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March 22, 2022updated 23 Mar 2022 9:08am

Stellex makes new platform investment in RTC Aerospace

The companies have not disclosed the financial terms of this acquisition.

Private equity firm Stellex Capital Management has acquired Los Angeles-based complex machine components manufacturer RTC Aerospace.

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RTC Aerospace manufactures complex machine components for military aircraft, commercial and other aerospace and defence applications. The company operates from different locations including Chatsworth, California, and Fife.

The financial terms of the transaction between the two companies were not disclosed.

According to the deal, investor and RTC Aerospace executive Brad Hart will remain as the board member of the company.

Other terms of acquisition involve Stellex collaborating with aerospace and defence executive Dave Herr to offer an acquisition-related growth strategy.

Stellex managing director David Waxman said: “RTC is a critical partner to its customers, meeting the stringent quality and delivery requirements of premier military and commercial programs.

“We are excited to provide our capital and resources to support RTC’s contemplated organic and strategic M&A-focused expansion plan.

“Our goal is to materially expand RTC’s market presence and continue being a trusted, industry-leading partner on blue-chip military and commercial platforms.”

According to Stellex, US-based international law firm Greenberg Traurig has provided legal support to the company during the process of this transaction.

Besides, the commercial due diligence of Stellex for the acquisition was handled by Arena Strategic Advisors.

With offices in New York, Pittsburgh, London, and Detroit, Stellex majorly focuses on the aerospace and defence domain, speciality manufacturing sector, government services, and various other sectors.

RTC Aerospace CEO Michael Vincent said: “Our vision is to become a viable closed-loop manufacturer of precision components in the commercial aerospace and defence space.”

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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