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Copley Equity Partners, a private equity firm and family office headquartered in Boston, MA, has completed a growth investment into AeroMed Group, LLC to facilitate the company’s acquisition of etaGLOBAL. Terms of the transaction were not disclosed.
AeroMed, based in Charlotte, NC, will use Copley’s investment to assist in the company’s strategy to build a market-leading supply chain solutions provider to the aerospace and defense industries.
The funding has supported AeroMed’s acquisition of etaGLOBAL — supply-chain solutions provider with offerings that include distribution and inventory management of fasteners, hardware, bearings, seals, tooling, and other engineered products. etaGLOBAL is based in Texas and is a distributor of class-c parts to customers operating in the aerospace and defense sectors.
“etaGLOBAL is a well-respected leader in the fragmented class-c part aerospace distribution market with over 40 years of operating history and long-standing, blue-chip customer relationships — all characteristics that AeroMed is seeking in other leading A&D supply chain management providers,” said Bob Spence, president and CEO of AeroMed.
As part of the transaction, Copley Equity representatives Peter Trovato, Sean Sullivan, and Dan Turk will participate on the AeroMed Board of Directors.
Peter Trovato, managing director of Copley Equity Partners added: “Copley is thrilled to partner with the AeroMed and etaGLOBAL team. Both the AeroMed and etaGLOBAL management teams have demonstrated a commitment to exceptional customer service and long history of supporting top companies in the Aerospace & Defense sector. We are excited to help further build the AeroMed platform and support the company’s organic growth strategy.”
Filed Under: Fastener industry news