IDL Precision Machining has been acquired by Cadrex Manufacturing Solutions
September 2022 — The shareholders of IDL Precision Machining (IDL) have sold the company to Cadrex Manufacturing Solutions (Cadrex).
Based in Mukilteo, Washington, IDL offers CNC machining, including horizontal milling, vertical milling and turning, to serve customers from initial design and concept engineering through product development, prototyping and qualification to full-scale production. As a result, IDL is considered a key development partner for its customers, often securing single-source positions on prominent high-growth platforms and mission-critical applications in the aerospace and defense and industrial end markets. Within the aerospace and defense end market, IDL serves a variety of sub-segments and applications, including C4ISR, electronic warfare, space, commercial avionics, aircraft controls, interiors and in-flight entertainment. Founded in 1987, IDL operates an AS9100- and ISO 9001-certified and ITAR-registered facility, with a fleet of over 50 machines.
Cadrex is a leading provider of complex sheet metal and machined production parts, assemblies and weldments for a variety of end markets, including aerospace and defense, information communication technology, energy transmission and distribution, food production and agriculture, medical, material handling, and electronic gaming and kiosk. With locations in eight states and Mexico, Cadrex offers comprehensive in-house manufacturing capabilities, including laser cutting, sheet metal fabrication, injection molding, electromechanical assembly, CNC punching, CNC machining, robotic welding, stamping, fastener insertion, and tool and dye manufacturing, to effectively serve customers with lights-out manufacturing capabilities from low- to high-volume production.
Our role in the transaction
Oaklins Janes Capital, our aerospace, defense & security team in Irvine, California, advised IDL Precision Machining on its sale to Cadrex Manufacturing Solutions, a portfolio company of CORE Industrial Partners.
Robert Peha
Co-President, IDL Precision Machining
Prata med transaktionsteamet
Relaterade transaktioner
Be-Cloud has been acquired by PSG Equity
Be-Cloud, backed by B&Capital since 2021, has been acquired by PSG Equity, a leading growth equity firm specializing in software and technology-enabled services. The transaction marks the full exit of B&Capital and the reinvestment of Be-Cloud’s founders, Lenny and Sébastien Vercruysse, alongside PSG Equity.
Lär dig merMattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Lär dig merCibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Lär dig mer