Generation Growth Sponsors DeCrane Spinout

Generation Growth Capital has helped sponsor a carveout of Quality Assembly & Logistics LLC from DeCrane Aerospace Inc. No financial terms were disclosed. Quality Assembly is a Peshtigo, Wisc.-based maker of assembler of electro-mechanical components for use in medical equipment and fire suppression devices.

PRESS RELEASE
Guy Meyerhofer and Generation Growth Capital (GGC) today announced the acquisition of the Decrane Assembly & Logistics division from Decrane Aerospace, Inc. The Assembly and Logistics element of DeCrane Aerospace Aircraft Seating has matured as a respected contributor in various non-aerospace business sectors. DeCrane Aerospace Aircraft Seating will continue its operations in Peshtigo, WI under the DeCrane Aerospace business umbrella according its Vice President/ General Manager, Jim Tress. The new company, Quality Assembly & Logistics, LLC, specializes in the manufacture and assembly of electro-mechanical components for use in various industries including medical equipment and fire suppression devices.

The new company is committed to growing and diversifying their customer base, while maintaining the highest service levels for their existing customers. John Reinke, Director of Generation Growth Capital, was attracted to this company because of their unique capabilities and their capacity to provide complex assemblies and service operations to a wide array of markets. “We are very excited about this opportunity to partner with an experienced manager and a solid team of people to drive growth at Quality Assembly & Logistics. The transaction came together very quickly due to the support of Decrane Aerospace and their desire to see Quality Assembly & Logistics positioned for future success. We look forward to having them as a customer going forward” added Reinke.

Generation Growth Capital was founded in 2007 and is a Wisconsin-based private equity fund that provides growth capital to smaller middle market companies. Additional information about Generation Growth Capital can be found at www.generationgrowth.com.