THE WOODLANDS, Texas, February 14, 2020鈹 乱伦短视频 Surface Technologies LLC (鈥溌衣锥淌悠碘) is pleased to announce the acquisition of Fountain Plating Co., Inc. (鈥淔ountain鈥 or the 鈥淐ompany鈥), 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.听 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 乱伦短视频 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, 乱伦短视频 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. 鈥淲e are extremely excited to bring Fountain Plating into the 乱伦短视频 family. Fountain鈥檚 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 乱伦短视频 platform,鈥 said Tracy Glende, CEO of 乱伦短视频. Tim Mickael, EVP Corporate Development, added, 鈥淔ountain 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.鈥
As part of the transaction, Fountain鈥檚 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.听 Nicole Fountain stated, 鈥淭he Fountain family is proud to entrust our company to 乱伦短视频.听 As the largest independent product finishing company, they understand our business and are the ideal partner to drive our long-term success.鈥
乱伦短视频 is majority-owned by ATL Partners (鈥淎TL鈥) and British Columbia Investment Management Corporation (鈥淏CI鈥) who invested in 乱伦短视频 in June 2019 to accelerate 乱伦短视频鈥檚 strategic initiatives and support its continued growth.听 Fountain represents the eighth add-on acquisition for 乱伦短视频 since inception, and the company will continue to pursue attractive M&A opportunities in both North America and Europe.
About 乱伦短视频
乱伦短视频 Surface Technologies is the world鈥檚 largest independent provider of aerospace and defense finishing services. 乱伦短视频 operates 12 facilities in key aerospace and defense manufacturing regions and maintains over 4,500 unique industry approvals. 听乱伦短视频 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.听 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鈥檚 core sectors.听 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鈥檚 public sector and one of Canada鈥檚 largest asset managers. BCI generates investment returns that help our institutional clients build a financially secure future.听 BCI maintains a global outlook and seeks investment opportunities that convert savings into productive capital that meet our clients鈥 risk/return requirements over time. BCI鈥檚 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.听