MPE Partners has sold the OEM Manufacturing Division of the B&E Group to Cadence Aerospace, a portfolio company of Washington, D.C.-based Arlington Capital Partners.
The B&E Group, headquartered in Southwick, Massachusetts, is a manufacturer of complex, precision machined aerospace and defense components.
"MPE served as a great strategic partner and sounding board for our team as we executed on an aggressive growth plan, developed our best-in-class employee base, and further enhanced our robust manufacturing capabilities,” B&E Group President and COO Bob Quaglia said in a statement. “We have enjoyed the partnership with MPE and are proud of the foundation we have built together."
MPE Partners Peter Taft added: "We are proud of the investment made into both the people and the infrastructure to support the company's growth trajectory, as the B&E Group was able to scale successfully and nearly double its earnings organically since our original investment."
Houlihan Lokey advised the B&E Group on the transaction and Jones Day served as legal counsel.
Terms of the transaction were not disclosed.
MPE Partners is based in Cleveland and Boston.