we are excited to build on that rich legacy,” said Dave Thomas, a partner at Riverspan. “With a leading market position, long-term customer relationships, a strong team and secular tailwinds across its end-markets, the company is exceptionally positioned for its next chapter. We are committed to ensuring that United Titanium continues to deliver mission-critical solutions, innovation and service to its customers.”
According to Verified Market Research’s“2024 Titanium Fasteners Market Size and Forecast,” the global titanium fasteners market, valued at approximately $4.3 billion in 2023, is projected to reach $7.2 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.5% from 2024 onward. This expansion is primarily driven by surging demand in the aerospace and defense sectors, where titanium’s lightweight, high-strength, and corrosion-resistant properties make it ideal for critical components in aircraft and spacecraft. Additional growth stems from applications in automotive, medical devices, and marine industries, fueled by advancements in manufacturing technologies and a push for sustainable, lightweight materials amid rising global infrastructure investments.
Riverspan Partners invests in lower middle-market industrial businesses, including industrial services and testing and inspection, with EBITDA between $5 million and $35 million. Riverspan was founded in 2022 by John Gilligan and Dave Thomas and is headquartered in Chicago.
Lincoln International was the financial advisor to Riverspan and KeyBanc Capital Markets advised United Titanium.
Riverspan Partners has acquired United Titanium, a manufacturer of fasteners and components used in aerospace, defense, and medical applications.
“We have tremendous respect for the outstanding business that the talented United Titanium team has built, and we are excited to build on that rich legacy,” said Dave Thomas, a partner at Riverspan. “With a leading market position, long-term customer relationships, a strong team and secular tailwinds across its end-markets, the company is exceptionally positioned for its next chapter. We are committed to ensuring that United Titanium continues to deliver mission-critical solutions, innovation and service to its customers.”
