News | August 17, 2017

JW Hill Capital Acquires GKN Aerospace Bandy Machining, Inc.

NEWPORT BEACH, CALIF.--(BUSINESS WIRE)--

JW Hill Capital announced today the acquisition of GKN Aerospace Bandy Machining, Inc. (“Bandy” or the “Company”), a subsidiary of GKN Aerospace. For over 50 years, Bandy has been the leading producer of specialized hinges used in a wide variety of aerospace, defense and industrial applications.

Located in Burbank, California, Bandy manufactures complex, close-tolerance hinges that are used on numerous commercial and military platforms. The Company’s expertise includes proprietary drilling processes that allow the Company to manufacture long hinge lengths at very tight tolerances across a variety of materials including titanium, aluminum, stainless steel and bronze. Customers rely on the Company’s expertise to handle complex aerospace parts. Bandy produces over 100,000 hinges per year.

“The Bandy team is excited to begin a new chapter as part of JW Hill Capital,” commented Steve Alexander, General Manager, Bandy. “Our partnership will bring a renewed focus to Bandy’s capabilities and strengths, with the vision to continue to grow the brand moving forward.”

“We are excited about partnering with the team to build on the legacy of the Bandy brand,” said John Hill, Managing Partner, JW Hill Capital. “We look forward to expanding the capabilities of the business to serve the aerospace hinge market.”

DA Davidson served as financial advisor to JW Hill Capital on the transaction. The transaction closed on August 11, 2017. Financial terms of the transaction were not disclosed.

About JW Hill Capital

Based in Newport Beach, California, JW Hill Capital is a private equity firm that leverages its industry expertise and operating experience to acquire and grow lower-middle market manufacturing, value-add distribution, and industrial service companies. The firm focuses on corporate divestitures, owner liquidity, recapitalizations, management buy-outs, and both strategic and add-on acquisitions. It prefers companies between $2 million and $10 million EBITDA specializing in highly engineered components or products in aerospace, defense, nuclear, medical devices, or electronics, but will also target under-performing special situations where its operating expertise is relevant. More information can be found at www.jwhill.com.

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