Applied Composites Holdings, LLC (Applied Composites), an aerospace, space and defense composites supplier, has acquired The Companies of North Coast, LLC (North Coast or the Company), a manufacturer of Resin Transfer Molded (RTM) composite structures and tooling, from Unitech Holdings, Inc (Unitech).
Terms of the transaction were not disclosed.
This marks the sixth acquisition by the Applied Composites platform created by AE Industrial Partners, LP (AEI), a private equity firm specialising in aerospace, defense & government services, space, power & utility services, and specialty industrial markets.
North Coast consists of North Coast Composites and North Coast Tool & Mold, Unitech divisions located in the same facility in Cleveland, OH.
Kirkland & Ellis served as legal advisor and RSM served as financial advisor to Applied Composites. Vedder Price PC was the legal advisor and Moelis was the financial advisor to Unitech.
