Industrial Growth Partners’ has sold Consolidated Precision Products Corporation to Arlington Capital Partners
Lincoln International, a global mid-market investment bank, today announced the sale of Consolidated Precision Products Corporation (“CPP”), a portfolio company of Industrial Growth Partners, to Arlington Capital Partners, a private equity group based in Washington, D.C. Lincoln International acted as the exclusive financial advisor to Industrial Growth Partners, a San Francisco-based investment firm. Terms of the transaction were not disclosed.
CPP, headquartered in Pomona, California, is an industry leading manufacturer of highly-engineered metal components and sub-assemblies supplying the commercial aerospace, military and defense markets. CPP’s products are used in a variety of aerospace and defense market segments including commercial and military aircraft, missile and weapon systems, regional/business jets and helicopters. Its customer base includes a notable group of global, blue chip original equipment manufacturers (OEMs) and Tier 1 subcontractors in the aerospace and defense industry. CPP has facilities in the United States, Mexico and France.
Lincoln International worked closely with CPP’s senior management team and its shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
“Lincoln International’s thorough consultation and high level of professionalism during the process culminated in a transaction benefiting all parties involved,” said Steve Clodfelter, chief executive officer, CPP. Clodfelter and his established senior management team, including chief operating officer Ali Ghavami, will continue to manage the day-to-day operations of the business.
“Lincoln did an excellent job of evaluating our strategic alternatives, identifying the right potential acquirers and managing the entire sale process,” added Eric Heglie, Partner, Industrial Growth Partners. “Lincoln’s integrity, industry experience and expert advice resulted in an outstanding outcome for CPP, its customers, employees and shareholders.”
About Industrial Growth Partners
Industrial Growth Partners (“IGP”) (www.igpequity.com) is an $825 million private equity firm which provides equity capital to privately held, lower-middle market manufacturing and manufacturing services companies. IGP is one of very few investment firms in the U.S. that focus exclusively on the manufacturing sector. The firm invests equity in a wide range of transactions involving a change of ownership, such as management buyouts, leveraged buyouts, corporate divestitures, recapitalizations and management buy-ins. The firm also provides growth capital to privately held companies that require capital in order to expand their businesses.
About Arlington Capital Partners
Arlington Capital Partners (www.arlingtoncap.com) is a middle market private equity firm focused on buyouts and recapitalizations in targeted growth industries in partnership with management. Headquartered in Washington, D.C., the firm leverages a combination of private equity and operating experience, as well as an extensive network of strategic contacts, enabling Arlington to be a value-added partner and investor.
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