Nautic Partners to Acquire Aerostar Aerospace Manufacturing
Summary
Middle-market private equity firm Nautic Partners, LLC, has partnered with management to acquire Aerostar Aerospace Manufacturing, LLC, a Phoenix, AZ-based manufacturer of high-complexity, close-tolerance machined parts used in commercial aircraft, primarily in engines and in auxiliary power units.National Bank of Arizona provided financing for the transaction.Founded in 1983 and led by Brandon McDermott, CEO, Aerostar Aerospace Manufacturing is an AS9100, ISO9001 precision component manufacturer of machined parts used in commercial aircraft, primarily in engines and in auxiliary power units.The company currently has long-term contractual relationships with several marquee Tier-I and Tier-II aerospace customers.ft. facility that is a quarter mile from its current campus and also investing in equipment to nearly double production capacity over the coming years.
Funding
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