Arlington Capital Partners’ Portfolio Company Cadence Aerospace Announces the Acquisition of Perfekta, Inc.
WASHINGTON, DC, July 9, 2018 – Cadence Aerospace (“Cadence” or the “Company”), a portfolio company of Arlington Capital Partners (“Arlington Capital”), today announced the acquisition of Perfekta, Inc. (“Perfekta”). Perfekta is a leading provider of large monolithic structures, precision-machined hard metal and aluminum components, complex machined forgings and structural assemblies to the aerospace, defense, and space end-markets. Perfekta has deep, longstanding relationships with blue chip OEMs and Tier 1 suppliers, and is headquartered in Wichita, KS with a 142,000 square foot facility. Perfekta will continue to be run by Julian Guerra II and the existing management team.
Thomas Hutton, CEO of Cadence, said “We are extremely excited to partner with Julian and his team to support Perfekta’s robust growth trajectory. 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.”
“The partnership with Cadence will allow us to further execute on our growth strategy, which is locked-in through long-term agreements,” said Julian Guerra II, President of Perfekta. “In addition to supporting our aggressive capital investment plans for 2018 and 2019, this partnership will allow us to serve our customers on a larger scale by leveraging Cadence’s six other manufacturing locations in the United States and Mexico.”
Peter Manos, a Managing Partner at Arlington Capital, said “The acquisition of Perfekta continues to build upon our investment thesis for Cadence by further expanding our unique and vertically integrated capabilities in large and complex precision machined aerospace components. In addition, Perfekta’s strategic location in Wichita, a geography that is home to some of the aerospace industry’s most important players, will bring Cadence closer to its shared customer base.”
Bilal Noor, a Vice President at Arlington Capital said, “The acquisition creates significant synergies for both businesses through cross-selling opportunities, knowledge transfer, and access to a broader set of production capabilities and manufacturing footprint. Ultimately, this will allow the Company to better serve its customers and execute upon our growth plan.”
Houlihan Lokey served as financial advisor to Perfekta. SunTrust Robinson Humphrey advised Arlington Capital Partners and Cadence Aerospace on the transaction.
About Arlington Capital Partners
Arlington Capital Partners is a Washington, D.C.-area private equity firm that has managed $2.2 billion of committed capital via four investment funds. Arlington is focused on middle market investment opportunities in growth industries, including: aerospace/defense, government services and technology, healthcare, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their Company’s position as leading competitors in their field. www.arlingtoncap.com
About Cadence Aerospace
Cadence Aerospace is an aerospace and defense group headquartered in Anaheim, CA, committed to active engagement, aligned manufacturing and sourcing strategies, and the provision of industry-leading capabilities. Cadence supplies components, subassemblies and assemblies to the world’s leading manufacturers of aircraft, aerostructures, aeroequipment, engine, and other commercial aerospace and defense platforms. www.cadenceaerospace.com
Peter Manos & Bilal Noor
Arlington Capital Partners
5425 Wisconsin Avenue, Suite 200
Chevy Chase, MD 20815
SOURCE: Arlington Capital Partners