Platte River Equity announced today that it acquired all of the outstanding stock of Giddens Industries, Inc. (“Giddens” or the “Company”), in partnership with senior management of the Company. Headquartered in Everett, Washington, Giddens is a manufacturer of complex machined and precision sheet metal parts and component subassemblies for the aerospace industry.

“We are excited about our new partnership with Platte River Equity,” said Dale Peinecke, CEO of Giddens. “The significant operating and financial experience of the firm’s principals, along with the expertise and capabilities of PRV’s other aerospace portfolio companies, will enable us to continue to offer a broader range of products and services to our customers. In addition, PRV brings access to additional capital and resources to help us execute on our growth strategy.”

“We are pleased to be partnering with the outstanding management team and employees at Giddens,” said J. Landis Martin, Founder and Managing Director of Platte River Equity. “Giddens represents our fourth acquisition in the aerospace industry and builds upon our strategy to create a premier aerospace supplier. Platte River Equity will continue to seek to acquire successful aerospace components and assemblies suppliers that provide highly engineered products and services and demonstrate compelling economic value for their customers.”

Houlihan Lokey acted as exclusive financial advisor to Giddens, and Davis Wright Tremaine LLP acted as the Company’s legal counsel.

Bartlit Beck Herman Palenchar & Scott LLP, Denver, Colorado acted as legal counsel to Platte River Equity.

 About Giddens Industries, Inc.

Headquartered in Everett, WA, Giddens is a manufacturer of complex machined and precision sheet metal parts and integrated component subassemblies for the aerospace industry. The company has established long-term relationships with leading aircraft manufacturers, and in many cases is the sole source provider of the parts it manufactures. Giddens has built a strong presence on a number of key aircraft platforms including the Boeing 737, 747, 767, 777 aircraft and more recently, the Eclipse 500 very light jet. With more than 30 years of experience, the Company is known by its customers for its outstanding quality and delivery performance.

 About Platte River Equity

Platte River Equity is a private equity investment firm based in Denver, Colorado, focusing on small and middle market industrial and other operating businesses. Utilizing the significant operating expertise of its principals, PRV serves as a value-added investor to its management partners. The firm pursues transactions in which it believes it can provide meaningful value to a company through the previous industry experience or other institutional expertise of its investment professionals. Specifically, the firm capitalizes heavily on the significant operating experience of its principals to serve as a value-added partner following the closing of its investments.


Lauren A. Metz
Business Development Associate
(303) 292-7321


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