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Burtek Announces the Acquisition of Votaw Precision Technologies
CHESTERFIELD, Mich., May 16, 2014 /PRNewswire/ -- Burtek has acquired Votaw Precision Technologies, Inc. ("Votaw") based in Santa Fe Springs, CA. The combination of Burtek Enterprises Inc. ("Burtek") and Votaw under the Burtek Holdings Inc. portfolio, brings together two of the best defense and aerospace suppliers in the industry and creates a broader and deeper platform to better serve customers across the defense, spaceflight and aerospace industries.
"With our combined capabilities of design and engineering tools utilizing multiple CAD systems and model based definition, as well as machining, fabrication, assembly and program management, we have significantly strengthened our turn-key service offerings, said Jeff Daniel, President and CEO of Burtek. "Scott Wallace, [President of Votaw], has been with Votaw since 1981 and has assembled a very strong team of industry veterans with impressive capabilities to serve the most demanding customer applications," commented Rick Votaw, member of the Votaw family.
"We have extended our capabilities and capacity for growth our geographic footprint now covers a wider area, our machining and fabrication capabilities are second to none, and we have targeted a flex capacity strategy to enable us to serve and support our most valued customers," said Scott Wallace, President of Votaw Precision Technologies.
Burtek and Votaw will continue to operate independently, with current management teams in place, out of their existing facilities under Burtek Holdings Inc. with Wynnchurch Capital as the major shareholder. Terry Theodore, Managing Partner of Wynnchurch Capital comments, "this combination brings together over 70 years of experience, customer focus and performance excellence. Together, Burtek and Votaw have demonstrated that they can meet or exceed customer's expectations across a broad range of demanding applications."
The acquisition was completed on April 30th, 2014. Financial details of the deal were not disclosed.
About Burtek Enterprises
Burtek Enterprises Inc., founded in 1987 and based in Chesterfield, MI, is a well-recognized market leader that provides highly engineered, integrated solutions for mission & safety critical applications for the Aerospace, Defense, Energy and Industrial markets. For more information, visit www.burtekenterprises.com.
About Votaw Precision Technologies
Votaw Precision Technologies, Inc., founded in 1963 and based in Santa Fe Springs, CA, is well recognized as a provider of 5-axis machining, large turning, flight hardware, ground support equipment and integration services of large and complex mission critical applications for the spaceflight, aerospace, defense and commercial end markets. For more information, visit www.votaw.com.
Media Contact: Kevin Schrage, VP of Compliance - Burtek Enterprises Inc. (313-806-2394)
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