Angeles Equity Partners, a Santa Monica-based private equity firm that recently sold off a lumber and building material business worth an estimated $1 billion, has acquired an aerospace and defense company.
Angeles Equity announced the purchase of Lakewood, Colo.-based Primus Aerospace Inc. on June 8.
The purchase is significant for Angeles Equity because it’s the firm’s first in the aerospace industry. Follow-on acquisitions, or tuck-ins, are expected.
“The investment in Primus aligns tightly with our firm’s strategy and capabilities and represents a compelling opportunity to partner with an incredibly talented team to consolidate the fragmented (aerospace, defense and space) precision components landscape,” said Sameer Patel, principal at Angeles Equity.
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.