|Gridiron Capital Announces the Acquisition of Nex-Tech Aerospace||
Precision Metal ManufacturingNex-Tech Aerospace is a manufacturer of components, structures, assemblies and engineering services for fixed wing and rotary aircraft for the global aerospace industry. Specializing in working with the latest high-tech and exotic materials, Nex-Tech produces flawless complex machined systems and provides OEM and Tier 1 supply chain delivery.
FacilitiesNex-Tech Aerospace currently has three facilities with over 160,000 sq. ft located in Wichita, Kansas, St. Louis, Missouri, and Mexicali, Mexico.
EmployeesNex-Tech Aerospace employs approximately 300 talented and skilled management, engineering, inspection, technical and support personnel.
Financial StrengthNex-Tech Aerospace, a Division of H.M. Dunn Company, is owned by Gridiron Capital, LLC, who provides a stable and committed source of capital and resources, and is dedicated to growing the business. Gridiron, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm’s principals have historically achieved superior investment returns by employing a combination of strategic, operating, and financial experience to provide portfolio companies with competitive advantages. Gridiron’s principals work closely with management teams to develop strategies for portfolio companies, as well as providing resources to execute business plans and build industry-leading companies. Additional information is available on the firm’s website at www.gridironcaptial.com.