Audax-backed FDH acquires PDQ Airspares

Fastener Distribution Holdings, a portfolio company of Audax Private Equity, has acquired UK-based PDQ Airspares, a provider of of aerospace consumables and provider of supply chain management services to MRO and airline customers. No financial terms were disclosed.

PRESS RELEASE

ARLINGTON, Texas–(BUSINESS WIRE)–Fastener Distribution Holdings (“FDH”), a portfolio company of Audax Private Equity, announced it has acquired PDQ Airspares (“PDQ”), a Fordingbridge, U.K.-based distributor of aerospace consumables and provider of supply chain management services to MRO and airline customers. PDQ broadens FDH’s aftermarket presence and expands FDH’s international operating footprint through its facilities in the U.K., Poland, Singapore, and China.

Scott Tucker, CEO of FDH, said, “PDQ is a clear leader in the MRO and consumables distribution space with an excellent reputation and leadership team. The acquisition contributes to our focus on driving growth both organically and through strategic acquisitions.”

Nic Lewis, CEO of PDQ, said, “We are excited to join Scott and the FDH team as we continue to grow our combined businesses. We continue to be committed to delivering the same high level of service and consistency that our customers expect.”
PDQ is FDH’s fourth acquisition, and second completed since Audax Private Equity invested in the company in 2017.

ABOUT FDH
FDH is a leading distributor of c-class hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, and component distributors through three divisions: Arlington International Aviation Products (“AIAP”), based in Arlington, Texas, and Aircraft Fasteners International (“AFI”) and Blue Sky Industries based in Monterey Park, California. For more information, please visit www.aiapinc.com, www.aircraftfast.com, www.blueskyindustries.com.

ABOUT AUDAX PRIVATE EQUITY
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested over $5 billion in 117 platform and 706 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.