XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it acted as the exclusive advisor to Mitchell Aircraft on the sale of its PMA division, Mitchell PMA, to Jet Parts Engineering (JPE), a portfolio company of Vance Street Capital.

Mitchell Aircraft, based in Cary, IL, is a well-established parts distribution company serving the aerospace industry. Mitchell PMA specializes in FAA-approved airframe and accessory replacement parts, offering a diverse catalog of over 170 components, including rudder balance weights, engine cooling hoses, and cargo door lanyards. Mitchell PMA’s extensive expertise in engineering and design solutions has established it as a trusted provider of high-quality PMA parts.

JPE, headquartered in Seattle, WA, is a recognized leader in developing PMA parts, DER repairs, and MRO services for commercial aircraft. With the acquisition of Mitchell PMA, JPE expands its product offerings and strengthens its ability to serve the evolving needs of its global customer base.

Mitchell Aircraft will continue to operate its OEM distribution business, independent of Mitchell PMA.

“This transaction exemplifies XLCS Partners’ deep expertise in the aerospace sector,” said Joe Contaldo, Partner and Head of XLCS’s Aerospace & Defense Practice Group. “Our ability to match Mitchell PMA with a strategic partner like JPE reflects our industry knowledge and commitment to delivering optimal outcomes for our clients.”

XLCS acted as the exclusive M&A advisor to Mitchell Aircraft, and the transaction was led by Anthony Contaldo, Partner and Reed McMahon, Senior Associate. The transaction was completed on October 1, 2024.

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

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as the exclusive advisor to Creative Assembly Systems (CAS) on its sale to All State Fastener (ASF).

CAS, headquartered in Chillicothe, OH, is a full-line authorized supplier of industrial products and support for heavy-duty vehicles and other machinery. The company offers a comprehensive range of products, including fasteners, Class C components, abrasives, and other items, along with value-added services such as manufacturing support services (MSS), select vendor-managed inventory (VMI), and print customization.

For over 44 years, ASF has been a global leader in the fastener industry, serving the automotive, heavy truck, transportation, heavy equipment, electronics, and construction sectors. Headquartered in Roseville, MI, ASF specializes in both production and MRO fastener requirements, holding ISO 9001:2008 and Ford Q1 certifications. In 2006, ASF expanded into the aerospace industry with AS 9021 certification, demonstrating a commitment to quality and innovation.

This strategic integration will enhance ASF’s market share and competitive advantage, providing added resources to better serve existing customers while driving growth in the core business. CAS General Manager Seth Ucker will continue to lead the CAS business and oversee all employees and branches in Chillicothe, OH, and Denton, TX.

“This transaction marks a significant milestone as our 20th fastener-related deal, further solidifying XLCS Partners’ expertise in the sector,” said Anthony Contaldo, Partner and Head of XLCS’s Industrial Distribution Practice Group. “Our deep industry knowledge and strong relationships within the fastener industry continue to drive successful outcomes for our clients. We’re proud to have partnered with CAS and are excited for their next chapter with ASF.”

XLCS acted as the exclusive M&A advisor to CAS, and the transaction was led by Joe Contaldo, Partner, and Reed McMahon, Senior Associate. The transaction was completed on July 12, 2024, and marks the firm’s 20th fastener and industrial distribution transaction.

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

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as advisor to Advantage Plumbing & Sewer (APS) on its sale to Four Seasons Heating & Air Conditioning (Four Seasons), a portfolio company of Cortec Group.

APS, headquartered in Elgin, IL, is a leading provider of residential and commercial/industrial plumbing, drain cleaning, and sewer maintenance, repair, and installation services. Established a decade ago, APS offers on-demand 24/7 services and completes over 5,000 service calls annually. With approximately 73% of its revenue derived from residential services and 27% from commercial/industrial services, APS has built a solid reputation for reliability and efficiency.

Four Seasons, headquartered in Chicago, IL, is the leading provider of HVAC, plumbing, and electrical repair and replacement services to homeowners in the Chicagoland area. Since its inception in 1995, Four Seasons has been committed to delivering high-quality service and value to its customers, making it the largest and most trusted provider in its markets. Four Seasons is a portfolio company of New York-based Cortec Group, a private equity firm that partners with entrepreneurial management teams to drive growth.

Brian McKenna, President of APS, commented, “The XLCS team was instrumental in guiding us through the process and helping us find the perfect partner for APS. Their deep industry expertise, strategic insights, and commitment to achieving the best possible outcome were clear from the start. Thanks to Anthony and the XLCS team, we are confident that Four Seasons is the ideal fit, and we’re excited for what lies ahead.”

XLCS Partners acted as the exclusive M&A advisor to APS, and the transaction was led by Anthony Contaldo, Partner. The transaction was completed on June 26, 2023.

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

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as the exclusive advisor to Innodyne Systems (Innodyne) on its investment by FCAH Aerospace (FCAH), a portfolio company of O2 Investment Partners.

