M&A Deal Summary

Avem Partners and True West Capital Partners Acquire Future Tech Metals

On August 28, 2018, private equity firms Avem Partners and True West Capital Partners acquired aerospace company Future Tech Metals

Acquisition Highlights
  • This is Avem Partners’ 1st and True West Capital Partners’ 1st transaction in the Aerospace sector.
  • This is Avem Partners’ 1st and True West Capital Partners’ 5th transaction in the United States.
  • This is Avem Partners’ 1st and True West Capital Partners’ 1st transaction in California.

M&A Deal Summary
Date 2018-08-28
Target Future Tech Metals
Sector Aerospace
Buyer(s) Avem Partners
True West Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Future Tech Metals

Riverside, California, United States
Future Tech Metals is a supplier of roughing and finishing services for aerospace forging manufacturers and specializes in working with hard, exotic alloys. Future Tech Metals was founded in 1998 and is based in Riverside, California.

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Buyer(S) 2

Buyer

Avem Partners

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Focused
DESCRIPTION

Avem Partners is a private equity firm focused on investing in opportunities throughout the aerospace industry. The Firm looks to commit $10 to $50 million of capital to support mid-sized, founder-owned companies with $15 to $200 million of revenue and at least $3 million of EBITDA. Avem Partners was established in 2017 and is headquartered in Manhattan Beach, California.

DEAL STATS #
Overall 1 of 2
Sector (Aerospace) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Astech

Santa Ana, California, United States

Astech is a provider of welded honeycomb metallic aerostructures to the global aerospace and defense industry. The company designs and manufactures an innovative product line of welded honeycomb metallic aerostructures for commercial and military aircraft, missiles, and space vehicles. Astech has a strong track record of helping customers achieve their goals of creating value and competitive advantage. Astech was founded in 1947 and is based in Santa Ana, California.

Buy -
Buyer

True West Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

True West Capital Partners is a private investment firm focused on lower middle-market company investments in the Western US. The Firm looks to commit $5 to $25 million into profitable businesses to support acquisitions, growth initiatives, buyouts, recapitalizations, and refinancings. True West does not have any sector preferences, but does avoid real estate, startups and project financings. True West Capital Partners was formed in 2009 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 5 of 20
Sector (Aerospace) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 6
State (California) 1 of 7
Country (United States) 5 of 20
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-01 P3 Services

Auburn, Washington, United States

P3 Services is a provider of plumbing installation and maintenance and repair services to the multi-family, light commercial, and single-family end markets with operations in Austin, Charlotte, Dallas, Houston, San Antonio, and Seattle. P3 Services was founded in 1985 and is based in Auburn, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-01 ERI Group

Golden, Colorado, United States

ERI Group is a provider of end-to-end solutions for medical device development, manufacturing, and regulatory approvals. ERI’s services turn a concept into a market-ready product. The Company specializes in electro-mechanical devices and full system solutions often integrated with the software. ERI Group was founded in 1988 and is based in Golden, Colorado.

Buy -
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