Copley Equity Partners, a private equity firm and family office headquartered in Boston, said that it has completed a growth investment into, AeroMed Group, to facilitate the company’s acquisition of etaGLOBAL, LLC.
Headquartered in Palestine, TX, etaGLOBAL is an Aerospace & Defense supply chain solutions provider whose offerings include distribution and inventory management of fasteners, hardware, bearings, seals, tooling and other engineered products designed to meet the stringent quality requirements of this industry as well as the high production demand expectations. In operation for more than 40 years etaGLOBAL holds long-standing relationships with tier one companies in the industry. EtaGLOBAL supports a world-class customer base including Northrup Grumman, GE Aviation, BAE Systems, Raytheon, General Dynamics, Parker-LORD Corporation among others.
“EtaGLOBAL is a well-respected leader in the fragmented Class-C part aerospace distribution market with over 40 years of operating history and long-standing, blue-chip customer relationships,” said Bob Spence, President and CEO of AeroMed. These are characteristics that AeroMed is seeking in other A&D supply chain management providers it would like to acquire.
AeroMed Group, based in Charlotte, NC, was founded as a leadership investment group managing and growing aerospace and defense small businesses. They will use Copley’s investment to assist in the company’s strategy to build a market-leading supply chain solutions provider to the aerospace and defense industries. Copley’s funding supported AeroMed’s acquisition of etaGLOBAL, a Palestine, TX-based distributor of Class-C parts to customers operating in the Aerospace & Defense sectors. As part of the transaction, Copley Equity representatives Peter Trovato, Sean Sullivan, and Dan Turk will participate on the AeroMed Board of Directors.
“Copley is thrilled to partner with the AeroMed and etaGLOBAL team,” said Peter Trovato, Managing Director of Copley Equity Partners. “Both the AeroMedand etaGLOBAL management teams have demonstrated a commitment to exceptional customer service and long history of supporting top companies in the Aerospace & Defense sector.”Trovato said his firm’s investment will help further build the AeroMed platform and support the company’s organic growth strategy and help them identify, and integrate, additional leading businesses under the AeroMed umbrella.
ABOUT AEROMED GROUP, LLC
Headquartered in Charlotte, NC, AeroMed Group was founded as a leadership investment group managing and growing aerospace and defense small businesses. Committed to the highest quality and compliance standards, its solutions include customer-centric supply chain services and technologies that result in improved outcomes.