The private equity firm Arlington Capital Partners on Monday said its portfolio firm Cadence Aerospace has acquired Perfekta, Inc., a provider of large structures, precision-machined metal and aluminum components, and structural assemblies to the aerospace, defense and space markets.
Terms of the deal were not disclosed. Arlington Capital said the acquisition furthers its plans for Cadence to add vertically integrated capabilities “in large and complex precision-machined aerospace components.”
Perfekta supplies components to original equipment manufacturers and Tier 1 suppliers for use on business and commercial aircraft, helicopters and fighter jets. Customers include Airbus Group, Boeing [BA], General Dynamics’ [GD] Gulfstream business jet division, Textron’s [TXT] Cessna aviation division, Canada’s Bombardier, Hawker Beechcraft, Lockheed Martin [LMT], Northrop Grumman [NOC] and others.
“The Perfekta team has done an exceptional job building a business with unique capabilities, operational excellence, and strong customer relationships, and we look forward to working with them as we collectively build on that success,” Thomas Hutton, CEO of Cadence, said in a statement.
Perfekta is based in Wichita, Kan., and has a 142,000 square-foot facility. Wichita is home to a number of aerospace industry manufacturers. Perfekta’s existing management will remain with the company.
“The partnership with Cadence will allow us to further execute on our growth strategy, which is locked-in through long-term agreements,” Julian Guerra, president of Perfekta, said in a statement. He said the deal will support the company’s capital investments the next two years and better serve existing customers by leveraging Cadence’s manufacturing locations in the U.S. and Mexico.
Cadence produces various aerostructures, subassemblies and assemblies used on commercial, business and military aircraft, and ground and sea-based military platforms.
Perfekta’s financial adviser on the deal was Houlihan Lokey and Arlington Capital Partners and Cadence were advised by SunTrust Robinson Humphrey.