Corinthian Capital’s GroupAero Recaps NC Dynamics

Private equity firm Corinthian Capital Group announced Wednesday that its portfolio company GroupAero has recapitalized NC Dynamics Inc. NC Dynamics, based in Long Beach, CA, engineers, manufactures and assembles sophisticated machined structures for the commercial aerospace and defense industry. Terms of the deal were not released.

PRESS RELEASE

Corinthian Capital Group, LLC, a private equity firm specializing in investments in small and middle market companies, has announced that it has completed the recapitalization of NC Dynamics Incorporated by GroupAero, a portfolio company of Corinthian Capital.   NC Dynamics, based in Long Beach, CA, engineers, manufactures and assembles sophisticated machined structures for the commercial aerospace and defense industry.

 

“We look forward to this partnership,” stated Randall Bazz, Chief Executive Officer of NC Dynamics. “Having Corinthian as a partner will provide us with additional growth capital and joining GroupAero will help us accelerate the growth of our business by expanding our product and service offerings and building on strategic relationships.”  “The proven management team at NC Dynamics, together with the other divisions of GroupAero, Stadco and Valley Tool & Manufacturing, will be able to market a uniquely integrated set of manufacturing capabilities to its aerospace and defense customers,” said Peter Van Raalte, Senior Managing Director of Corinthian Capital.

 

D.A. Davidson & Co. advised NC Dynamics.  The law firm Golenbock Eiseman Assor Bell & Peskoe LLP advised Corinthian Capital.  Comerica Bank provided a senior debt facility and Brookside Mezzanine Partners, Patriot Capital and Catalus Capital provided mezzanine financing.  For more information on the transaction, please contact Peter Van Raalte.

 

For more information about NC Dynamics visit www.ncdynamics.com.

 

About Corinthian Capital Group, LLC

Corinthian Capital invests in unique niche manufacturing, distribution, and service businesses with EBITDA between $5 million and $30 million, located primarily in North America.