ShoreView Acquires Pacific Aerospace & Electronics

ShoreView Acquires Pacific Aerospace & Electronics

PAE nf1ShoreView Industries, a Minneapolis-based private equity firm, has acquired Pacific Aerospace & Electronics, a subsidiary of Esterline Corporation.

Pacific Aerospace & Electronics (PA&E) manufactures electronic packaging and connector products and provides machining and sealing processes that protects equipment used in defense (fighter aircraft), medical (cardiac-function devices), energy (oil-drilling tools), and other industrial applications.  In 2006, PA&E was acquired by SOURIAU, a manufacturer of interconnect products based in Versailles, France.  Esterline acquired PA&E when it acquired the Souriau Group of companies in 2011. PA&E was founded in 2002 and is based east of Seattle in Wenatchee, WA (

ShoreView Industries makes control and minority investments in US-based middle market companies that have revenues from $20 million to $300 million and operating profits from $5 million to $40 million. Sectors of interest include manufacturing, distribution and service providers.  The firm currently has $900 million of capital under management and is based in Minneapolis (

Esterline (NYSE: ESL) is a specialty manufacturer serving the aerospace and defense markets.  Esterline announced in September 2014 that it would look to sell certain subsidiaries, including PA&E, that were no longer core to the company’s strategic direction.  Esterline is headquartered in Bellevue, WA (

Seattle-based investment Zachary Scott & Co. ( advised Esterline on this transaction.

© 2015 PEPD • Private Equity’s Leading News Magazine • 7-21-15

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