Lower-middle-market private equity firm Inverness Graham Investments has recapitalized Nobles Manufacturing, a maker of advanced metal and composite ammunition delivery system consumables for the United States military. Financial terms of the deal were not released. Inverness Graham Investments is based in Philadelphia.
Inverness Graham Investments, a lower middle market private equity firm based in Philadelphia, has recapitalized Nobles Manufacturing. Nobles Manufacturing designs and manufactures proprietary advanced metal and composite ammunition delivery system consumables for the United States military.
McGladrey Capital Markets initiated the transaction, sourced the buyer, led the negotiations, and acted as the exclusive financial advisor to the shareholders of Nobles Manufacturing. Transaction terms were not disclosed.
“Inverness Graham has a strong investment thesis regarding the concept of ‘Agile Military’ and Nobles Manufacturing products are the tip of the spear,” said Paul Weisbrich, senior managing director of McGladrey Capital Markets’ Aerospace, Defense, and Government Services Group. “With the exception of the tail-up F-22, every U.S. military aircraft has Nobles’ product onboard. Nobles Manufacturing has a multi-decade record of protecting the U.S. military’s assets in critical settings.”
About Nobles Manufacturing
Nobles Manufacturing, Inc. is a leading manufacturer of ammunition feed systems components and other industrial products. The company’s high quality military products are used on many different weapon systems and on all types of land, sea and air applications. Products include: Feed Chutes, Conveyor Type Feed Chutes, Link Chutes, Link Ejection Chutes, Gun Mounts, Gun Chargers, Gun Circuit Testers, Feeder Adapters, Ammunition Magazines, Replacement Kits, Field Service Kits and Repair Kits.
About Inverness Graham Investments
Inverness Graham is an operationally focused, lower middle market private equity firm headquartered in suburban Philadelphia. Inverness acquires high growth, innovative manufacturing and service companies with enterprise values of less than $75M. The firm has over $200M under management and was founded by senior executives of the Graham Group of industrial businesses.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in many distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
McGladrey Capital Markets is affiliated with McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.