Synchronous Aerospace Group, a leading provider of machined metal and composite parts as well as kits and assemblies to the global aerospace industry, apprised that its parent company has acquired Weaver Manufacturing, Inc., a premier provider of precision machining and assemblies of structural parts to the commercial, military and general aviation aircraft industries.
Founded in 1942 and based in Wichita, KS, Weaver specializes in the precision machining and assembly of aluminum and titanium mission-critical and large-format parts for global aerospace manufacturers and Tier I suppliers.
Ron Case, President and Chief Executive Officer of Synchronous, said, "We are very pleased to be working with our investment partners at Littlejohn & Co. who continue to provide expertise and resources to grow our company and are helping to identify acquisition opportunities that will strengthen and broaden our product offerings. This strategic acquisition is consistent with our growth plans and we will continue to identify strong companies that will further solidify Synchronous' position as a key supplier to the aerospace industry."
Equity financing for the transaction was provided by Synchronous' majority shareholder, Littlejohn Fund III, L.P. Debt financing was provided by Garrison Investment Group LP. Weaver was advised by Koch Siedhoff Hand & Dunn, LLP.
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