XLCS Partners, Inc., an investment banking firm providing M&A advisory services, is pleased to announce it served as the exclusive advisor to NSL Aerospace on its sale to Bron Tapes, a portfolio company of Rotunda Capital Partners.

Based in Magnolia, Texas, NSL has been a trusted supplier to the aviation industry since 1989. The company provides aerospace-approved adhesives, silicones, sealants, and surface preparation products, with proprietary PMA products and repackaging capabilities. NSL is AS 9100D and ISO 9001:2015 certified, Nadcap accredited, and serves a global customer base of MROs, airlines, OEMs, and chemical management firms.

Founded in 1977 and headquartered in Denver, Colorado, Bron is the premier producer, converter, and distributor of pressure-sensitive tapes, adhesives, and innovative solutions in North America. With 11 production and distribution centers across the United States, Bron supports more than 13,000 customers in over 50 countries across a wide range of end markets, including aerospace and defense, automotive, electronics, building and construction, medical, and general manufacturing.

As part of the transaction, NSL will continue to operate under its established brand as a division of Bron Aerotech. This alignment preserves NSL’s trusted market presence while providing greater resources to expand product offerings and elevate service to customers around the world.

XLCS acted as the exclusive M&A advisor to NSL, and the transaction was led by Joe Contaldo, Partner, and Noah Shertzer, Senior Associate. The transaction was completed on July 31, 2025.

“The XLCS team was truly exceptional,” said Jim Carney, President of NSL. “Their expertise in aerospace M&A is unmatched. Joe and Noah went above and beyond at every step, guiding us with not only professionalism but also with genuine kindness and care. We are grateful for their dedication and the heart they put into helping us reach this milestone.”

“This process was a resounding success for the great people involved, and we are excited for both NSL and Bron on this partnership,” said Joe Contaldo, Partner and Head of XLCS’ Aerospace & Defense Group. “This transaction highlights the growing market demand for aerospace consumables, chemicals, and PMA products, and we are excited to be on the cusp of what we expect to be a wave of interesting M&A activity in the space.”

This transaction follows two significant PMA and DER/MRO transactions recently completed by XLCS Partners – CIMA Aviation and Mitchell PMA – both acquired by Jet Parts Engineering in separate transactions.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally and is recognized for its vast experience advising owners of Aerospace & Defense businesses. More information can be found at www.xlcspartners.com.

XLCS Partners, Inc., an investment banking firm providing M&A advisory services, is pleased to announce it served as the exclusive advisor to AFCO Industries, Inc. (AFCO) on its sale to Fulton Asset Management (FAM).

Founded in 1946, AFCO is a premier, vertically integrated building products manufacturer of Made in the USA stock and made-to-order columns and railings for decks, walkways, entrances, and porches, as well as millwork door products for residential and multi-family properties. The company specializes in aluminum, fiberglass, vinyl, and composite products, and is one of the few manufacturers in the country with two seven-inch aluminum extrusion presses (1,675 and 1,800 tons). AFCO also operates a full-service contract manufacturing and CNC metal fabrication business that supports both its branded building products and a growing base of OEM customers. The company is headquartered in Alexandria, Louisiana.

FAM is a diversified family office with a long-term investment philosophy, backing middle-market businesses across the industrial, manufacturing, and business services sectors. FAM provides patient capital and operational support to build enduring value in its portfolio companies.

As part of the transaction, the AFCO leadership team will remain in place and continue to lead the company’s day-to-day operations.

“After careful consideration, we chose XLCS over a Big Four firm for their hands-on leadership and proven strategy to maximize value for our employee-owners,” shared Don Fowler, AFCO President and CEO. “Unwinding an ESOP can be complex, but XLCS was with us every step of the way. Their results-driven approach generated significant interest and ultimately delivered the best possible buyer for our company. I’m genuinely grateful we chose them to guide us through this process. If I ever had to sell another company, XLCS would, without hesitation, be my first call.”

XLCS acted as the exclusive M&A advisor to AFCO, and the transaction was led by Anthony Contaldo, Partner; Eric Schoendorf, Vice President; and David Silva, Senior Associate. The transaction was completed on July 31, 2025.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information can be found at www.xlcspartners.com.