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Onamac Industries Inc. has been acquired by Due West Partners
by Stephen Perry on 03/01/2023
Janes Capital Partners advises CPP, a portfolio company of Warburg Pincus and Berkshire Partners, on its divestiture of Onamac to Due West Partners
Irvine, CA (March 1, 2023) - Janes Capital Partners served as advisor for Consolidated Precision Products (“CPP”), a portfolio company of Warburg Pincus and Berkshire Partners, on its divestiture of Onamac Industries, Inc. (“Onamac”) to Due West Partners.
Onamac Industries, based in Everett, Washington, specializes in manufacturing precision-machined components, focusing on low-volume, high-mix production for next-generation aerospace platforms, complex machined aeroengine castings, specialized fabrication and assembly work, and aftermarket aircraft spares.
About Consolidated Precision Products
Based in Cleveland, OH, Consolidated Precision Products (www.cppcorp.com) is one of the largest investment and precision sand casting companies in the world. It manufactures highly complex components for the commercial aerospace market, including engine housings, gear boxes, front frames, shrouds, panels, fairings, blades and vanes.
About Warburg Pincus
Based in New York, NY, Warburg Pincus (www.warburgpincus.com) a global private equity firm. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 230 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore.
About Berkshire Partners
Based in Boston, MA, Berkshire Partners (www.berkshirepartners.com) is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm’s private equity team invests in well-positioned, growing companies across business services & industrials, consumer, healthcare, and technology & communications. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests.
About Due West Partners
Based in Seattle, WA, Due West Partners (www.duewestpartners.com) offers companies an alternative source of capital to grow their business. The firm aims to empower established businesses with the additional resources and expertise they need to focus on long-term value creation.
About Onamac Industries, Inc.
Based in Everett, WA, Onamac (www.onamac.com) is a world-class manufacturer of multi-axis milled, turned, and assembled aerospace components, specializing in the machining of investment castings. Onamac has recently expanded its capabilities to machining Titanium castings to support the jet engine aerospace market. Onamac has over 40 production machines to produce tight tolerance milled and turn parts for the Aerospace industry.
About Janes Capital Partners
Based in Irvine, CA, Janes Capital Partners (www.janescapital.com) is a leading investment banking firm focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies and liquidity events. The members of Janes Capital Partners have completed more than 80 successful A&D transactions and $5.5 billion in closed transaction value. Securities transactions are conducted through JCP Securities, Inc., a registered Broker/Dealer, member FINRA/SIPC, and registered Investment Advisor.
Janes Capital Partners is an independent financial advisory firm that is affiliated with Oaklins International Inc (www.oaklins.com). Oaklins is the world’s most experienced mid-market M&A advisor, with 850 professionals globally and 15 dedicated industry teams in 45 countries.
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