M&A Deal Summary

Housatonic Partners, Tucker Partners and Patriot Capital Acquire Aircraft Fasteners International

On November 6, 2007, private equity firms Housatonic Partners, Tucker Partners and Patriot Capital acquired distribution company Aircraft Fasteners International for 14M USD

Acquisition Highlights
  • This is Housatonic Partners’ 1st, Tucker Partners’ 1st and Patriot Capital’s 2nd transaction in the Distribution sector.
  • This is Housatonic Partners’ , Tucker Partners’ and Patriot Capital’s largest (disclosed) transaction.
  • This is Housatonic Partners’ 37th, Tucker Partners’ 2nd and Patriot Capital’s 16th transaction in the United States.
  • This is Housatonic Partners’ 11th, Tucker Partners’ 2nd and Patriot Capital’s 2nd transaction in California.

M&A Deal Summary

Date 2007-11-06
Target Aircraft Fasteners International
Sector Distribution
Buyer(s) Housatonic Partners
Tucker Partners
Patriot Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 14M USD

Target

Aircraft Fasteners International

Monterey Park, California, United States
Aircraft Fasteners International LLC is a distributor specializing in self-locking nuts, threaded inserts, and related high performance hardware for the aerospace, electronics and defense industries. Aircraft Fasteners International was founded in 1964 and is based in Monterey Park, California.

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Buyer(S) 3

Buyer

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 37 of 79
Sector (Distribution) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 24 of 33
State (California) 11 of 17
Country (United States) 37 of 73
Year (2007) 3 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 FDH Aero

Commerce, California, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 ProService Hawaii

Honolulu, Hawaii, United States

ProService Hawaii provides HR solutions & also provides bundled solutions include configured HR technology, payroll, scheduling, HR consultations, health benefits management, administrative & risk management, workers’ compensation, 401(k), and regulatory compliance. ProService Hawaii was founded in 1994 and is based in Honolulu, Hawaii.

Buy -
Buyer

Tucker Partners

Corona Del Mar, California, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Tucker Partners is a private investment firm focused on acquisitions of growth-oriented middle-market businesses. Tucker Partners looks for companies with revenues between $25 and $500 million, and prefers companies located in California or other western states. The Firm has a special interest in distributors that supply products and services to manufacturing or processing companies. These businesses may provide value added services such as: importing/exporting, assembly, packaging and light manufacturing. Additional sectors of interest include industrial supplies and equipment, aerospace, defense, electrical products, healthcare, food and beverage, consumer products, and business services. Tucker Partners is based in Corona Del Mar, California.


DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2007) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 FDH Aero

Commerce, California, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 FDH Aero

Commerce, California, United States

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.

Sell -
Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 16 of 109
Sector (Distribution) 2 of 6
Type (Buyout (LBO, MBO, MBI)) 9 of 34
State (California) 2 of 12
Country (United States) 16 of 109
Year (2007) 4 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-20 Towne Park

Annapolis, Maryland, United States

Towne Park is a provider of contracted hospitality services and parking systems nationwide. Towne Park was founded in 1988 and is based in Annapolis, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-27 PRI Group

Bensenville, Illinois, United States

PRI Group is one of the leading processors and brokers of recycled paper and plastics serving the Chicago area. Patriot and Allegiance supported the management buyout with a combination of preferred stock and subordinated debt capital.

Buy -