Avem Partners Announces Acquisition of Astech Engineered Products, Inc.
Benzinga Avem Partners ("Avem"), a leading private equity firm specializing in lower middle market aerospace and industrial investments, is pleased to announce the successful acquisition of Astech Engineered Products, Inc. ("Astech" or the "Company"), a pioneer in the design and manufacture of innovative aerostructure solutions. True West Capital Partners provided capital in support of this acquisition, alongside significant investment from Avem principals, several aerospace industry executives and other high net worth individuals. This acquisition marks a significant milestone for Avem as the firm expands its presence as an aerospace and defense investor, as well as for Astech as it refocuses on serving longstanding customers and collaborating to develop new business inroads.
Astech, known as the premier supplier of welded honeycomb metallic aerostructures to the global aerospace and defense industry, aligns perfectly with Avem's strategic focus on the aerospace and defense industry. The opportunity to acquire Astech provided a unique opportunity for Avem to leverage its industry knowledge and financial resources to augment Astech's proven capabilities and position it for long-term success.
