Shimtech Industries is the global leader in the manufacture and supply of high performance ‘shims’, a key component used by the global commercial and military aerospace markets to isolate two materials in the assembly of aerostructures.
The opportunity to acquire the business arose when Shimtech’s parent needed to raise capital to reduce leverage in its business. During the investment period, the company completed the acquisitions of Performance Plastics Inc. and Angeles Composite Technologies Inc., manufacturers of composite aerospace components and assemblies.
In May 2015 Shimtech was sold to Auctus Industries and Inflexion in a transaction totalling $220 million.
This investment was made by Bridgepoint Development Capital.
To learn more about the company, click here.