Acquisition positions FDH Aero as a leading electronics products distributor, with recently extra electrical and electronic part capabilities.
COMMERCE, Calif., April 27, 2023 /PRNewswire/ — FDH Aero (“FDH”), a world-wide service provider of source chain remedies for the aerospace and protection marketplace, has acquired BJG Electronics Group (“BJG”), a foremost provider of interconnect and electromechanical products and solutions for the defense, industrial aerospace, and room finish-markets.
Centered in Ronkonkoma, NY, and started in 1979, BJG serves both OEMs and aftermarket-providers providers in the aerospace and defense field. The acquisition of BJG broadens and deepens FDH Aero’s part in the aviation and protection provide chains, and will provide each FDH Aero and BJG consumers access to a far more expansive range of products and solutions and companies.
“The mixture of FDH Aero and BJG boosts our abilities in aerospace and protection electronics and advances our vision of being the most reliable offer chain associate to our customers and our suppliers,” reported Scott Tucker, Main Govt Officer at FDH Aero. “With BJG, FDH Aero can present an expanded product or service providing that enhances offer chain efficiencies in a marketplace that understands the strategic significance of supply availability and on-time functionality.”
Subsequent the acquisition of BJG, FDH Aero will establish FDH Aero Electronic Merchandise Team (“FDH EPG” or “EPG”), a division that will target on offer chain excellence in the electrical and electronic components item group, together with our field-foremost hardware, chemical and consumable franchises for the aerospace, protection, and space stop-marketplaces. Mitch Enright, latest President of Electro Enterprises, Inc., which was obtained by FDH in July 2022, will be named President of FDH EPG. As a unified division, FDH EPG will offer an market-major assortment of interconnect and electromechanical products and expert services.
“The establishment of the Digital Products and solutions Group is a very clear sign to our suppliers and shoppers that FDH Aero will maintain its focus on provider, high quality, and source chain excellence,” noted Enright. “These endeavours will allow us to better provide our customers and supplier partners whilst continuing to act as an integral piece of the complete FDH Aero alternative.”
Publish-closing, BJG’s Chairman and CEO Glenn Davidson will changeover into an energetic advisory role to aid the integration. Day-to-working day functions will continue on to be led by the existing BJG team.
“Our BJG crew is delighted to be becoming a member of with FDH EPG in forming what will be an sector leader concentrated on service excellence and products expertise. This transaction brings together two leading suppliers of armed service and aerospace digital interconnect solutions,” said Davidson. “I glance ahead to supporting the integration strategy and functioning intently with Scott, Mitch, and the full FDH Aero team to keep on to execute on our shared strategic vision.”
Kirkland & Ellis, Holland & Knight, and Crowell & Moring served as the authorized advisors to FDH on the transaction.
Houlihan Lokey served as the special financial advisor to BJG.
About FDH Aero
FDH Aero is a trustworthy worldwide supply chain associate for aerospace and defense companies. With far more than 55 yrs of knowledge, it specializes in c-class factors that involve components, electrical, chemical, and consumable items and companies for international OEM and aftermarket prospects. FDH is headquartered in Commerce, California, and has operations throughout North America, Europe, and Asia. Inclusive of the acquisition of BJG, FDH Aero now has places in 14 nations around the world across the globe, with extra than 1,000 best-in-marketplace staff members and over 650,000 square ft of stock place.
For additional information and facts, be sure to stop by FDHAero.com.
About BJG Electronics Team
BJG Electronics Group is a benefit-extra distributor and manufacturer of significant-trustworthiness digital parts headquartered in Ronkonkoma, New York. The company’s six areas in the US are accredited to ISO9001:2015 & AS9100:2016 and are committed to offering reliable, on-time delivery with its deep stock of assembled and element products. With 32 franchised traces, above 300,000 exclusive component numbers, and 125,000 square ft of warehouse area, BJG’s detailed products giving provides typical and engineered solutions supporting severe natural environment interconnect and electromechanical needs. BJG is an accepted supplier to the world’s primary protection, commercial aviation, and place OEMs. For extra information, take a look at www.bjgelectronics.com.
About Audax Private Fairness
Dependent in Boston and San Francisco, Audax Private Equity is a foremost middle marketplace financial commitment firm with approximately $16 billion of belongings beneath management, in excess of 185 personnel, and 85-in addition expense industry experts. Considering that its founding in 1999, the firm has invested in much more than 160 platforms and 1,200 incorporate-on acquisitions. Via our disciplined Invest in & Create approach, throughout six core sector verticals, Audax helps portfolio corporations execute on natural and inorganic development initiatives that fuel earnings growth, optimize operations, and substantially increase fairness worth.
Audax Personal Fairness is a component of Audax Team, a leading alternate financial commitment supervisor with approximately $36 billion of property beneath administration. For much more data, check out AudaxPrivateEquity.com or abide by us on LinkedIn.
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Source FDH Aero
