Santa Ana-based Synchronous Aerospace Group, a maker of aerospace and defense parts, has been acquired by private equity firm Littlejohn & Co.
Terms of the deal weren’t disclosed. It’s worth at least $100 million as it required Federal Trade Commission approval under the the Hart-Scott-Rodino Act.
Los Angeles-based investor Hancock Park Associates sold Synchronous Aerospace.
“Littlejohn will help us with strategy to take us to the next level,” said
Chief Financial Officer Bill Mellenthin. “We’re comfortable we can grow the
company both organically and through acquisitions.”
Synchronous makes parts for commercial and defense aerospace
companies. It employs about 230 people at three local facilities and about
650 people across the country. Boeing Co. is its biggest customer.
In 2005, Synchronous bought Compass Aerospace Corp., which had
four locations across the country including Western Methods and Lamsco West
in Santa Ana.
Connecticut-based Littlejohn specializes in buying and building midsize companies with its three funds that total about $1.6 billion.
