Aero Pacific Corp. and 2nd Source Wire & Cable, Inc. acquired by ARCH Global Precision
ARCH Global Precision (“ARCH”) on Nov. 19 acquired Aero Pacific Corporation and 2nd Source Wire & Cable, Inc. (collectively “APC”), with locations in Garden Grove, Calif., and Placentia, Calif. APC is a manufacturer of large-footprint, high-precision components and assemblies for the defense and commercial aerospace markets. APC will join the ARCH Precision Components Segment and will solidify the company’s position as a substantial and growing supplier to the global aerospace and defense markets. Core competencies of APC include high-precision, complex machining of large, hard-metal and aluminum forgings and plate utilizing large gantry-style machining beds in addition to expertise in machining similar hard metals on more conventional CNC equipment. These expanded competencies are highly complementary to existing high-precision machining capabilities at other ARCH Precision Components Segment locations across the continental United States.
“We are extremely excited to announce the acquisition of Aero Pacific Corp., and we welcome all APC colleagues and customers to the ARCH family of companies,” said Andy Spiering, Divisional President of the ARCH Precision Components Segment. “The acquisition of APC is strategically important as it will significantly broaden our exposure to attractive aerospace and defense customers and programs as well as expand our capabilities to include tight-tolerance machining of large-envelope, hard-metal parts for critical applications.”
“I am pleased to announce the sale of APC to ARCH,” said Mark Heasley, the former principal owner and CEO of APC. “In choosing an acquirer to sell to, it was extremely important to find a buyer with strong cultural alignment and one with a strong track record of acquiring and integrating businesses in a manner that is not disruptive to the customers and colleagues of the businesses that have been acquired. After spending time with a number of different interested buyers, it quickly became apparent that ARCH was the ideal fit for APC to partner with during this next phase of growth of the business. The entire APC team could not be more excited about the sale to ARCH and what the future will hold as we partner with the existing ARCH organization to drive growth and maximize performance.” Mr. Heasley will continue in his current role as the President of APC for the foreseeable future.