Consolidated Aerospace Manufacturing (CAM), a portfolio company of Tinicum, has acquired Moeller Manufacturing & Supply.
Moeller is a maker of metallic and non-metallic washers and spacers that are used in commercial aerospace and defense applications. The company has more than 16,000 SKU’s and sells its products to customers throughout the US, Australia, Israel, Germany, and France. Moeller was founded in 1978 and is headquartered in Anaheim, CA (www.moellermfg.com).
“As a private company with our name on the building, we didn’t just want a transaction – we wanted a proper home for our business of 40 years,” said Marsha Moeller, owner of Moeller Manufacturing & Supply. “CAM is a true fit for the next phase of Moeller.”
Consolidated Aerospace Manufacturing (CAM) is a group of manufacturers that supply components principally to the aerospace industry. The company is headquartered near Los Angeles in Brea, CA (www.conaeromfg.com).
CAM was formed in December 2012 in partnership with co-CEOs Jordan Law and David Werner and includes Bristol Industries, a Brea, CA-based maker of self-locking nuts and gang channels used by airframe and engine manufacturers; Aerofit, a Fullerton, CA-based maker of high- and low-pressure fluid fittings and systems for the aerospace, marine, nuclear, and oil and gas industries; Voss Industries, a Cleveland, OH-based manufacturer of couplings, flanges, and clamps for aerospace and industrial applications; 3V Fasteners, a Corona, CA-based maker of fasteners for aircraft and aerospace applications; and QRP, a Leland, NC-based manufacturer of quick release pins, and latches used in the commercial aerospace and military markets.
“We are very pleased to add Moeller to the CAM family,” said Gabriel Yuen, a Partner at Tinicum. “The addition of Moeller helps CAM continue to strengthen its position as a leading aerospace components manufacturer in the global aerospace industry.”
Tinicum is a family office founded to manage the holdings of the Ruttenberg family and began managing outside capital in 1998. The firm makes control equity investments of $30 million to $150 million in public and privately held companies in a wide range of industries. Tinicum is currently investing out of Tinicum LP, a $1.6 billion fund which closed in 2012. Tinicum has offices in New York and San Francisco (www.tinicum.com).
Investment bank D.A. Davidson & Co. (www.dadavidson.com) was the financial advisor to Moeller on this transaction. “We are delighted to have advised Moeller on this transaction,” said Paul Weisbrich, a Managing Director at D.A. Davidson. “As aerospace & defense industry specialists, we were able to secure the very best acquirer in the marketplace today for a private, closely-held, Class C parts manufacturer.” The aerospace and defense c-class parts market includes low cost and high volume commodity parts such as fasteners and bearings.
Tinicum and CAM continue to seek additional opportunities to acquire manufacturers of aerospace parts and components.
© 2018 Private Equity Professional | March 1, 2018
