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    Home»Deals & Transactions»Angeles Equity Buys Primus Aerospace
    Deals & Transactions

    Angeles Equity Buys Primus Aerospace

    June 14, 20211 Min Read
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    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.

    Read more/Source: Los Angeles Business Journal

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