COSTA MESA, Calif.--(BUSINESS WIRE)--D.A. Davidson & Co. announced today that it served as exclusive financial advisor to JW Hill Capital (“JW Hill”), a Newport Beach, California-based private equity firm that focuses on manufacturing, value-add distribution, and industrial services, on its purchase of GKN Aerospace Bandy Machining, Inc., a subsidiary of GKN Aerospace. The transaction closed on August 11, 2017 and represents another successful cross-border closing for D.A. Davidson’s investment banking group. Financial terms of the transaction were not disclosed.
"The Bandy name stands for made-in-the-USA highest quality aerospace and defense components and has been well known for over 50 years," said Paul Weisbrich, head of Davidson's AD&I group. "We believe JW Hill is the ideal partner for the next phase of Bandy’s growth."
Located in Burbank, California, GKN Aerospace Bandy Machining, Inc. (the “Company”) is an industry leader in precision-machined aircraft hinges delivering over 100,000 hinges per year around the globe. The company manufactures hinges that are components for a wide range of commercial and military platforms. The Company’s expertise includes proprietary drilling processes that allow the Company to manufacture long hinge lengths at very tight tolerances across a variety of materials including titanium, aluminum, stainless steel and bronze. Customers rely on the Company’s expertise to handle complex aerospace parts.
“We are excited about partnering with the team to build on the legacy of the Bandy brand,” said John Hill, Managing Partner, JW Hill Capital. “We look forward to expanding the capabilities of the business to serve the aerospace hinge market.”
D.A. Davidson’s Investment Banking Group assisted in structuring the deal and advised JW Hill through negotiations, documentation and final closing.
D.A. Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise and has extensive transaction experience serving middle market clients worldwide.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland, and Seattle, the company has more than 1,300 employees and offices in 23 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For more information, visit www.dadavidson.com or Twitter: @DADavidsonCo.