WASHINGTON--(BUSINESS WIRE)--Arlington Capital Partners, a Washington, DC-area private equity firm, today announced it has successfully completed the acquisition of Triumph Group, Inc.’s (NYSE: TGI) forming and fabrication facilities. Going forward, the business will operate independently as Radius Aerospace, Inc.. Radius is a leading provider of fabrications, forming and other vertically integrated products and solutions primarily to OEM and Tier 1 Aerospace & Defense customers.
Radius’s premier capability set includes unique and differentiated processes serving customers on leading structures and engine platforms such as the 787, A320neo, F-35, G7500, and G650, among other growth programs. The Company serves a diverse and broad end-market base, with business spread across defense, commercial and business jet customers. Radius’ employee base brings decades of experience in difficult-to-form processes and a track record of engineering and tooling solutions for its customers’ most complex fabricating needs.
Radius will be led by the existing management team, including Tony Johnson as Chief Executive Officer, Bill Boyd as Chief Operations Officer, and Tim Lohrenz as Chief Financial Officer. Tony Johnson will join Peter Manos and Bilal Noor from Arlington Capital as a member of the Board of Directors.
“I am very excited and privileged to lead and carry on the tradition of this collection of companies operated by an extremely dedicated and talented group of individuals,” commented Tony Johnson. “I am also excited to work with Arlington Capital Partners, a successful private equity group with over 20 years of investment experience in aerospace and defense. I believe Radius Aerospace will have a significant opportunity to unlock its true potential and expand its offerings and services while providing the 'Best Value' to our customers.”
Peter Manos, a Managing Partner at Arlington Capital, said, “We are excited to begin our partnership with Tony and the Radius team, who have stellar reputations within the industry. In addition to the current robust book of business, we plan to continue to expand our strong customer relationships, leveraging the Company’s unique forming, fabricating and special processing capabilities and track record of delivering high-value solutions. We plan to further augment the Company’s growth and capabilities through both organic and strategic add-on initiatives.”
Bilal Noor, a Vice President at Arlington Capital said, “Radius represents an attractive opportunity for Arlington Capital to continue its history of partnering with differentiated suppliers in critical positions within the aerospace and defense value chain. The Company’s forming and processing abilities fulfill a necessary and niche need within the industry and position Radius for rapid and defensible growth.”
About Arlington Capital Partners
Arlington Capital Partners is a Washington, D.C.-area private equity firm that has managed $2.2 billion of committed capital via four investment funds. Arlington Capital focuses on middle market investment opportunities in growth industries, including: aerospace/defense, government services and technology, healthcare, and business services and software. The firm's professionals and network have a unique combination of operating and private equity experience that enable Arlington Capital to be a value-added investor. Arlington Capital invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their companies’ position as leading competitors in their field.
For more information: www.arlingtoncap.com.
About Radius Aerospace, Inc.
Radius Aerospace, Inc., headquartered in Hot Springs, Arkansas, is a leading provider of fabrications and other vertically integrated products and solutions primarily to OEM and Tier 1 Aerospace & Defense customers. Radius also has locations in Shelbyville, IN; Fort Worth, TX; Phoenix, AZ; and San Diego, CA. Across its five locations, the Company specializes in all forming methods, including titanium sol-gel coating, metal bonding, specialty alloy welding, stretch forming, hydroforming, welding, brazing, processing, titanium SPF forming and aluminum and titanium chemical milling, among other capabilities.
For more information: www.radiusaerospace.com.
