Littlejohn & Co. to sell Synchronous Aerospace Group to Precision Castparts Corp.

GREENWICH, Conn., 10 Dec. 2012. Littlejohn & Co., a private investment firm based in Greenwich, Conn., signed a definitive agreement to sell Synchronous Aerospace Group to Precision Castparts Corp. (NYSE:PCP). 

Synchronous in Santa Ana, Calif., is a supplier of complex assemblies and precision components that serve mission-critical functions on aircraft in the commercial aerospace and defense markets. The company produces complex mechanical assemblies, such as high-lift mechanisms and secondary flight controls, as well as structural assemblies, including wing ribs, bulkheads, and track and beam assemblies. Synchronous products are used on many commercial, military, and space platforms. 

"We are confident that Synchronous will continue to develop as a valuable asset within Precision Castparts, and as a result, better capitalize on the enormous market opportunities that exist," says Edmund J. Feeley, managing director of Littlejohn. 

Lazard acted as the exclusive financial advisor to Synchronous. Morrison Cohen LLP acted as legal counsel to Synchronous. The transaction is expected to close by the end of the year.

 

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account.


The Innovation That Matters™ Quiz

Innovation is one of the key drivers in the Defense industry. View this short video of Leon Woo, VP of Engineering at Mercury Systems, on the role of innovation. Then, answer 3 simple questions correctly to be entered into a drawing to win an Eddie Bauer fleece jacket!

CONGRATULATIONS TO OUR TWO MOST RECENT WINNERS. "Nick from SPARWAR" and "Bridget from AOC."


Military & Aerospace Photos

Wire News provided by   

Most Popular Articles

Webcasts

Meeting the Gen3 backplane challenge with OpenVPX and COTS

Tight Pentagon budgets mean military systems must stay in the field for longer than ever before. This doesn't mean obsolete technology, however. Today's military electronics are being upgraded constantly, an...
Sponsored by:

Digital signal processing for signals intelligence and electronic warfare

Military & Aerospace Electronics presents an expert Webcast on the design considerations for blending general-purposes processors (GPUs), general-purpose graphics processors (GPGPUs), field-programmable ...
Sponsored by:

Advantages of Intel Architecture Products and Wind River Solutions in Military & Aerospace Applications

This webinar explains the individual advantages of the Intel Architecture hardware, available for long-life supply, and the WRS software portfolio.  There are extraordinary advantages of combining such ...
Sponsored by:

social activity

All Access Sponsors


Mil & Aero Magazine

February 2014
Volume 25, Issue 2
file

Download Our Apps



iPhone

iPad

Android

Follow Us On...



Newsletters

Military & Aerospace Electronics

Weekly newsletter covering technical content, breaking news and product information
SUBSCRIBE

Defense Executive

Monthly newsletter covering business news and strategic insights for executive managers
SUBSCRIBE

Embedded Computing Report

Monthly newsletter covering news on embedded computing in aerospace, defense and industrial-rugged applications
SUBSCRIBE

Unmanned Vehicles

Monthly newsletter covering news updates for designers of unmanned vehicles
SUBSCRIBE