M&A Deal Summary

FDH Aero Acquires BJG Electronics Group

On April 27, 2023, FDH Aero acquired electronics company BJG Electronics Group from RockWood Equity Partners

Acquisition Highlights
  • This is FDH Aero’s 1st transaction in the Electronics sector.
  • This is FDH Aero’s 6th transaction in the United States.
  • This is FDH Aero’s 1st transaction in New York.

M&A Deal Summary

Date 2023-04-27
Target BJG Electronics Group
Sector Electronics
Buyer(s) FDH Aero
Sellers(s) RockWood Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

BJG Electronics Group

Ronkonkoma, New York, United States
BJG Electronics Group is a value-added distributor and light manufacturer of high-reliability electronic components serving the defense, commercial aerospace, and business aviation markets. BJG Electronics Group was founded in 1979 and is based in Ronkonkoma, New York.

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Buyer(S) 1

Buyer

FDH Aero

Commerce, California, United States

Category Company
Sector Aerospace
DESCRIPTION

FDH Aero is a distributor of c-class hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, component distributors, and MRO/aftermarket solution providers. FDH Aero is headquartered in Commerce, California, and has operations across North America, Europe, and Asia.


DEAL STATS #
Overall 9 of 9
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 9 of 9
State (New York) 1 of 1
Country (United States) 6 of 6
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Calco Aerospace

Fort Worth, Texas, United States

Calco Aerospace is a distributor of fasteners and hardware for the aerospace and defense industry. Calco has grown to a company that supports more than 1,100 customers across the globe. In addition to stocking millions of fasteners, nuts, bolts, bearings, and more. Calco Aerospace was founded in 2000 and is based in Fort Worth, Texas.

Buy -

Seller(S) 1

SELLER

RockWood Equity Partners

Shaker Heights, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

RockWood Equity Partners is a private equity firm looking to acquire profitable lower-middle market North American companies generating sales of $10 to $75 million and EBITDA of $2 to $7 million. Target transaction types include management buyouts, recapitalizations, growth equity financings, and divestitures. Sectors of interest include aerospace, defense, healthcare, industrials/industrial technology, and business services. RockWood Equity Partners was formed in 1999 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 20 of 21
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 10 of 10
State (New York) 4 of 4
Country (United States) 18 of 19
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 NG Companies

Longmont, Colorado, United States

NG Companies is a provider of underground damage prevention solutions to infrastructure, utility, telecom and transportation markets. NG Companies has grown to become a comprehensive specialty equipment operator and service provider focused on soft digging services used in utility locating, specialty excavation and material removal. NG currently serves a national customer base in the utility, municipal, infrastructure, telecommunication, energy and transportation markets across six U.S. states. NG Companies was founded in 2009 and is based in Longmont, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 AMACS

Houston, Texas, United States

AMACS provides solutions for a wide range of separation applications, including mist eliminators, mass transfer products, and wedge wire screen products. AMACS has a diverse, global customer base across a variety of growing end markets, including chemicals, oil, and gas, wastewater, and power generation, among others. AMACS was founded in 1991 and is based in Houston, Texas.

Sell -