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AGC Aerospace & Defense expands international portfolio with acquisition of Tods

News International-French

15 Jul 2013

Acorn Growth Companies and The Edgewater Funds have partnered to acquire U.K.-based Tods Aerospace & Defence Ltd to further expand the design, engineering and manufacturing capabilities of AGC Composites & Aerostructures, which is a component of AGC Aerospace & Defense.

Tods Aerospace & Defence specializes in the engineering, design and manufacture of advanced materials technology for aerospace and naval acoustic structures.

The acquisition marks the second international joint venture between Acorn Growth Companies and The Edgewater Funds and the third overall partnership in the last year.  Tods Aerospace & Defence will become the fifth business to be consolidated into AGC Composites & Aerostructures.

Caltius Capital Management and PNC Bank provided debt financing for the transaction. Lincoln International represented the buyer.

The Tods executive team will be integrated into AGC Composites & Aerostructures and do business as Tods Composite Solutions, an AGC Aerospace & Defense Company.  Details of the transaction were not disclosed.

Acorn Growth Companies is a private equity firm focused exclusively on aerospace and defense opportunities and oversees management and control of the AGC Aerospace & Defense portfolio companies.  The firm has over $200 million under management with companies across the United States and United Kingdom, operating worldwide under its primary banner, AGC Aerospace & Defense.

The Edgewater Funds is a Chicago-based private equity firm with nearly $1.4 billion in capital under management.  Through Edgewater Growth Capital Partners, the firm partners with management to help accelerate growth in their businesses.  Edgewater focuses on funding high quality middle market companies where it can add substantial value through capital, experience and its broad network.

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