M&A Deal Summary

EDAC Technologies Acquires Parkway Aerospace & Defense/Parkway Products

On July 15, 2013, EDAC Technologies acquired aerospace company Parkway Aerospace & Defense/Parkway Products from Parkway Products

Acquisition Highlights
  • This is EDAC Technologies’ 2nd transaction in the Aerospace sector.
  • This is EDAC Technologies’ 6th transaction in the United States.
  • This is EDAC Technologies’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2013-07-15
Target Parkway Aerospace & Defense/Parkway Products
Sector Aerospace
Buyer(s) EDAC Technologies
Sellers(s) Parkway Products
Deal Type Divestiture

Target

Parkway Aerospace & Defense/Parkway Products

Erlanger, Kentucky, United States
Parkway Aerospace & Defense’s rapidly expanding composites-focused business.

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Buyer(S) 1

Buyer

EDAC Technologies

Farmington, Connecticut, United States
Category Company
Founded 1946
Sector Aerospace
Employees480
DESCRIPTION

EDAC Technologies is a diversified designer, manufacturer and servicer of precision components for aerospace and industrial applications. EDAC offers design and manufacturing services for commercial and military aircraft, in such areas as jet engine parts, special tooling, equipment, gauges and components used in the manufacture, assembly and inspection of jet engines.

DEAL STATS #
Overall 6 of 7
Sector (Aerospace) 2 of 3
Type (Divestiture) 3 of 3
State (Kentucky) 1 of 1
Country (United States) 6 of 7
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-11 Smith-Renaud

Cheshire, Connecticut, United States

Smith-Renaud, Inc. is a privately-owned developer and remanufacturer of turnkey centerless grinding systems and a designer/manufacturer/rebuilder of custom precision spindles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-22 EDAC - Aerospace Components Manufacturing Division

Cheshire, Connecticut, United States

EDAC - Aerospace Components Manufacturing Division

Sell $340M

Seller(S) 1

SELLER

Parkway Products

Greenville, South Carolina, United States
Category Company
Founded 1946
Sector Plastics
DESCRIPTION

Parkway Products is a supplier of custom plastic and magnesium molded parts to the automotive, aerospace, medical and industrial markets. Parkway Products was founded in 1946 and is based in Greenville, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 LMR Plastics

Greeneville, Tennessee, United States

LMR Plastics Corp. is a trusted and ethical, financially stable manufacturing company. Company specialize in custom precision injection molding. Company offers exceptional client service combined with our superior capabilities in custom precision injection molding.

Buy -
Mergr

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