M&A Deal Summary

Stellex Capital Management Acquires RTC Aerospace

On March 21, 2022, private equity firm Stellex Capital Management acquired aerospace company RTC Aerospace from Yukon Partners and Sorenson Capital

Acquisition Highlights
  • This is Stellex Capital Management’s 2nd transaction in the Aerospace sector.
  • This is Stellex Capital Management’s 18th transaction in the United States.
  • This is Stellex Capital Management’s 2nd transaction in California.

M&A Deal Summary

Date 2022-03-21
Target RTC Aerospace
Sector Aerospace
Buyer(s) Stellex Capital Management
Sellers(s) Yukon Partners
Sorenson Capital
Deal Type Secondary Buyout

Target

RTC Aerospace

Chatsworth, California, United States
RTC Aerospace is a provider of precision manufacturing of hydraulic landing and other precision components to aerospace and defense customers. RTC Aerospace was formed in 1957 and is based in Chatsworth, California.

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Buyer(S) 1

Buyer
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $75 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York, New York.


DEAL STATS #
Overall 21 of 39
Sector: Aerospace M&A 2 of 3
Type: Secondary Buyout M&A Deals 7 of 10
State: California M&A 2 of 5
Country: United States M&A 18 of 29
Year: 2022 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 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
2022-08-31 Hodess

Attleboro, Massachusetts, United States

Hodess provides design, engineering, and construction management services for cleanroom and dry room projects of various sizes and ISO classifications across North America. Hodess was founded in 1971 and is based in Attleboro, Massachusetts.

Buy -

Seller(S) 2

SELLER

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 25 of 29
Sector: Aerospace M&A 1 of 1
Type: Secondary Buyout M&A Deals 14 of 17
State: California M&A 3 of 3
Country: United States M&A 24 of 28
Year: 2022 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Stonewall Kitchen

York, Maine, United States

Stonewall Kitchen is a specialty food and home goods producer selling jams and jellies at local farmers' markets with a flavorful line of distinctive and high-quality products. Stonewall expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service. Stonewall Kitchen was founded in 1991 and is based in York, Maine.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Captain D s

Nashville, Tennessee, United States

Captain D's owns, operates, and franchises some 500+ restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. Captain D's was founded in 1969 and is based in Nashville, Tennessee.

Buy -
SELLER

Sorenson Capital

Lehi, Utah, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sorenson Capital is a private equity firm that seeks to support buyout and growth capital financings of lower middle-market companies. Sorenson invests across a broad range of industries and generally pursues companies with significant market share, high barriers to entry, fragmented industry competition, motivated managment, and sustainable pricing and profit margins. Target businesses typically have sales of $30 to $300 million with earnings of $3 to $25 million. Sorenson's geographic preference is for opportunities in the Mountain West and West Coast regions of the US. Sorenson raised its inaugural fund in 2004 and is based in Lehi, Utah.


DEAL STATS #
Overall 28 of 30
Sector: Aerospace M&A 2 of 2
Type: Secondary Buyout M&A Deals 5 of 6
State: California M&A 5 of 5
Country: United States M&A 27 of 29
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Depcom Power

Scottsdale, Arizona, United States

Depcom Power is a development support, engineering procurement & construction (EPC), and operations & maintenance (O&M) services provider for the Utility-Scale Solar industry. Depcom Power was founded in 2013 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-18 Wilson Electronics

St. George, Utah, United States

Wilson Electronics is a wireless communications company focused on designing and manufacturing high-performance cell phone signal boosters. The company's cellular signal boosters overcome the problem of dropped calls, limited range and reduced data rates for cell phones and data cards by amplifying weak cellular signals. It's powerful bidirectional cellular amplifiers provide the highest receiver sensitivity in the industry and protect cell sites by preventing oscillation and overload. Wilson Electronics was formed in 1966 and is based in St. George, Utah.

Sell -