Steen Associates advises Bridgepoint on its acquisition

Steen Associates has announced that it is advising Bridgepoint Development Capital (BDC) on BDC's acquisition of four businesses within Hampson Industries' Aerospace Components & Structures division for $84 million.

The businesses together represent the global leader in the manufacture and supply of shim components to the commercial and military aerospace markets. The four businesses are: Lamsco and Bolsan in the US and Attewell and PSG in the UK – and operate on a standalone basis within Hampson Industries PLC. Following the transaction the acquired businesses will be re-named Shimtech Industries.

In addition to shims, Shimtech manufactures a range of standard and high performance non-metallic seals and gaskets for high technology industrial applications and provides value-added integrated supply chain and logistics solutions.

Steen Associates managing partner, Jason Steen commented: “The acquisition of Shimtech is typical of the high quality, international M&A transactions involving niche, market-leading commercial aerospace assets and technology that investors are currently seeking. As order books continue to lengthen and build rates grow, we remain very optimistic about the long-term trend in commercial aerospace and the continuation of its attractive growth characteristics.”

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