Triman Industries on Wednesday said it has acquired Brighton Cromwell and Crestwood Technology Group (CTG), two small companies with complementary capabilities that will bolster Triman’s work serving the aftermarket supply chain for defense products for U.S. and international customers.
Terms of the deal were not disclosed. New Jersey-based Triman, a portfolio company of the private equity firm AE Industrial Partners
(AEI), now has about 200 employees following the acquisitions.
“The combination of these three highly complementary businesses provides us with a unique set of solutions, infrastructure and talent required to deliver a high level of value and service to our customers and supply chain partners,” Dan Edwards, Triman’s CEO, said in a statement.
Triman provides distribution, supply chain and repair management solutions to the military aftermarket and has more than 65 original equipment manufacturer (OEM) partners that produce engineered systems and components that Triman in turn distributes to military end users.
Brighton, which is also based in New Jersey, provides distribution, logistics and kitting solutions to the Defense Department, prime contractors and OEMs globally. The company has exclusive partnerships with over 20 OEMs and provides aftermarket parts and equipment for various tactical military vehicles, aircraft and naval systems.
Brighton also brings to the table a proprietary information technology platform called SEDNA to support its supply chain management services and provide data analytics to its partners and customers, and offers customers value added maintenance kits. Triman will leverage Brighton’s unique capabilities across its expanded business.
CTG, which is based in New York, provides military aftermarket supply chain solutions and specializes on obsolete and hard-to-find parts needed in air, ground, sea, cyber and space domains. The company also provides counterfeit avoidance testing and inspection and has earned certification under the Counterfeit Avoidance Accreditation Program, which is recognized by industry and customers “as the highest quality management and inspection standard for suppliers and distributors,” Triman said.
CTG’s customers include the DoD, commercial airlines, maintenance, repair and overhaul providers, and OEMs.
The management teams of the acquired companies will remain with Triman.
AEI’s and Triman’s financial adviser on the deal was Rothschild. CTG’s financial adviser was Duff and Phelps, and Fairmount Partners advised Brighton.