M&A Deal Summary

Testek Solutions Acquires Avtron Aerospace

On October 14, 2019, Testek Solutions acquired aerospace company Avtron Aerospace from CW Industrial Partners and Bratenahl Capital Partners

Acquisition Highlights
  • This is Testek Solutions’ 1st transaction in the Aerospace sector.
  • This is Testek Solutions’ 1st transaction in the United States.
  • This is Testek Solutions’ 1st transaction in Ohio.

M&A Deal Summary

Date 2019-10-14
Target Avtron Aerospace
Sector Aerospace
Buyer(s) Testek Solutions
Sellers(s) CW Industrial Partners
Bratenahl Capital Partners
Deal Type Add-on Acquisition

Target

Avtron Aerospace

Cleveland, Ohio, United States
Avtron Aerospace, Inc. is a designer and manufacturer of electrical, electronic, and hydraulic aircraft component test solutions for the global commercial and military aerospace markets. Avtron Aerospace was founded in 1953 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Testek Solutions

Wixom, Michigan, United States

Category Company
Founded 1969
Sector Aerospace
DESCRIPTION

Testek Solutions designs, manufactures, and supports highly reliable aerospace and defense test equipment and testing facilities for OEMs, MROs, and operators. Testek Solutions was founded in 1969 and is based in Wixom, Michigan.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 2

SELLER

CW Industrial Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CW Industrial Partners is an industrial-focused private equity firm that is backed by knowledgeable investors who partner with it in finding, vetting, and owning companies. CW Industrial Partners acquires lower middle-market companies in manufacturing and industrial services industries and provides capital, support, and freedom to grow. CW Industrial Partners was founded in 1999 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 14 of 17
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 8 of 10
State (Ohio) 5 of 6
Country (United States) 12 of 15
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 Chemtron

Avon, Ohio, United States

Chemtron is a provider of environmental services to an array of industries both private and public. Chemtron offers total environmental solutions ranging from ordinary to even the most challenging. Chemtron was formed in 1964 and is based in Avon, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Gemcity Engineering and Manufacturing

Dayton, Ohio, United States

Gemcity Engineering and Manufacturing is a contract and specialized equipment manufacturer of highly engineered products serving the defense, healthcare, semiconductor, and industrial machinery markets. Gemcity Engineering and Manufacturing is based in Dayton, Ohio.

Sell -
DESCRIPTION

Bratenahl Capital Partners is a family-backed private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 23 of 26
Sector (Aerospace) 3 of 3
Type (Add-on Acquisition) 11 of 12
State (Ohio) 7 of 7
Country (United States) 19 of 22
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-14 CPP

Cleveland, Ohio, United States

CPP is an aerospace casting manufacturer and offers both sand and investment casting capabilities. The company specializes in producing complex, mission-critical components for a variety of leading commercial and military aircraft and regional/business jets, as well as industrial gas turbines. CPP was founded in 1991 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-23 American Safety Council

Orlando, Florida, United States

American Safety Council is a provider of e-Learning training solutions to address transportation and workplace safety, testing, medical continuing education, and other regulatory-driven training on behalf of the government, institutions of higher learning, business, and industry, and individual clients. American Safety Council was founded in 1998 and is based in Orlando, Florida.

Sell -