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Kellstrom Defense Buys Military Aircraft Parts Maker WAM

Kellstrom Defense Aerospace has acquired Williams Aerospace and Manufacturing for an undisclosed sum in a push to address a demand for spare parts services in the global military aircraft operator community.

KDA said Monday its engineered products operating segment will incorporate WAM’s manufacturing processes and the combined company expects to generate more than $160M in 2019 sales.

WAM manufactures parts for the C-5, F-16 and other U.S. OEM defense platforms and operates with a Hologram Product Program license for  Lockheed Martin‘s (NYSE: LMT) P-3 and C-130 aircraft.

Houlihan Lokey acted as KDA’s financial adviser and placement agent in the transaction.

PNC Mezzanine Capital, Barings and Blue Torch Capital helped KDA complete the acquisition.

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