Acquisition positions FDH Aero as a leading electronics distributor, with new capabilities in electrical and electronic components
COMMERCE, California, April 27, 2023 /PRNewswire/ -- FDH Aero ("FDH"), a global provider of supply chain solutions to the aerospace and defense industry, has acquired BJG Electronics Group ("BJG"), a provider leader of electromechanical and interconnect products for the defense, commercial aerospace and space end markets.
Headquartered in Ronkonkoma, New York and founded in 1979, BJG serves both original equipment manufacturers and aftermarket service providers in the aerospace and defense industries. The acquisition of BJG broadens and deepens FDH Aero's role in the aviation and defense supply chains, and will provide both FDH Aero and BJG customers with access to a broader range of products and services.
"The combination of FDH Aero and BJG enhances our capabilities in aerospace and defense electronics and advances our vision to be the most trusted supply chain partner for our customers and suppliers," said Scott Tucker, CEO of FDH Aero. With BJG, FDH Aero is able to provide an expanded product offering that improves supply chain efficiencies in a market that understands the strategic importance of supply availability and timeliness."
Following the acquisition of BJG, FDH Aero will create the FDH Aero Electronic Products Group ("FDH EPG" or "EPG"), a division that will focus on supply chain excellence in the electrical and electronic component product category, along with with our industry-leading franchises for hardware, chemicals, and consumables for the aerospace, defense, and space end markets. Mitch Enright, current president of Electro Enterprises, Inc, acquired by FDH in July 2022, will be appointed president of FDH EPG. As a unified division, FDH EPG will offer an industry leading range of electromechanical and interconnect products and services.
"The creation of the Electronic Products Group is a clear indication to our suppliers and customers that FDH Aero will maintain its focus on service, quality and supply chain excellence," Enright said. These efforts will allow us to better serve our customers and supplier partners, while continuing to act as an integral piece of the total FDH Aero solution."
Following closing, BJG's President and CEO, Glenn Davidson, will take an active advisory role in supporting the integration. The current BJG team will continue to run day-to-day operations.
"Our BJG team is delighted to join FDH EPG to form what will be an industry leader focused on service excellence and product experience. This transaction combines two premier providers of military and aerospace electronic interconnect products" Davidson stated. I look forward to supporting the integration strategy and working closely with Scott, Mitch and the entire FDH Aero team to continue executing on our shared strategic vision."
Kirkland
Houlihan Lokey acted as exclusive financial advisor to BJG.
About FDH AeroFDH Aero is a trusted global supply chain partner for aerospace and defense companies. With more than 55 years of experience, he specializes in C-Class components including hardware, electrical, chemical and consumable products and services for global OEM and aftermarket customers. FDH is headquartered in Commerce, California, and operates in North America, Europe, and Asia. With the acquisition of BJG, FDH Aero has a presence in 14 countries around the world, has more than 1,000 employees and more than 650,000 square feet of inventory space.
For more information visit the website at FDHAero.com.
About BJG Electronics GroupBJG Electronics Group is a value-added distributor and manufacturer of high-reliability electronic components headquartered in Ronkonkoma, New York. The company's six US locations are ISO9001:2015 and AS9100:2016 certified and are committed to consistent, on-time delivery with their extensive inventory of assembled products and components. With 32 franchised lines, more than 300,000 unique part numbers, and 125,000 square feet of warehouse space, BJG's comprehensive product offering provides standard and engineered solutions that meet electromechanical and interconnect requirements in harsh environments. BJG is an authorized supplier to the world's leading defense, commercial aviation and space OEMs. For more information, visit the website www.bjgelectronics.com.
About Audax Private Equity Headquartered in Boston and San Francisco, Audax Private Equity is a leading mid-market investment firm with approximately $16 billion of assets under management, more than 185 employees and more than 85 investment professionals. Since its founding in 1999, the company has invested in more than 160 platforms and 1,200 complementary acquisitions. Through our disciplined Buy approach
Audax Private Equity is part of the Audax Group, one of the leading alternative investment managers, with approximately $36 billion in assets under management. For more information, visit AudaxPrivateEquity.com or follow us on LinkedIn.
ContactHeather RosenowVice President of Marketing and CommunicationsMediaRelations@fdhaero.com
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