DA Davidson & Co has acted as exclusive financial advisor to private equity firm JW Hill Capital (JW Hill) on its purchase of GKN Aerospace Bandy Machining, a subsidiary of GKN Aerospace.
The transaction closed on 11 August, 2017 and represents another successful cross-border closing for DA Davidson’s investment banking group. Financial terms of the transaction have not been disclosed.
“The Bandy name stands for made-in-the-USA highest quality aerospace and defense components and has been well known for over 50 years,” says Paul Weisbrich, head of Davidson’s AD&I group. “We believe JW Hill is the ideal partner for the next phase of Bandy’s growth.”
Located in Burbank, California, GKN Aerospace Bandy Machining, Inc provides precision-machined aircraft hinges delivering over 100,000 units per year around the globe. The company manufactures hinges that are components for a wide range of 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, aluminium, stainless steel and bronze. Customers rely on the Company’s expertise to handle complex aerospace parts.
“We are excited about partnering with the team to build on the legacy of the Bandy brand,” says 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’s Investment Banking Group assisted in structuring the deal and advised JW Hill through negotiations, documentation and final closing.
DA Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise and has extensive transaction experience serving middle market clients worldwide.
