Applied Composites Holdings LLC, an aerospace and defense composites supplier, acquired North Coast LLC, a resin transfer molded composite structure manufacturer, from Unitech Holdings Inc. Financial terms of the transaction were not disclosed.
This is the sixth acquisition by Applied Composites. The Applied Composites platform was created by the private equity firm AE Industrial Partners LP, which specializes in aerospace, defense and government, power and utility services, and special industrial markets.
North Coast consists of the two Unitech divisions North Coast Composites and North Coast Tool & Mold, which are both based out of Cleveland, OH. North Coast Composites manufactures composites for aerospace production while North Coast Tool & Mold manufactures molds and tools for the aerospace industry.
“We are excited for North Coast to become a part of Applied Composites,” said David Horner, CEO of Applied Composites. “North Coast’s best-in-class RTM and tooling capabilities are important to Applied Composites and help to reinforce our leadership position in advanced composite solutions throughout our core aerospace, defense and space markets.”
Kirkland & Ellis served as legal advisor and RSM served as financial advisor to Applied Composites. Vedder Price P.C. was the legal advisor and Moelis was the financial advisor to Unitech.