ACQUISITION: Housatonic & Tucker Acquire Aircraft Fasteners International
ACQUISITION: Housatonic & Tucker Acquire Aircraft Fasteners International
John Wolz
Housatonic Partners and Tucker Partners acquired Aircraft Fasteners International LLC, a Southern California-based distributor.
Founded in 1964, Aircraft Fasteners is a master-stocking distributor specializing in self-locking nuts, threaded inserts, and related high performance hardware for the aerospace, electronics and defense industries. AFI”s address is: P.O. Box 66249, Los Angeles, CA 90066-0249. Tel: 310 821-5582 or 800 421-6695 Fax 310 821-037 Web: aircraftfast.com
Housatonic Partners is a private equity investment firm founded in 1994 with over $650 million in capital under management. Housatonic Partners invests in companies in the recurring services, media and communications industries. Housatonic has partnered with management teams in more than 50 small to mid-sized companies. Housatonic has offices in Boston and San Francisco. Web: housatonicpartners.com.
Los Angeles-based Tucker Partners is a private investment firm focused on the acquisition, management and growth of middle market businesses. Tucker Partners is focused on specialized distribution companies as well as light manufacturing/processing operations. Tucker pools its resources with selected institutional investors, which include private equity funds, mezzanine capital and senior lenders to finance its acquisitions. Web: tuckerpartners.com
Westport, CT-based Patriot Capital Funding Inc. provided $13.75 million in financing.
“This is our first opportunity to work with both Housatonic Partners and Tucker Partners. We look forward to strengthening our relationship with these firms,” said Patriot CEO Richard Buckanavage. “Our overlap in focus on small to mid-sized companies makes us logical partners for future transactions.” \ �2007 FastenerNews.com
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