Edgewater Growth Capital Partners V, L.P. (“Edgewater”) is pleased to announce its investment in Parker Manufacturing Group (“Parker” or the “Company”), a leading manufacturer of highly engineered precision fasteners serving the aerospace & defense, semiconductor capital equipment, and general industrial end markets. Parker operates through three entities: Parker Fasteners, CBS, and Twist Tite. Headquartered in Buckeye, Arizona, the Company was co-founded by Robert Parker and is led by Chief Operating Officer Geoff Tumang, both of whom will continue with the business following the transaction.

Edgewater is excited to partner with Robert Parker and Geoff Tumang to accelerate Parker’s next phase of growth. The investment advances Edgewater’s strategy of building a leading manufacturer and value-added provider of highly engineered fastening solutions. Edgewater intends to support the Company’s continued expansion through a combination of organic growth initiatives and strategic acquisitions.

“The investment in Parker advances our strategy of building a leading platform of highly engineered fastening solutions,” said Greg Rawlings, Chief Executive Officer of Edgewater’s Fastener Platform. “Parker’s differentiated manufacturing capabilities, technical expertise, and longstanding customer relationships strengthen our platform and expand our ability to serve customers across the aerospace, defense, and semiconductor markets with mission-critical fastening solutions.”

Parker builds on Edgewater’s deep investment experience in the aerospace and defense sector. Edgewater’s active holdings include leading aerospace and defense suppliers Orizon, Turbine Engine Specialists, and Spartan Aerospace Group, where the firm has partnered with management teams to strengthen and expand their capabilities in support of critical aerospace and defense programs. This experience provides Edgewater with a strong understanding of the sector’s operating dynamics and customer requirements and positions the firm well to support Parker’s continued growth.

Edgewater partners with outstanding management teams to accelerate growth and create long-term value. The firm is a flexible partner capable of executing both control and non-control investments. For additional information, please contact us at info@edgewaterfunds.com.