Springfield Archives - ׶Ƶ Surface Technologies http://www.valencesurfacetech.com/the-news/category/springfield/ The Leading Independent in Aerospace Metal Finishing Fri, 25 Oct 2024 20:20:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 76337935 ׶Ƶ Surface Technologies Acquires H&W Global Industries /the-news/valence-surface-technologies-acquires-hw-global-industries/ Tue, 26 Oct 2021 20:35:08 +0000 https://live-valence-surface-tech.pantheonsite.io/?p=32377 EL SEGUNDO, CA, October 25th, 2021─ ׶Ƶ Surface Technologies LLC (“׶Ƶ”) is pleased to announce the acquisition of H&W Global Industries, Inc. (“H&W” or the “Company”), a leading provider of surface treatment for highly engineered products in the aerospace and defense market in the Northeast region of North America. H&W, located in Blairsville, PA, provides […]

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EL SEGUNDO, CA, October 25th, 2021─ ׶Ƶ Surface Technologies LLC (“׶Ƶ”) is pleased to announce the acquisition of H&W Global Industries, Inc. (“H&W” or the “Company”), a leading provider of surface treatment for highly engineered products in the aerospace and defense market in the Northeast region of North America. H&W, located in Blairsville, PA, provides surface treatment to many leading U.S. defense platforms and maintains key approvals with strategic A&D primes such as Northrop Grumman.

Founded in 2002 by husband and wife, Jean-Pierre Habets and Sandra Habets, H&W provides a wide variety of metal finishing services, including anodizing, electroplating, and industrial painting, specializing in BR-127 bond primer for leading defense applications. H&W operates out of an approximately 50,000 square foot manufacturing facility, which the Company has continually invested in through expansion and new equipment to maintain state-of-the-art metal finishing technologies.

With the acquisition of H&W, ׶Ƶ continues to execute on its customer-focused strategy to improve the aerospace and defense supply chain by creating an integrated platform that offers full-service product finishing solutions with industry-leading quality and lead times. Chris Celtruda, CEO of ׶Ƶ, said “We are extremely excited to add H&W to the ׶Ƶ platform. H&W’s experience servicing top-tier customers in the aerospace and defense community will help enhance the ׶Ƶ offering across our customer base, particularly in the Northeast where we have a complementary location in Springfield, MA.”

Tudor Lupea, Vice President of Corporate Development, added, “H&W is strategically located in the greater Blairsville metro area and represents a key part of our strategy to deepen our footprint in the Northeast while growing the portion of our business servicing enduring defense platforms.”

 

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As part of the transaction, H&W’s existing management team and workforce will remain with the organization. Jean-Pierre and Sandra will remain in their current roles and will help integrate the business into the ׶Ƶ platform. Jean-Pierre said, “Sandi and I look forward to the continued growth at H&W. The opportunities available to our H&W family are of the utmost importance, which was a key consideration in the transaction. H&W’s future success through this merger and partnership with ׶Ƶ will give us great joy.”

׶Ƶ is majority-owned by ATL Partners (“ATL”) and British Columbia Investment Management Corporation (“BCI”) who invested in ׶Ƶ in June 2019 to accelerate ׶Ƶ’s strategic initiatives and support its continued growth. H&W represents the ninth add-on acquisition for ׶Ƶ since inception, and the company will continue to pursue attractive M&A opportunities in both North America and Europe.

 

About ׶Ƶ

׶Ƶ Surface Technologies is the world’s largest independent provider of Aerospace product finishing services. With 12 locations and over 2,500 unique industry approvals, ׶Ƶ processes more than 1 million parts per month. In addition to being Nadcap accredited, all ׶Ƶ sites provide specialized metal processing and finishing services to a diversified set of fast-growing commercial aerospace, defense, and space/satellite markets. ׶Ƶ partners with its customers to deliver best-in-class quality, turn times, and full-service supply chain solutions. For more information on ׶Ƶ Surface Technologies visit valencesurfacetech.com

 

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About ATL Partners

Founded in 2014, ATL Partners is a premier sector-focused private equity firm that invests in aerospace, transportation and logistics companies. ATL brings deep sector expertise to its investment approach with ten investment professionals and seven Executive Board members who have decades of combined operating experience in each of ATL’s core sectors. For more information about ATL Partners, visit www.atlpartners.com

 

About BCI

With C$199.6 billion of assets under management as of March 31, 2021, British Columbia Investment Management Corporation (BCI) is one of Canada’s largest institutional investors. Based in Victoria, British Columbia, BCI is a long-term investor that invests across a range of asset classes: fixed income; public equities; private equity; infrastructure; renewable resources; real estate; and commercial mortgages. BCI’s clients include public sector pension plans, insurance, and special-purpose funds. BCI’s private equity program, with C$20.7 billion of assets under management, has a well-diversified portfolio comprised of direct and fund investments. The team brings industry expertise with more than 40 investment professionals investing across financial and business services, healthcare, industrials, consumer, and TMT sectors. For more information about BCI, please visit .

