Angeles Equity-backed Primus Aerospace acquires manufacturer Raloid

• Primus Aerospace produces complex machine components and integrated assemblies for the aerospace national defense and space sectors
• Simpson Thacher & Bartlett LLP served as legal advisor for Primus on the deal
• Raloid, which is headquartered in Reisterstown, Maryland, was founded in 1964

Primus Aerospace, which is backed by Angeles Equity Partners, LLC, has acquired Raloid Corporation, a provider of critical components for several strategic defense programs. No financial terms were disclosed.

Raloid will continue to operate under its existing brand name.

On the acquisition, Nick McGrath, chief financial officer of Primus Aerospace, said in a statement: “We are proud to add Raloid to the Primus platform. Raloid’s legacy of performance and capabilities make it an ideal addition to Primus.”

Raloid offers value-added services, including precision component manufacturing, chemical plating, assembly and integration, non-destructive testing, and complete build-to-print program management. The company’s clients include Raytheon, Lockheed Martin, and other leading defense contractors.

Simpson Thacher & Bartlett LLP served as legal advisor for Primus.

Raloid Corporation is headquartered in Reisterstown, Maryland. Since 1964, Raloid has been machining components and subassemblies for aerospace, defense, and space platforms.

Founded in 1998, Primus Aerospace produces complex machined components and integrated assemblies for the aerospace national defense and space sectors.

Angeles Equity Partners is a lower middle-market private equity firm that focuses on underperforming industrial businesses.