Abrasive Form Accelerates Growth in Aerospace Market with Acquisition of Sun Country Industries
ALBUQUERQUE, New Mexico, February 25, 2019 – Advanced Grinding Solutions, a portfolio company of Calvert Street Capital Partners dba Abrasive Form, is pleased to announce the acquisition of Sun Country Industries (“SCI”) from McNally Industries.
A supplier of machined parts to the aerospace industry, Sun Country represents Abrasive Form’s dedication to better serving its aerospace customers by expanding its product portfolio and machining capabilities.
Bill Moeller, Chief Executive Officer of Abrasive Form, said, “SCI marks a significant milestone in the evolution of Abrasive Form. Through the combined capabilities and expanded portfolio of engine components, we are better positioned to meet the increasingly complex needs of our aerospace customers and grow with them in the future.”
“We are excited at the prospect of building upon SCI’s strong track record of quality service and customer satisfaction,” said Calvert Street Principal John Wissel.
ABOUT SUN COUNTRY INDUSTRIES
Founded in 1950, Sun Country is a Nadcap certified contract manufacturer of aerospace components and assemblies. The Company specializes in close tolerance machining and precision assembly of jet engine and airframe components, assemblies and kits.
ABOUT ABRASIVE FORM
Founded in 1976, Abrasive Form is a provider of creep feed and 5-axis CBN grinding solutions, serving the industrial gas turbine (IGT), aerospace, and general industrial sectors. Known for its expertise and service, Abrasive Form is proud to have long term relationships with multiple major IGT and aerospace customers. For more information, please visit: www.abrasive-form.com.
ABOUT CALVERT STREET
Calvert Street is a Baltimore, Maryland-based private equity firm focused on investing in businesses in the lower middle-market in targeted, thesis-led industry sectors. Calvert Street partners with founders, families, and skilled management teams of privately held businesses to drive profitable growth and organizational transformation. Since its inception in 1995, Calvert Street's managed funds have invested in over 80 acquisitions representing cumulative transaction values in excess of $1.2 billion. For more information, please visit www.cscp.com.