Supplier of components and subassemblies to manufacturers of aircraft, aerostructures, aeroequipment and defense platforms
Seven manufacturing facilities located in Washington, California, Arizona, Massachusetts and Sonora (Mexico)
Investment Thesis
Industry:Global economic growth driving record order backlogs for new aircraft
Opportunity:Consolidate highly fragmented supply chain of specialized aerospace parts manufacturers
Strategy:Create a supplier with a broad range of complementary capabilities in order to secure larger work statements from key customers and to become more valuable within the aerospace supply chain
Platte River Value Add
Utilized Platte River’s operating experience to assist management team in improving operations and sharing best practices across facilities
Leveraged industry contacts to identify and secure work on key aircraft platforms
Executed buy-and-build strategy to broaden customer and platform base and to take advantage of complementary capabilities
Completed six acquisitions between 2006 and 2011
15-fold increase in EBITDA under Platte River’s ownership as a result of acquisition strategy and organic growth initiatives