Innodyne, based in Bloomfield, CT, is an FAA/EASA Part 145 repair station specializing in MRO, DER, and OPP component services for airframe, composite, and electronic components. Established in 2004, Innodyne serves a broad mix of commercial, regional, and business jet customers, differentiating itself through extensive engineering capabilities with over 400 unique DER and OPP repairs in-house. Their expertise in composite and metallic structures includes flight controls, doors and fairings, radomes, wing leading edges, nacelles, exhaust, and various mechanical assemblies. Innodyne’s electronic lab specialties include control panels, control units, position transmitters, junction boxes, drain masts, power supplies, and wiring harnesses.

FCAH, headquartered in Louisville, KY, distributes aftermarket aircraft components worldwide, performs FAA-certified maintenance, repair, and overhaul services, and provides end-of-life aircraft disassembly and storage solutions. FCAH operates additional support locations in Miami, FL; Sunrise, FL; Victorville, CA; Istanbul, Turkey; and the United Kingdom. XLCS represented FCAH in their sale to O2 in 2020 and represented Aviation Inflatables and Survival Products in their investment by FCAH in 2022.

“XLCS has been a pleasure to work with and highly attentive to our transaction at every step of the process,” said John Mozonski, President of Innodyne. “Their experience in the aerospace industry enabled them to connect us with a great match in a matter of weeks rather than months.”

XLCS acted as the exclusive M&A advisor to Innodyne, and the transaction was led by Joe Contaldo, Partner and Head of XLCS’s Aerospace & Defense Practice Group, and Reed McMahon, Senior Associate. The transaction was completed on July 19, 2024.

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

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as exclusive advisor to Brown Paper Goods (BPG) on its sale to Inteplast Group.

Founded in 1918, BPG is a Safe Quality Food (SQF) certified manufacturer of single-use paper packaging products, including specialty bags, wraps, liners, wax paper, and self-opening style (SOS) bags for quick-service restaurants (QSR), grocery stores, and other foodservice customers. The paper manufacturer is located in Waukegan, Illinois, and Coppell, Texas, with four locations comprising plants and warehouses. In 2023, its leading sales included pinch-bottom bags for various prepared hot and cold foods; sandwich, foil, and sub wraps; self-opening sacks; tin tie bags; butcher and freezer rolls; and more. The company is now rebranded as Brown Paper Products and will operate under Inteplast Group’s IBS Division.

Established in 1991, Inteplast Group is a leading integrated plastics manufacturer founded on the idea of American manufacturing. Its products support diverse markets, including healthcare, foodservice, packaging, building products, grocery, retail, sanitation, industrial, and graphic arts industries. Headquartered in Livingston, New Jersey, Inteplast Group now employs over 7,000 employees and operates more than 50 facilities, including its flagship manufacturing complex in Lolita, Texas.

“Many of my friends have sold companies,” said Allen Mons, BPG Owner. “Over the years, I’ve watched their processes and results. None achieved a better process than XLCS. I was most fortunate to have Anthony Contaldo deftly help my company and me through complex and sometimes nuanced situations. From the start through to a successful close, he helped people on both sides navigate efficiently, calmly, and clearly.”

XLCS acted as the exclusive M&A advisor to BPG, and the transaction was led by Anthony Contaldo, Partner and Matt Crabtree, Senior Associate. The transaction was completed on April 2, 2024.

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

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as exclusive advisor to Hendrick Manufacturing (Hendrick), on its sale to Etnyre International Ltd (Etnyre).

Hendrick was established in 1876 as a manufacturer of perforated metal screens, serving the oil filtration and coal industries. The company grew in size and scope, and in 1974, it expanded into other industrial screens, forming the Hendrick Screen division. With operating facilities in Carbondale, Pennsylvania, and Owensboro, Kentucky, Hendrick manufactures industrial perforated products, industrial wedge wire and profile bar screen products, and aesthetically pleasing architectural products for interior and exterior spaces. Serving over 750 customers across 15 diverse market segments in North America and 35 countries globally, Hendrick is the leading private provider of perforated metals and screen products.

Founded in 1898 and headquartered in Oregon, Illinois, Etnyre proudly manufactures a wide range of equipment that serves the asphalt roadbuilding industry, from asphalt distributors to chip spreaders and storage tanks to trailers. With this acquisition, the Etnyre group of companies now includes Hendrick, E.D. Etnyre & Co., SMF, and BearCat Mfg. This acquisition expands Etnyre’s metal manufacturing presence in new markets.

At the end of 2020, XLCS represented SMF in its sale to Etnyre. SMF specializes in first-class machining and metal fabrication. The SMF acquisition diversified Etnyre’s footprint in the manufacturing sector to serve existing customers and enter into oil and gas, power generation, and wind power industries.

XLCS acted as the exclusive M&A advisor to Hendrick, and the transaction was led by Bob Contaldo, Managing Partner and head of the firm’s Metal Fabrication Industry Practice Group, along with Eric Schoendorf, Vice President, and David Silva, Associate. The transaction was completed on May 6, 2024.

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