Edgewater Growth Capital Partners III, L.P. is pleased to announce the acquisition of two additional companies within its portfolio company Unitech Holdings, Inc. (“Unitech”). Unitech, which Edgewater acquired in 2012 in partnership with Acorn Growth Companies, designs, develops and manufactures high performance parts for the aerospace and defense industry in North America. The two recent acquisitions significantly expand Unitech’s global operations and more than doubles the company’s revenue and EBITDA.
Since 2012, Unitech acquired Paul Holdings, Ltd. (“Paul”) and W&J Tod Holdings, Ltd. (“Tods”) in separate transactions. Both companies are based in the United Kingdom and provide outstanding technical design and component manufacturing to aerospace and related industries. Paul specializes in complex aircraft engine assemblies comprised of alloys and exotic metals that are difficult to form. Tods designs and manufactures a broad array of composite products for the aerospace, naval and land based defense industries. These companies serve primarily European based customers including Airbus, Rolls Royce, Augusta Westland, BAE and the Royal Air Force and Navy.
With the acquisitions of Paul and Tods, Unitech has significantly expanded its global footprint, technological design capabilities, customer base and product offering. The combined company is uniquely positioned as a global supplier to the entire aerospace industry by providing specialized components in original equipment manufacturing and maintenance for commercial aircraft and defense industries around the world.