FDH Aero Acquires BJG Electronics Group
April 28, 2023 | PRNewswireEstimated reading time: 2 minutes
FDH Aero, a global provider of supply chain solutions for the aerospace and defense industry, has acquired BJG Electronics Group, a leading provider of interconnect and electromechanical products for the defense, commercial aerospace, and space end-markets.
Mitch Enright, current President of Electro Enterprises, Inc. which was acquired by FDH Aero in July 2022, will be named President of FDH EPG. As a unified division, FDH EPG will offer an industry-leading range of interconnect and electromechanical products and services.
Mitch Enright, current President of Electro Enterprises, Inc. which was acquired by FDH Aero in July 2022, will be named President of FDH EPG. As a unified division, FDH EPG will offer an industry-leading range of interconnect and electromechanical products and services.
Based in Ronkonkoma, NY, and founded in 1979, BJG serves both OEMs and aftermarket-services providers in the aerospace and defense industry. The acquisition of BJG broadens and deepens FDH Aero's role in the aviation and defense supply chains, and will provide both FDH Aero and BJG customers access to a more expansive range of products and services.
"The combination of FDH Aero and BJG enhances our capabilities in aerospace and defense electronics and advances our vision of being the most trusted supply chain partner to our customers and our suppliers," said Scott Tucker, Chief Executive Officer at FDH Aero. "With BJG, FDH Aero can provide an expanded product offering that improves supply chain efficiencies in a market that understands the strategic importance of supply availability and on-time performance."
Following the acquisition of BJG, FDH Aero will establish FDH Aero Electronic Products Group ("FDH EPG" or "EPG"), a division that will focus on supply chain excellence in the electrical and electronic components product category, alongside our industry-leading hardware, chemical and consumable franchises for the aerospace, defense, and space end-markets. Mitch Enright, current President of Electro Enterprises, Inc., which was acquired by FDH in July 2022, will be named President of FDH EPG. As a unified division, FDH EPG will offer an industry-leading range of interconnect and electromechanical products and services.
"The establishment of the Electronic Products Group is a clear indication to our suppliers and customers that FDH Aero will maintain its focus on service, quality, and supply chain excellence," noted Enright. "These efforts will allow us to better serve our customers and supplier partners while continuing to act as an integral piece of the total FDH Aero solution."
Post-closing, BJG's Chairman and CEO Glenn Davidson will transition into an active advisory role to support the integration. Day-to-day operations will continue to be led by the existing BJG team.
"Our BJG team is delighted to be joining with FDH EPG in forming what will be an industry leader focused on service excellence and product expertise. This transaction combines two premier providers of military and aerospace electronic interconnect products," said Davidson. "I look forward to supporting the integration strategy and working closely with Scott, Mitch, and the entire FDH Aero team to continue to execute on our shared strategic vision."
Kirkland & Ellis, Holland & Knight, and Crowell & Moring served as the legal advisors to FDH on the transaction.
Houlihan Lokey served as the exclusive financial advisor to BJG.
Suggested Items
Altair Drives Aerospace Innovation at Motivo
10/17/2024 | AltairAltair, a global leader in computational intelligence, is proud to announce its collaboration with Motivo, a product engineering firm focused on translating forward-thinking visions into best-in-class products for clients in the mobility, energy, agriculture technology, and aerospace sectors. Motivo utilizes Altair’s unique combination of engineering consulting and software to drive innovation for organizations in the aerospace industry.
Airbus, Toshiba to Partner on Superconductivity Research
10/16/2024 | AirbusAirbus UpNext, a wholly-owned subsidiary of Airbus, and Toshiba Energy Systems & Solutions Corporation (Toshiba), Toshiba Group’s energy arm, will cooperate and mutualise experience on superconducting technologies for future hydrogen-powered aircraft.
Cicor Group Continues to Thrive in a Challenging Market
10/15/2024 | CicorRevenue increased by 26.3% to CHF 120.4 million, bringing the year-to-date total to CHF 351.7 million. The company's strong order intake, with a book-to-bill ratio of 1.01, indicates a healthy pipeline of future business.
Thinking Out of the Box: Pacific Northwest EMS Manufacturer Employs Successful Strategies With IPC
10/15/2024 | Michelle Te, IPC CommunityAllison and Chad Budvarson started Out of the Box Manufacturing, an EMS company in Renton, Washington, just one month after they were married in 2008. To stay competitive, they’ve utilized IPC’s workforce subscription and apprenticeship programs to train and maintain their staff. "Our relationship with IPC has evolved over the past several years," Allison says. "Initially, we saw IPC for its standards. But when I started attending the EMS Leadership Summit at APEX EXPO, I realized there was so much more to IPC, which opened more doors for us, creating growth and partnership opportunities I didn't realize were possible. For one, I like having frank conversations with EMS owners from other areas of the country, and I’m not worried they will steal my 'secret sauce.'"
FTG Announces Q3 2024 Financial Results; Revenues Up 18%
10/10/2024 | Firan Technology Group CorporationFTG's sales increased by $6.5M, or 17.7%, from $36.6M in Q3 2023 to $43.1M in Q3 2024. The revenue increase in Q3 2024 was driven by organic growth, including an increase in Simulator products sales of $1.2M, and favourable foreign exchange rates. Year-to-date, sales have increased by $21.6M, or 22.7%, compared to year-to-date 2023.