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Liberty Hall Capital Partners Acquires Quatro Composites.

M2 EQUITYBITES-February 2, 2017-Liberty Hall Capital Partners Acquires Quatro Composites


2 February 2017 - US-based private equity firm Liberty Hall Capital Partners has acquired aerospace composites supplier Quatro Composites, L.L.C., the firm said.

Quatro Composites offers engineered advanced composite structures, components and assemblies for the aerospace industry.

The company will be integrated into AIM Aerospace Corp. a supplier of composite ducting, substructural and interiors parts for the commercial aerospace industry.

AIM was acquired in 2016 as the foundational asset of Liberty Hall's strategy to build a fully-integrated, diversified composites supplier through organic investments and strategic acquisitions.

Terms of the transaction were not disclosed.

Founded in 1997, Quatro supplies several of the leading aerospace platforms, including the Boeing 787, Gulfstream G650 and Insitu X300, and Quatro's largest customers include The Boeing Co, Gulfstream, Insitu and United Technologies.

Quatro operates from a manufacturing centre located in Orange City, Iowa, and a business innovation centre located in Poway, California.

Financing for the acquisition was provided under AIM's existing debt facilities that were arranged by Antares Capital, Citizens Bank and KeyBanc Capital Markets Inc. for first lien financing and Carlyle GMS Finance, Inc. for second lien financing.

Legal advice to Liberty Hall was provided by Gibson Dunn and Crutcher and Schulte Roth and Zabel. Legal advice to Quatro was provided by Nyemaster Goode.

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Publication:M2 EquityBites (EQB)
Date:Feb 2, 2017
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