Berkley Capital and Aero Precision Industries (“API” or the “Company”) management retained BlackArch Partners to manage the sale of the Company, seeking to leverage BlackArch’s significant expertise and experience in the aerospace and specialty distribution sectors.
BlackArch marketed API to a targeted group of strategic and financial sponsors focused on the aerospace and defense and distribution sectors. Preliminary roadshow meetings provided investors with the opportunity to hear the Company’s “story” directly from Frank Cowle, President of API. This deep level of access fueled a highly competitive dynamic that resulted in attractive initial bids.
API was sold to Odyssey Investment Partners, a leading middle market private equity firm with a 20+ year history of partnering with skilled managers and growing companies through strategic initiatives and add-on acquisitions. Frank Cowle will continue to lead the Company in partnership with Odyssey Investment Partners.