Today's Transactions:
Kidd Picks Up Imaginetics
Imaginetics makes sheet metal for Boeing, Hexcel and other companies
Private equity firm Kidd & Co. LLC has purchased Imaginetics Inc., a metal fabrication and assembly company.
Auburn, Wash.-based Imaginetics makes products, including sheet metal, for Boeing Co. (NYSE: BA), Hexcel Corp. (NYSE: HXL), Spirit Aerosystems Holdings Inc. (NYSE: SPR) and Zodiac Aerospace, among other companies.
BMO Harris Bank NA provided senior debt, while Centerfield Capital Partners provided subordinated debt and equity for the deal.
Kidd, headquartered in Old Greenwich, Conn., is the private investment arm of the Kidd Family office. The company focuses on lower-middle market investments. The firm was started by William Kidd, who has been investing his own capital and acquiring privately-held companies since 1976. Kidd previously was a founding partner at private equity firm Kidd Kamm & Co. and a senior operating officer at 15 Broad Street Corp., a venture-capital subsidiary of Morgan Guaranty Trust Co. Kidd & Co.’s partners invest their own money into transactions.
Terms of the deal weren’t disclosed.
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