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Reliable Manufacturing Company is manufacturer
of complex and semi-complex aircraft components
and assemblies for the commercial, business and
military markets. Reliable designs, engineers,
and manufactures high quality parts made from
titanium, aluminum, and several varieties of
nickel-based alloys -- all components for the
“hot” section of jet engines.
Whitcraft
LLC's acquisition of Reliable marks its third
acquisition in five years. Whitcraft acquired
Connecticut Tool and Manufacturing in 2004 and
the A. O. Sherman Company in 2006.
Terms of the transaction were not disclosed.
Investors in this transaction included Golub
Capital and Ironwood Capital who provided $25
million of mezzanine funding. Senior lenders
included Bank of America and Citizens Bank.
Carter Morse & Mathias was Reliable’s exclusive
financial advisor on this transaction. |