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׶Ƶ Surface Technologies Acquires Fountain Plating in Massachusetts /the-news/valence-surface-technologies-acquires-fountain-plating-in-massachusetts/ Tue, 18 Feb 2020 16:47:05 +0000 https://live-valence-surface-tech.pantheonsite.io/?p=30668 THE WOODLANDS, Texas, February 14, 2020─ ׶Ƶ Surface Technologies LLC (“׶Ƶ”) is pleased to announce the acquisition of Fountain Plating Co., Inc. (“Fountain” or the “Company”), the leader in product finishing services for aircraft engine and critical components for the aerospace and defense industry in the Northeast region of North America. Fountain, located in Springfield, […]

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THE WOODLANDS, Texas, February 14, 2020─ ׶Ƶ Surface Technologies LLC (“׶Ƶ”) is pleased to announce the acquisition of Fountain Plating Co., Inc. (“Fountain” or the “Company”), the leader in product finishing services for aircraft engine and critical components for the aerospace and defense industry in the Northeast region of North America. Fountain, located in Springfield, Massachusetts, maintains Nadcap and AS9100 accreditations along with extensive approvals supporting key engine manufacturers and A&D primes such as Pratt and Whitney, GE, Rolls Royce, Collins/UTC, Sikorsky, and Lockheed Martin. The acquisition is a strategic move by ׶Ƶ to expand its multi-regional footprint and enhance its position on targeted growth platforms in aerospace and defense.

Founded in 1944 by Lawrence Fountain, the Company has built a reputation for over seventy-five years as the leader in quality, lead times, and highly differentiated product finishing solutions including non-destructive testing (NDT), chemical processing, specialized plating, spray coatings, and other value-added services such as bonding, CMM, and light assembly. By continually investing in new capabilities, capacity expansion, and its dedicated workforce, Fountain is well-positioned to continue growing with its global customer base on key aerospace programs.

With the acquisition of Fountain, ׶Ƶ continues to execute its customer-focused strategy to improve the aerospace and defense supply chain by creating an integrated platform offering full-service product finishing solutions with industry-leading quality and lead times. “We are extremely excited to bring Fountain Plating into the ׶Ƶ family. Fountain’s focus on providing engineered solutions on mission-critical components and its history of investing in new technologies and employee development is a perfect fit for the ׶Ƶ platform,” said Tracy Glende, CEO of ׶Ƶ. Tim Mickael, EVP Corporate Development, added, “Fountain represents a key part of our strategy to grow our footprint in the Northeast and expand our service offering for complex engine, landing gear, airframe, and electronics components.”

As part of the transaction, Fountain’s existing management team and workforce will remain with the organization. Nicole and Dexter Fountain, third-generation owners of the business, will remain in their current roles and continue their focus on growing the company. Nicole Fountain stated, “The Fountain family is proud to entrust our company to ׶Ƶ. As the largest independent product finishing company, they understand our business and are the ideal partner to drive our long-term success.”

׶Ƶ is majority-owned by ATL Partners (“ATL”) and British Columbia Investment Management Corporation (“BCI”) who invested in ׶Ƶ in June 2019 to accelerate ׶Ƶ’s strategic initiatives and support its continued growth. Fountain represents the eighth add-on acquisition for ׶Ƶ since inception, and the company will continue to pursue attractive M&A opportunities in both North America and Europe.

About ׶Ƶ
׶Ƶ Surface Technologies is the world’s largest independent provider of aerospace and defense finishing services. ׶Ƶ operates 12 facilities in key aerospace and defense manufacturing regions and maintains over 4,500 unique industry approvals. ׶Ƶ services over 3,000 customers across the globe and supports all major growth programs across the commercial aerospace, defense, space, and satellite markets.

About ATL Partners
Founded in 2014, ATL Partners is a premier sector-focused private equity firm that invests in aerospace, transportation and logistics companies. ATL brings deep sector expertise to its investment approach with nine investment professionals and six Executive Board members who have decades of combined operating experience in each of ATL’s core sectors. For more information about ATL Partners, visit www.atlpartners.com

About BCI
With C$153.4 billion of managed assets, British Columbia Investment Management Corporation is a leading provider of investment management services to British Columbia’s public sector and one of Canada’s largest asset managers. BCI generates investment returns that help our institutional clients build a financially secure future. BCI maintains a global outlook and seeks investment opportunities that convert savings into productive capital that meet our clients’ risk/return requirements over time. BCI’s private equity program, valued at C$13.0 billion, is focused on direct investments in industrials, technology, consumer/retail, healthcare, as well as financial and business services. For more information about BCI, please visit www.bci.ca.

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