Announced
Completed
Financials
Sources
Tags
Single Bidder
flight critical components
Domestic
United States
Friendly
Aerospace
Completed
Private
Majority
Acquisition
Private Equity
Synopsis
Gallant Capital-backed CMI, a manufacturer of critical components, completed the acquisition of Systems 3, a manufacturer and supplier of flight critical components to the aerospace and defense industries, from J.H. Whitney-backed Stevens Manufacturing Company, a manufacturer in Milford, Connecticut. Financial terms were not disclosed. "Systems 3 is a natural strategic fit with CMI. The combination significantly enhances CMI’s scale, technical capabilities and customer relationships, and Systems 3’s customers will benefit from CMI’s industry-leading vertically integrated and automated manufacturing capabilities," Mark McFeely, CMI CEO.
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