Information on the Target
Thompson Capital Partners ("TCP") recently announced the acquisition of Evaero, Inc., a reputable Arizona-based corporation with over 40 years of experience. Founded in Tucson, Evaero is recognized as a leading supplier of mission-critical components for the aerospace and defense sector. Under the leadership of Christian Frueh, the president and second-generation owner, the company has successfully served a diverse range of clients, including major industry players such as Honeywell, Celestica, Thales, Raytheon, and General Dynamics. Christian Frueh will continue to lead Evaero and collaborate with TCP to drive the next phase of growth for the business.
Evaero is committed to excellence in manufacturing, with a solid foundation built on a thriving workforce and an impressive portfolio of capabilities. The company focuses on providing tailor-made solutions for its clients in aerospace and defense, further enhancing its competitive edge in this specialized market. For more insight into Evaero's operations and expertise, please visit their website at https://evaero.com.
Industry Overview in Arizona
The aerospace and defense industry in Arizona is a significant contributor to the state's economy, showcasing a diverse array of companies and innovation hubs. Arizona serves as a strategic location for manufacturing, research, and development, supported by a highly skilled workforce and strong educational institutions focused on technical training. The state has garnered a reputation for fostering growth in the aerospace sector, with many businesses significantly investing in advancements and infrastructure.
Additionally, Arizona has seen an influx of investment in military and defense activities, which further strengthens its standing in the aerospace and defense market. The state's geographical positioning provides an advantage, allowing access to military bases, testing facilities, and other vital resources that support companies within this sector. As a result, Arizona is poised to remain a key player in the aerospace and defense industry.
Collaborative efforts between public and private sectors, including partnerships with the Arizona Commerce Authority, have facilitated significant advancements in aerospace technologies. These initiatives have cultivated an environment that encourages innovation, attracts new business investments, and promotes workforce development. As a result, the aerospace and defense industry in Arizona is expected to continue growing in the coming years.
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The Rationale Behind the Deal
The acquisition of Evaero underscores TCP's strategic intent to expand its portfolio in the aerospace and defense industry, particularly through enhancing operational capabilities. By incorporating Evaero's expertise in mission-critical component manufacturing, TCP aims to bolster the services offered within its existing business, AID Aerospace, which specializes in plating and finishing for aerospace components. The combination of these two businesses presents significant opportunities to provide comprehensive solutions to clients while delivering cost-effective and timely services.
This partnership also reflects TCP's commitment to supporting Evaero in its growth ambitions, thereby enabling the company to leverage TCP's resources and expertise. Together, they plan to establish a stronger presence in the aerospace and defense sector, focusing on fostering innovation and operational excellence.
Information about the Investor
Thompson Capital Partners, established in 2013, is a private equity firm focused on empowering lower middle-market, privately held companies to reach their full potential. The firm brings a combination of turnaround, growth, and consolidation expertise along with patient, long-term capital sourced from its network of investment partners. The partners at TCP possess a unique blend of operational knowledge and deep due diligence capabilities characteristic of strategic buyers, in conjunction with experience and skills typical of financial buyers.
What sets TCP apart from traditional private equity funds is its focus on creating sustainable long-term value rather than pursuing quick returns. As hands-on operators, TCP's partners are committed to collaborating with existing management teams and stepping in when necessary to facilitate growth. The firm's mission prioritizes establishing lasting relationships with portfolio companies to drive enduring success.
View of Dealert
In evaluating the acquisition of Evaero by Thompson Capital Partners, it appears to be a strategically sound investment decision. The synergy between Evaero's established manufacturing capabilities and TCP's existing aerospace business provides a solid foundation for enhanced operational efficiency and innovation. Moreover, the ongoing leadership of Christian Frueh ensures continuity and a wealth of industry experience to guide the firm through this transition.
The aerospace and defense industry presents considerable growth potential, particularly given Arizona's conducive environment for such ventures. By aligning with Evaero, TCP is optimally positioned to capitalize on emerging opportunities within the sector, expanding its market reach and enhancing value for both companies.
Furthermore, the emphasis placed by TCP on long-term value creation aligns well with Evaero's established operational principles. The partnership fosters a culture of growth and investment in talent, which is essential for sustained success in a competitive landscape. Overall, this acquisition appears to be a proactive step toward strengthening TCP's portfolio and establishing an enhanced competitive advantage in the aerospace and defense industry.
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Thompson Capital Partners
invested in
Evaero, Inc.
in 2023
in a Management Buyout (MBO) deal