ARLINGTON, Texas--(BUSINESS WIRE)--Fastener Distribution Holdings (“FDH”), a portfolio company of Audax Private Equity, announced it has acquired Blue Sky Industries (“Blue Sky”), a Monterey Park, California-based distributor of c-class parts to aerospace and defense MRO and OEM customers. The acquisition strengthens FDH’s position in the MRO distribution market and expands FDH’s operating footprint into Europe.
Scott Tucker, CEO of FDH, said “Blue Sky is a well-respected leader in aerospace parts distribution with an excellent reputation and leadership team. The acquisition is a perfect example of our ongoing strategy to complement organic growth with strategic acquisitions of industry leading companies.”
Fred Yue, Founder of Blue Sky, said “We are excited to join Scott and the FDH team as we continue to grow our combined business. We remain committed to serving our customers with the same level of quality and service that they have received over the last 25+ years.”
Blue Sky is FDH’s third acquisition, and first completed since Audax Private Equity invested in the company in 2017.
FDH is a leading distributor of aerospace fasteners and other c-class components to commercial and defense aircraft manufacturers, subcontractors, and component distributors through its Arlington International Aviation Products (“AIAP”) and Aircraft Fasteners International (“AFI”) divisions. For more information, please visit www.aircraftfast.com and www.aiapinc.com.
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Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested over $4.5 billion in 113 platform and 664 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.