Applied Composites Holdings, LLC, an aerospace, space and defense composites supplier, has acquired The Companies of North Coast, LLC, a manufacturer of Resin Transfer Molded composite structures and tooling, from Unitech Holdings, Inc. Terms of the transaction were not disclosed.
This marks the sixth acquisition by the Applied Composites platform created by AE Industrial Partners, LP ("AEI"), a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets.
North Coast consists of North Coast Composites and North Coast Tool & Mold, Unitech divisions located in the same facility in Cleveland, OH. North Coast Composites is a manufacturer of advanced composites for aerospace production through state-of-the-art fabrication of RTM and Vacuum-Assisted Resin Transfer Molded ("VARTM") components. North Coast Tool & Mold Corp. is a designer and manufacturer of quality molds and tools for the aerospace industry and a provider of a wide range of innovative manufacturing solutions. With a reputation for stellar customer service, North Coast counts many of the world's leading aerospace and defense OEMs as customers.
Kirkland & Ellis served as legal advisor and RSM served as financial advisor to Applied Composites. Vedder Price P.C. was the legal advisor and Moelis was the financial advisor to Unitech.