M&A Deal Summary

Noranco Acquires Arnold Engineering

On December 30, 2013, Noranco acquired aerospace company Arnold Engineering from HKW

Acquisition Highlights
  • This is Noranco’s 1st transaction in the Aerospace sector.
  • This is Noranco’s 1st transaction in the United States.
  • This is Noranco’s 1st transaction in California.

M&A Deal Summary
Date 2013-12-30
Target Arnold Engineering
Sector Aerospace
Buyer(s) Noranco
Sellers(s) HKW
Deal Type Add-on Acquisition

Target

Arnold Engineering

Corona, California, United States
Arnold Engineering is a contract manufacturer of complex machined parts and assembly structures for leading military and commercial aerospace customers.

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Buyer(S) 1

Buyer

Noranco

Pickering, Ontario, Canada
Category Company
Founded 1975
Sector Aerospace
DESCRIPTION

Noranco is a diversified manufacturer and supplier of high quality metal parts and assemblies to the aerospace industry.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.

DEAL STATS #
Overall 19 of 38
Sector (Aerospace) 3 of 3
Type (Add-on Acquisition) 10 of 19
State (California) 3 of 5
Country (United States) 18 of 30
Year (2013) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-06 Visioneering

Auburn Hills, Michigan, United States

Visioneering is a designer, manufacturer, and installer of complex, high-quality fabrication, assembly, and automation tooling systems for the aerospace and defense industry. Visioneering was founded in 1953 and is based in Auburn Hills, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 RST Instruments

Maple Ridge, British Columbia, Canada

RST Instruments is a manufacturer and marketer of geotechnical measurement instruments for engineering and consulting firms, oil and gas, mining, utility, and other sectors. R.S.T. Instruments is based in Maple Ridge, British Columbia. RST Instruments was founded in 1977 and is based in Maple Ridge, British Columbia.

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