Author: Naomi Cooper|| Date Published: March 22, 2022
Private equity firm Stellex Capital Management has acquired aircraft components manufacturing company RTC Aerospace with the intent to grow the latter’s footprint in the defense and aerospace markets.
Stellex said Monday it will work with Dave Herr, a three-decade industry veteran and previous Wash100 Award recipient, to shape a growth strategy for the acquired business.
RTC Aerospace develops and delivers precision manufacturing components to original equipment manufacturers and Tier 1 suppliers for the production of aerostructures, missile assemblies, hydraulic housings and other aircraft parts.
Brad Hart, who has served as an RTC executive since 1986, will remain as an investor and a board member in the Los Angeles-headquartered company.
Law firm Greenberg Traurig and consulting firm Arena Strategic Advisors provided legal and due diligence services to Stellex in the transaction.
By Chris Crowder, executive vice president, GovCon, Unanet Across government contracting, many leaders feel good about their pipelines. Opportunity volume looks strong.…
Sabel Systems Technology Solutions has appointed Stephen Vukovich, an IT implementation project manager, as interim senior vice president and president…
Defensive cyber has become foundational to federal digital modernization strategy, shaping how agencies approach cloud adoption, AI integration and enterprise…
