WASHINGTON--(BUSINESS WIRE)--Cadence Aerospace, a portfolio company of Arlington Capital Partners, today announced the acquisition of Premier Processing. Premier is a leading provider of surface finishing and special processing capabilities for aerospace and defense customers. Premier is headquartered in Wichita, KS with a single 35,640 square foot facility and numerous industry and customer accreditations. Premier will continue to be run by Brad Hart and the existing management team.
Peter Manos, a Managing Partner at Arlington Capital, said, “The acquisition of Premier allows us to significantly expand Cadence’s key capability set into the attractive special processing market, which has been a long-standing investment focus for both Arlington Capital and Cadence. Furthermore, we plan to invest significantly to further expand Premier’s special processing capabilities, and will work with Brad and his team to roll-out special processing capabilities across the broader Cadence footprint. This extremely strategic addition will allow Cadence to further differentiate itself as one of the leading manufacturers of complex aerospace and defense components.”
Thomas Hutton, CEO of Cadence, said, “We are looking forward to an extremely fruitful and collaborative partnership with Brad and the entire Premier team, who have done a phenomenal job building an enterprise with unique special processing capabilities, operational excellence, a strong culture and longstanding customer relationships. We are excited to work together to further build upon the excellent work the Premier team has done to date.”
Brad Hart, President of Premier, said, “The partnership with Cadence will allow us to further execute on our growth strategy, including highly strategic capital investments to expand the size and complexity of parts we can process. This will allow us to better serve existing and new customers, as well as to handle more of the highly complex and large parts that Cadence manufactures.”
Bilal Noor, a Vice President at Arlington Capital, said, “The addition of Premier significantly enhances Cadence’s strategic profile by further positioning the combined business as a highly differentiated and vertically integrated provider of precision manufacturing. This acquisition will boost Cadence’s margins, decrease lead times while improving quality and service, and position Cadence as a ‘one-stop-shop’ for its customers.”
About Cadence Aerospace
Cadence Aerospace is a leading provider of highly complex structural and engine components and assemblies to blue-chip aerospace and defense customers. Cadence has unique expertise in difficult-to-machine geometries as well as large, monolithic and deep-pocket 5-axis machining. Cadence is headquartered in Anaheim, California, and has eight centers of excellence across the Pacific Northwest, Southern California, Arizona, Wichita and New England, including low-cost operations in Mexico. www.cadenceaerospace.com
About Arlington Capital Partners
Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund. The firm has managed approximately $4.0 billion of committed capital via five investment funds. Arlington is focused on middle market investment opportunities in growth industries including aerospace & defense, government services and technology, healthcare, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field. www.arlingtoncap.com
