Consolidated Aerospace Manufacturing LLC, which is backed by Tinicum, has acquired Moeller Manufacturing & Supply Inc, a producer of commercial aerospace and defense washers and spacers. No financial terms were disclosed. D.A. Davidson was the financial adviser to Moeller on the deal.
COSTA MESA, Calif., Feb. 28, 2018 – D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Moeller Manufacturing & Supply, Inc. (“Moeller”), an industry leader in the production of commercial aerospace and defense washers and spacers, in its sale to Consolidated Aerospace Manufacturing, LLC (“CAM”). CAM is controlled by Tinicum L.P., an investment partnership managed by Tinicum Incorporated (“Tinicum”), a private investment firm with more than 25 years of experience investing in private and public companies.
“We are delighted to have advised Moeller on this transaction,” said Paul Weisbrich, managing director at D.A. Davidson. “As Aerospace & Defense industry specialists, we were able to secure the very best acquirer in the marketplace today for a private, closely-held, Class C parts manufacturer. The Moeller name and tradition will continue under the CAM partnership.”
“As a private company with our name on the building, we didn’t just want a transaction – we wanted a proper home for our business of 40 years,” said Marsha Moeller, owner of Moeller Manufacturing & Supply, Inc. “CAM is a true fit for the next phase of Moeller.”
Headquartered in Brea, California, CAM is a manufacturer of fasteners, fittings, couplings and other components or assembled products principally for the commercial aerospace industry. CAM consists of Bristol Industries (airframe and engine internally threaded fasteners / nuts), Aerofit (fluid fittings), Voss Industries (couplings and clamps), 3V Fasteners (externally threaded fasteners) and QRP (pins and latches).
“We are very pleased to add Moeller to the CAM family,” said Gabriel Yuen, partner at Tinicum. “The addition of Moeller helps CAM continue to strengthen its position as a leading aerospace components manufacturer in the global aerospace industry.”
D.A. Davidson & Co.’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across five industry verticals: consumer, diversified industrials, financial institutions, real estate and technology.