NetComposites
Thermwood

AGC Aerospace & Defense Expands International Portfolio with Acquisition of Tods

16 July 2013

Acorn Growth Companies (AGC) and The Edgewater Funds have partnered to acquire U.K. based Tods Aerospace & Defence.

AGC say the acquisition will look to further expand the design, engineering and manufacturing capabilities of AGC Composites and Aerostructures, which is a component of AGC Aerospace & Defense.  Tods Aerospace & Defence specialises in the engineering, design and manufacture of advanced materials technology for aerospace and naval acoustic structures.

“This transaction is another exciting step in our global growth strategy,” stated Rick Nagel, Acorn Growth Companies Partner. “Tods’ sophisticated engineering, design and build experience will further complement our capabilities and also strengthens and diversifies our existing customer base.”

“This addition will lead to further group innovation, efficiencies and ultimately create a higher value partnership with our customers,” said Rick Armstrong, President and CEO of AGC Composites and Aerostructures.  “Tods will play an integral role in the strategic advancement of our group platform as we further penetrate the European, Middle East and Asian marketplaces.”

“By joining such an innovative and strategically focused team, Tods will become a more resourceful strategic partner to our customers, and also be better positioned to address significant market trends,” added Simon Finch, President of Tods Aerospace & Defence.

The acquisition marks the second international joint venture between Acorn Growth Companies and The Edgewater Funds and the third overall partnership in the last year.  Tods Aerospace & Defence will become the fifth business to be consolidated into AGC Composites and Aerostructures.

Caltius Capital Management and PNC Bank provided debt financing for the transaction. Lincoln International represented the buyer.

The Tods executive team will be integrated into AGC Composites and Aerostructures and do business as Tods Composite Solutions, an AGC Aerospace and Defense Company.  Details of the transaction were not disclosed.





Share this story


Related / You might like...

Web Industries’ Middlesex Plant Earns Nadcap Accreditation Covering Aerospace Composite Ply Cutting and Kitting Operations

The Middlesex production facility of Web Industries’ Aerospace market team has earned accreditation from Nadcap (the National Aerospace and Defense Contractors Accreditation Program) covering the facility’s composite cutting and kitting operations.

Rhodes Interform Develops Revolutionary New Process for Aerospace Industry

Group Rhodes, through its Rhodes Interform business, has developed a revolutionary new process that enables large monocoque components, particularly those produced by super plastic forming (SPF) from very thin material, to more accurately retain their shape on cooling.

Innovative Manufacturing Solutions Halve Set-up Time for Composite Part Production

The combination of MSP’s NC-Checker and NC-PerfectPart software with Renishaw’s leading probing technology, is delivering significant cost and time savings for Quickstep Technologies’ composite manufacturing processes.