Corinthian Capital Buys STADCO

Corinthian Capital Group has acquired STADCO, a Los Angeles-based maker of components and tooling for the commercial aerospace and defense markets, from Omninet Capital. No financial terms were disclosed.

PRESS RELEASE

Omninet Capital, LLC, a privately held investment firm, is pleased to announce the sale of STADCO to Corinthian Capital Group, LLC, a New York-based private equity firm specializing in investments in small and middle market companies. STADCO, headquartered in Los Angeles, CA, is a leading designer and manufacturer of components and tooling for the commercial aerospace and defense markets. Leveraging an integrated set of capabilities, an industry-leading electron beam welding process, as well as the ability to execute large and complex jobs, STADCO has developed an outstanding reputation among a wide range of commercial aerospace and military customers for producing cost-efficient, precision engineered solutions for tooling, assemblies and components.

STADCO is a key supplier of large, flight-critical components on several high-priority commercial and military platforms. Douglas Paletz, President of STADCO, said: “We are looking forward to the opportunity to benefit from Corinthian Capital’s expertise in business development and taking our business to the next level in the coming years.”

Benjamin Nazarian, CEO of STADCO and Managing Partner of Omninet Capital, remarked: “The principals of Omninet have been owners and executives of STADCO for over thirty years. During this period, STADCO has maintained an excellent reputation for high precision machining of the most complex parts. We are very proud of STADCO’s critical contribution to high priority programs such as the Airbus A380 and F-35 Joint Strike Fighter. Doug Paletz and his team have done an outstanding job to continue the culture of quality and innovation. We believe that Corinthian will be an excellent partner to propel the company’s future growth.”

Peter Van Raalte, Senior Managing Director of Corinthian Capital, said: “We are very excited to partner with STADCO’s outstanding management team. In conjunction with Corinthian Capital, the company is well positioned to grow in the aerospace tooling and machining markets. Given the strong pipeline of new commercial and military aircraft, STADCO will continue to supply tooling for the next generation of carbon fiber aircraft as well as large machined parts for satellite launch and space exploration.”

BB&T Capital Markets | Windsor Group served as the exclusive financial advisor for the shareholders of STADCO.

About Omninet Capital, LLC
Beverly Hills-based Omninet Capital is a diversified investment firm concentrating in the fields of middle market private equity, late stage venture capital and real estate. Omninet’s principals were instrumental in the creation of Qualcomm, a leader in wireless communications, providing the foundation for the firm’s proactive management style. Omninet invests the capital of its principals, thereby allowing the firm to efficiently execute business transactions with unique structures. For more information, please visit www.omninet.com.

CONTACT:
BENJAMIN NAZARIAN
OMNINET CAPITAL, LLC
(310) 300-4100

About Corinthian Capital Group, LLC
Headquartered in New York, NY with offices in Chicago, IL and Boston, MA, Corinthian Capital invests in unique niche manufacturing, distribution, and service businesses with EBITDA between $5 million and $30 million, located primarily in North America. Its principals have over 80 years of combined private equity experience and have completed over 60 acquisitions in the middle market, with a combined total value of over approximately $1.8 billion. For more information, please visit www.corinthiancap.com.

CONTACT:
PETER VAN RAALTE
CORINTHIAN CAPITAL GROUP, LLC
(212) 920-2303
PVANRAALTE@CORINTHIANCAP.COM

About STADCO
STADCO, headquartered in Los Angeles, CA, is a leading designer and manufacturer of components and tooling for the commercial aerospace and defense markets. Since its founding in 1941, STADCO has achieved tremendous success by applying leading technology and world class expertise to solve its customers’ complex engineering challenges. STADCO’s integrated capabilities are employed to produce complex, large-scale, precision machined components as well as intricate tooling assemblies. STADCO’s offering is aligned to support the growing demand for lighter, more efficient next-generation aircraft. For more information, please visit www.stadco.com.