High-growth precision aerospace manufacturer acquired by PE-backed industry 4.0 platform

Deal Flash

IDL Precision Machining (IDL), an engineering-focused manufacturer of highly complex precision components and assemblies primarily for the aerospace & defense end market, has been acquired by CORE Industrial Partners portfolio company Cadrex Manufacturing Solutions (Cadrex).

The aerospace & defense precision manufacturing M&A market remains robust, particularly within the defense vertical. With global conflict and threat rising, levels of support remain strong in the USA and elsewhere for increased defense spending — driving growing demand for the production of military aircraft, ships, missiles and other defense systems. In addition, the commercial aerospace market is rebounding as air travel resumes in the post-COVID-19 world.

We would like to express our thanks to Oaklins Janes Capital Partners for their hard work and professionalism. They did an outstanding job guiding us through the M&A process and facilitating a successful transaction. They really understood our business, knew how to position it and who to talk to and why. The outcome comfortably met our expectations and we could not be happier as we partner with Cadrex and CORE Industrial Partners going forward. ROBERT PEHA, CO-PRESIDENT, IDL PRECISION MACHINING, USA

Oaklins played a key role in facilitating this transaction

Oaklins Janes Capital Partners, our aerospace, defense & security team in Irvine, acted as the exclusive sell-side advisor to the shareholders of IDL Precision Machining. The team was engaged throughout the entire sale process from the drafting of marketing materials and presentations, development of potential strategic and financial buyer lists, due diligence management, negotiation and overall guidance through closing of the transaction.

Talk to our advisors