Zinc Die Casting Companies | Zinc Die Casting Parts
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BUENA PARK, Calif. & long island--(business WIRE)--
Partnership enables company to accelerate investment in increase initiatives
Alloy Die Casting Co. (“ADC” or “the business”), a leading provider of price-delivered manufacturing and supply-chain solutions for highly-engineered steel add-ons, these days introduced an investment from PWP growth fairness. The investment will permit the business to extra invest in individuals and device to supply further value-added services to its shoppers. phrases of the transaction were now not disclosed.
ADC focuses on presenting turnkey casting, machining, and different value-brought options for brief-run, high-complexity accessories to main gamers within the aerospace, defense, medical, automotive, and industrial segments. based in 1946, ADC manufactures a wide variety of products from its a hundred and five,000 square foot facility in Buena Park, CA. The company is led via President and CEO Rick Simpson, who has driven mammoth investments in individuals, tactics, and device, improving ADC’s reputation as a respectable, resourceful associate to the excellent groups in its centered industries.
“i am extraordinarily excited about this new chapter for ADC. PWP boom fairness and ADC share a similar subculture and dedication to boom,” noted Mr. Simpson. “This partnership will enable us to accelerate our investments in individuals, state-of-the-paintings machine, and technology to guide our purchasers’ boom.”
Dan Leever, working companion of PWP boom equity, commented, “we're excited to partner with Rick and the ADC management crew. they have developed an business-main enterprise it is a depended on agency to one of the most trendy OEMs on this planet. We appear forward to helping ADC of their subsequent stage of boom.”
As part of the investment, Mr. Simpson, Mr. Leever, David Ferguson (partner and Co-founder of PWP increase fairness), and John McKee (Managing Director of PWP increase equity) have been named to the enterprise’s Board of directors.
Prestwick Advisors acted as fiscal guide to ADC and former majority homeowners Gladstone funding organization and Gladstone Capital agency on this transaction.
About PWP boom equity
PWP growth fairness is the core market private fairness community of Perella Weinberg companions, managed with the aid of Chip Baird and David Ferguson. PWP increase fairness manages private fairness funds with combination commitments of $ billion concentrated on boom-oriented, lessen core market companies, essentially in the united states, across the customer, functions, and industrial sectors. PWP growth fairness seeks to partner with present house owners and administration groups, presenting both capital and event in a tailored and flexible constitution, to assist the boom plans and imaginative and prescient for value introduction. PWP boom equity’s existing and former investments consist of: TickPick, brief Med Claims, SkinSpirit, The RealReal, 360training, Delphon Industries, Luna Grill, Hyphen solutions, Black undergo Diner, MSA safety, MOD Pizza, YouFit fitness golf equipment, Western Window programs, and build a sign. For more counsel on PWP increase equity, please consult with: class="canvas-atom canvas-text Mb( Mb(0)--sm Mt( type="text" content="<span id="mmgallerylink-phrase">View source version on </span><span id="mmgallerylink-link"><a href=" rel="nofollow noopener" target="_blank"> data-reactid="22">View supply version on