Valence Surface Technologies Acquires H&W Global Industries
Valence Surface Technologies LLC is pleased to announce the acquisition of H&W Global Industries, Inc., a leading provider of surface treatment for highly engineered products in the aerospace and defense market in the Northeast region of North America.
EL SEGUNDO, Calif., Oct. 26, 2021 /PRNewswire-PRWeb/ -- Valence Surface Technologies LLC ("Valence") is pleased to announce the acquisition of H&W Global Industries, Inc. ("H&W" or the "Company"), a leading provider of surface treatment for highly engineered products in the aerospace and defense market in the Northeast region of North America. H&W, located in Blairsville, PA, provides surface treatment to many leading U.S. defense platforms and maintains key approvals with strategic A&D primes such as Northrop Grumman.
Founded in 2002 by husband and wife, Jean-Pierre Habets and Sandra Habets, H&W provides a wide variety of metal finishing services, including anodizing, electroplating, and industrial painting, specializing in BR-127 bond primer for leading defense applications. H&W operates out of an approximately 50,000 square foot manufacturing facility, which the Company has continually invested in through expansion and new equipment to maintain state of the art metal finishing technologies.
With the acquisition of H&W, Valence continues to execute on its customer-focused strategy to improve the aerospace and defense supply chain by creating an integrated platform that offers full-service product finishing solutions with industry-leading quality and lead times. Chris Celtruda, CEO of Valence, said "We are extremely excited to add H&W to the Valence platform. H&W's experience servicing top-tier customers in the aerospace and defense community will help enhance the Valence offering across our customer base, particularly in the Northeast where we have a complementary location in Springfield, MA."
Tudor Lupea, Vice President of Corporate Development, added, "H&W is strategically located in the greater Pittsburgh metro area and represents a key part of our strategy to deepen our footprint in the Northeast, while growing the portion of our business servicing enduring defense platforms."
As part of the transaction, H&W's existing management team and workforce will remain with the organization. Jean-Pierre and Sandra will remain in their current roles and will help integrate the business into the Valence platform. Jean-Pierre said, "Sandi and I look forward to the continued growth at H&W. The opportunities available to our H&W family are of the utmost importance, which was a key consideration in the transaction. H&W's future success through this merger and partnership with Valence will give us great joy."
Valence is majority owned by ATL Partners ("ATL") and British Columbia Investment Management Corporation ("BCI") who invested in Valence in June 2019 to accelerate Valence's strategic initiatives and support its continued growth. H&W represents the ninth add-on acquisition for Valence since inception, and the company will continue to pursue attractive M&A opportunities in both North America and Europe.
About Valence
Valence Surface Technologies is the world's largest independent provider of Aerospace product finishing services. With 12 locations and over 2,500 unique industry approvals, Valence processes more than 1 million parts per month. In addition to being Nadcap accredited, all Valence sites provide specialized metal processing and finishing services to a diversified set of fast-growing commercial aerospace, defense, and space/satellite markets. Valence partners with its customers to deliver best-in-class quality, turn times, and full-service supply chain solutions. For more information on Valence Surface Technologies visit valencesurfacetech.com
About ATL Partners
Founded in 2014, ATL Partners is a premier sector-focused private equity firm that invests in aerospace, transportation and logistics companies. ATL brings deep sector expertise to its investment approach with ten investment professionals and seven Executive Board members who have decades of combined operating experience in each of ATL's core sectors. For more information about ATL Partners, visit http://www.atlpartners.com
About BCI
With C$199.6 billion of assets under management as of March 31, 2021, British Columbia Investment Management Corporation (BCI) is one of Canada's largest institutional investors. Based in Victoria, British Columbia, BCI is a long-term investor that invests across a range of asset classes: fixed income; public equities; private equity; infrastructure; renewable resources; real estate; and commercial mortgages. BCI's clients include public sector pension plans, insurance, and special purpose funds. BCI's private equity program, with C$20.7 billion of assets under management, has a well-diversified portfolio comprised of direct and fund investments. The team brings industry expertise with more than 40 investment professionals investing across financial and business services, healthcare, industrials, consumer, and TMT sectors. For more information about BCI, please visit http://www.bci.ca.
Media Contact
Chris Grapsas, Valence Surface Technologies, 888-540-0878, [email protected]
SOURCE Valence Surface Technologies
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