Fastener Distribution Holdings, a portfolio company of Audax Private Equity, said April 20 that it acquired Blue Sky Industries. Financial terms weren’t announced. Blue Skye, of Monterey Park, California, distributes c-class parts to aerospace and defense MRO and OEM customers.
ARLINGTON, Texas–(BUSINESS WIRE)–Fastener Distribution Holdings (“FDH”), a portfolio company of Audax Private Equity, announced it has acquired Blue Sky Industries (“Blue Sky”), a Monterey Park, California-based distributor of c-class parts to aerospace and defense MRO and OEM customers. The acquisition strengthens FDH’s position in the MRO distribution market and expands FDH’s operating footprint into Europe.
Scott Tucker, CEO of FDH, said “Blue Sky is a well-respected leader in aerospace parts distribution with an excellent reputation and leadership team. The acquisition is a perfect example of our ongoing strategy to complement organic growth with strategic acquisitions of industry leading companies.”
Fred Yue, Founder of Blue Sky, said “We are excited to join Scott and the FDH team as we continue to grow our combined business. We remain committed to serving our customers with the same level of quality and service that they have received over the last 25+ years.”
Blue Sky is FDH’s third acquisition, and first completed since Audax Private Equity invested in the company in 2017.
FDH is a leading distributor of aerospace fasteners and other c-class components to commercial and defense aircraft manufacturers, subcontractors, and component distributors through its Arlington International Aviation Products (“AIAP”) and Aircraft Fasteners International (“AFI”) divisions. For more information, please visit www.aircraftfast.com and www.aiapinc.com.
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