Littlejohn & Co. to sell Synchronous Aerospace Group to Precision Castparts Corp.

GREENWICH, Conn., 10 Dec. 2012. Littlejohn & Co., a private investment firm based in Greenwich, Conn., signed a definitive agreement to sell Synchronous Aerospace Group to Precision Castparts Corp. (NYSE:PCP). 

Synchronous in Santa Ana, Calif., is a supplier of complex assemblies and precision components that serve mission-critical functions on aircraft in the commercial aerospace and defense markets. The company produces complex mechanical assemblies, such as high-lift mechanisms and secondary flight controls, as well as structural assemblies, including wing ribs, bulkheads, and track and beam assemblies. Synchronous products are used on many commercial, military, and space platforms. 

"We are confident that Synchronous will continue to develop as a valuable asset within Precision Castparts, and as a result, better capitalize on the enormous market opportunities that exist," says Edmund J. Feeley, managing director of Littlejohn. 

Lazard acted as the exclusive financial advisor to Synchronous. Morrison Cohen LLP acted as legal counsel to Synchronous. The transaction is expected to close by the end of the year.

 

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account.

Related Products

RR2P Removable Canister RAID System

Transportable data storage for mobile field use aboard planes, ships and ground transpo...

API DC Link Power Film Capacitors

High reliability DC link capacitors for power inverter applications which require super...

Silicones

Master Bond’s silicones are available in both one part and two part versions that offer...

Related Companies

Innovative Integration

  Since 1988, Innovative Integration has grown to become one of the world's leading supplier...

Winchester Systems Inc

At its founding in 1981, Winchester Systems introduced its first 5 MB disk system for Intel devel...

API Technologies Corp

Who We Are API Technologies is a dominant technology provider of RF/microwave, microelectronics, ...

Most Popular Articles


Wire News provided by   

 

All Access Sponsors


Follow Us On...