Company News: Page (1) of 1 - 07/10/13 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook

Sheffield Manufacturing Acquired by Hancock Park Associates & Next Point Capital

  (July 10, 2013)
Sheffield Manufacturing Acquired by Hancock Park Associates & Next Point Capital

Los Angeles, CA (PRWEB) July 10, 2013

Hancock Park Associates (HPA) and Next Point Capital (NXT) announced the recent acquisition of Sheffield Manufacturing (Sheffield or the Company), a leading North American producer of precision-machined components for the aerospace industry. Salem Partners, a Los Angeles investment bank and wealth management firm, advised the Company in the transaction. The financial terms of the deal were not disclosed.

Based in the greater Los Angeles, CA area, Sheffield Manufacturing is a leading provider of precision machining, sheet metal, and welding products to the aerospace industry. A dedicated and skilled staff produces and delivers high-quality parts for a variety of commercial and military aircraft for premier customers such as Boeing, Lockheed-Martin, and Northrop Grumman. Using CNC and conventional profiling equipment, the most sophisticated CAD programs, and concurrent engineering support, the Company responds quickly to requirements for all sizes of build-to-print parts and complete assemblies from its three manufacturing facilities (Sheffield - Sun Valley, CA; Sheffield - Torrance, CA; and Fortune Manufacturing, Chino, CA). Materials include aluminum, stainless steel, titanium, magnesium, copper, phenolic, nylon, brass, and Inconel.

Gene Ruddy, CEO of Sheffield, added, We are excited about the opportunity to partner with HPA and NXT, which have an in-depth understanding of our business and industry. We are very pleased to have long-term oriented and experienced strategic investors that will support our strategy of producing high quality products.


Mike Fourticq, Sr. Managing Partner of Hancock Park Associates, said, We are thrilled to invest in such a high quality company. The Company is well-positioned within the industry and we are very bullish on the Companys future prospects.

Mark Mickelson, Managing Partner of Next Point, added, "We are really excited to team up with Hancock Park Associates given their deep expertise in aerostructures. We also look forward to supporting management with their strategic growth plans.

About Hancock Park Associates
HPA is a Los Angeles based private equity firm founded in 1986 with over $400 million invested in middle market companies since 2002. With offices in Los Angeles and Houston, the firms principals have extensive experience investing in and partnering with management teams across a broad range of industries. For additional information please visit http://www.hpcap.com.

About Next Point Capital
Next Point Capital is a private equity firm focused on buyouts, recapitalizations and restructurings in the lower middle market. For additional information please visit http://www.nextpointcapital.com.

Contacts:
For Hancock Park Associates
Mike Fourticq Jr.
310.228.6904
mfourticq@hpcap.com

For Next Point Capital
Mark Mickelson
310.295.2221
mark@nextpointcapital.com

Read the full story at http://www.prweb.com/releases/2013/7/prweb10911871.htm.


Page: 1


Related Keywords:


DMO TEXT LINKS
(Click here to place a textlink on this site)

Get 10 days of free unlimited access to lynda.com.
What do you want to learn today? Online video tutorials to help you learn software, creative, and business skills.
Click Here!


dual core computers
Pentium Dual-core E5300 2.6GHz Desktop Processor (2.6GHz - 800MHz FSB - 2MB L2 - Socket T LGA-775 - Tray)
By Intel, start from $ 77.29
Core i3 i3-3220 Dual-core 2 Core 3.30 GHz Processor - Socket H2 LGA-1155OEM Pack (512 KB - 3 MB Cache - 5 GT/s DMI - Yes - 22 nm - HD 2500 Graphics - 55 W)
By Intel, start from $ 133.59
Core i5 i5-2510E Dual-core 2 Core 2.50 GHz Processor - Socket PGA-988OEM Pack (512 KB - 3 MB Cache - 5 GT/s DMI - Yes - 32 nm - 35 W - 212°F 100°C)
By Intel, start from $ 281.26
SuperServer 6016T-UF Barebone System (Intel 5520 - Socket B - Xeon Quad-core, Xeon Dual-core - 96GB Memory Support - DVD-Reader DVD-ROM - Gigabit Ethernet, Fast Ethernet - 1U Rack)
By Supermicro, start from $ 858.86
Core i3 i3-540 Dual-core 2 Core 3.06 GHz Processor - Socket H LGA-1156 (256 KB - 4 MB Cache - Yes - 32 nm - 73 W - 162.7°F 72.6°C - 1.4 V DC)
By Intel, start from $ 133.53
SuperServer 6016T-MR Barebone System (Intel 5500 - Socket B - Xeon Quad-core, Xeon Dual-core - 24GB Memory Support - DVD-Reader DVD-ROM - Gigabit Ethernet - 1U Rack)
By Supermicro, start from $ 624.56
HOT THREADS on DMN Forums
Content-type: text/html  Rss  Add to Google Reader or
Homepage    Add to My AOL  Add to Excite MIX  Subscribe in
NewsGator Online 
Real-Time - what users are saying - Right Now!

@ Copyright, 2014 Digital Media Online, All Rights Reserved