Vopne Capital invests in Coronado Manufacturing

Vopne Capital has made an investment in Sun Valley, California-based Coronado Manufacturing, a maker of precision-machined components for the aerospace industry. No financial terms were disclosed.

PRESS RELEASE

SUN VALLEY, CA, May 24, 2019 — Coronado Manufacturing announced today an investment in the company by Vopne Capital, a Bay Area-based private equity firm.
Coronado Manufacturing is a leading manufacturer of precision-machined components for the aerospace industry. Coronado manufactures mission-critical parts with tight tolerances and has a reputation for quality, on-time delivery and operational excellence.

Founded in 1959, Coronado has a long history of serving the aerospace industry. Al Gowing, co-founder of Coronado, stated, “Coronado has a proud history of surpassing our customers’ expectations by delivering complex, tight-tolerance aerospace components on time and to specification. Vopne is the right partner to help continue Coronado’s success and support the company into the future. They share our commitment to providing the highest-quality products, on-time delivery and customer service to the aerospace industry.”

“Coronado Manufacturing has a 60-year track record of operational excellence, as demonstrated by the company’s product quality, long-standing customer relationships and AS9100 certification,” said Jim Bloom, Managing Partner at Vopne, who joins Coronado’s board of directors. “We are excited about the opportunity to continue Coronado’s success into the future.”

Concurrent with Vopne’s investment, Dale Carruthers joins Coronado as its General Manager. Dale brings over 15 years of experience in manufacturing leadership, with past roles including General Manager of Crown Precision and Director of Sales and Marketing at Dukes Aerospace. Coronado will continue to operate from its headquarters in Sun Valley, CA and will retain their highly-skilled and long-tenured staff.

About Coronado Manufacturing
Coronado Manufacturing, founded in 1959, is a precision manufacturing company located in Sun Valley, CA. Coronado has been manufacturing precision-engineered parts for the aerospace industry for nearly 60 years; the company is AS9100 certified. In-house capabilities include milling, turning, grinding, deburring and assembly.

About Vopne Capital
Vopne Capital is a Bay Area-based private equity firm investing in growing, profitable companies in the lower middle market. Vopne undertakes investments, recapitalizations and acquisitions of manufacturing companies with experienced management teams, engineered and differentiated products, and a focus on providing the highest quality products and customer service. Vopne is currently investing its second fund, launched in 2018. For more information visit www.vopne.com.