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Littlejohn buys Synchronous Aerospace Group

22/08/2007Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityGreenwich, Connecticut-based control-oriented private equity firm Littlejohn & Co. has acquired Synchronous Aerospace Group, a US manufacturer of precision-machined parts and integrated kits and assemblies.

Synchronous was initially formed in 2002 through Hancock Park Associates' acquisition of Fansteel Schulz Products. The company now has approximately 650 employees throughout the US.

'Synchronous enjoys strong positions on critical aerospace platforms and has a superb reputation with its blue-chip customer base,' said Littlejohn managing director Edmund J Feeley. 'While most of the company's operations have been successfully serving the same customer base since the 1970s, Synchronous is still relatively young as a combined organisation. We believe we can help management to build upon the strong platform and processes they have established over the past several years and accelerate the company's growth.'

Littlejohn focuses on investment opportunities in the mid-market sector. The firm is currently investing from Littlejohn Fund III, which has $850m in capital commitments.

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