Mar 21, 2022   SOURCE: BusinessWire

Stellex Capital Management LLC Acquires RTC Aerospace

Stellex Capital Management (“Stellex”), a middle-market private equity firm with extensive aerospace and defense industry experience, today announced a new platform investment in RTC Aerospace LLC (“RTC” or the “Company”), a leading provider of complex machined components and assemblies for mission-critical aerospace and defense applications. The financial terms of the transaction were not disclosed.

Based outside of Los Angeles, CA, RTC is a leading manufacturer of high-precision, difficult-to-machine components for commercial and military aircraft and varied aerospace and defense applications. For over 65 years, the Company has been providing blue-chip commercial and military aerospace OEMs and Tier 1 suppliers with specialized manufacturing solutions that enable the production of unique product families, including hydraulic housings, landing gear components, aerostructures, and missile assemblies.

“Stellex has a strong track record in the aerospace and defense manufacturing industry and a deep understanding of what it takes to be a collaborative, quality partner to leading commercial and military aircraft OEMs and Tier 1 suppliers,” said David Waxman, Managing Director at Stellex. “RTC is a critical partner to its customers, meeting the stringent quality and delivery requirements of premier military and commercial programs. We are excited to provide our capital and resources to support RTC’s contemplated organic and strategic M&A-focused expansion plan. Our goal is to materially expand RTC’s market presence and continue being a trusted, industry-leading partner on blue-chip military and commercial platforms.”

As part of the transaction, Brad Hart, an investor and executive of RTC since 1986, remains an investor in the Company and a board member. To further drive RTC’s next chapter of growth, Stellex is partnering with Dave Herr, a seasoned aerospace and defense executive with more than 30 years of experience with GE Aircraft Engines and BAE Systems.

“I’m thrilled to partner with Stellex as it leverages the strong platform we’ve built at RTC as we are striving to deploy an acquisition-focused growth strategy. We’ve carefully built a strong culture of collaboration with customers and a focus on delivery and quality excellence, and we believe the Company is ready to grow to the next level,” commented Mr. Hart. “We plan to create value for RTC’s customers and employees and to become an even more valuable manufacturing partner.”

Michael Vincent, who serves as CEO of RTC, said, “I am excited for the road ahead as we grow the RTC platform both organically and inorganically. Our vision is to become a viable closed- loop manufacturer of precision components in the commercial aerospace and defense space.”

Greenberg Traurig, LLC provided legal support to Stellex, and Arena Strategic Advisors, LLC supported Stellex’s commercial due diligence for the transaction.

About RTC

RTC is a manufacturer of complex machined components and high-precision parts for military and commercial aircraft, serving a variety of Tier 1 and OEM customers on key platforms with operations in Chatsworth, California, and Fife, Washington. Additional information may be found at https://www.rtcaerospace.com/.

About Stellex Capital Management LLC

With offices in New York, Detroit, Pittsburgh, and London, Stellex Capital is a private equity firm with over $2.6 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that have the potential to provide stability, improvement, and growth. Portfolio companies benefit from Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight, and access to capital. Sectors of particular focus include specialty manufacturing, industrial and business services, aerospace & defense, automotive, government services, transportation, logistics and food. Additional information may be found at www.stellexcapital.com.