Cerberus acquires specialty manufacturer Votaw Precision Technologies

Cerberus Capital Management, L.P., a global leader in alternative investing, today announced that it has acquired Votaw Precision Technologies, a leading specialty manufacturer of mission-critical hardware and components for launch and undersea vehicles, satellites, ground radar, and other aerospace defense applications.

Founded in 1963, Votaw's manufacturing and precision machining offerings support a range of defense, space, and maritime platforms. With a dedicated 210,000-square-foot facility in Santa Fe Springs, California, the Company's vertically integrated capabilities include vertical turning, large milling, fabrication, large complex assembly, special processing, and testing and finishing. Votaw is recognized for its reliability and quality and serves as a key supplier in the U.S. industrial base for space and defense hardware on existing and next-generation programs.

The partnership with Votaw is led by Cerberus' Supply Chain and Strategic Opportunities platform, which invests in companies that address critical national shortage areas to drive innovation, promote resilient infrastructure, and increase security for the United States and its allies. With Cerberus' support, Votaw plans to invest in the deepening of customer relationships, the expansion of its machining and assembly capacity and geographical footprint, and the continued evolution of its offerings to support programs and priorities of national significance.

"Votaw's commitment to quality and technical excellence has enabled us to deliver essential components to customers for more than six decades," said Kevin Schrage, Chief Operating Officer of Votaw. "We are thrilled to be entering this new chapter with the Cerberus team who deeply understands our business, industry, and customer base, and brings an operational and strategic mindset that can support our growth. Together, we are excited to build on our core and complementary capabilities to extend Votaw's impact across key areas of national importance."

Steve Cook, Senior Managing Director at Cerberus, added: "Votaw has an outstanding reputation as a trusted manufacturing and precision machining partner on complex programs critical to our national security. We are looking forward to supporting the team in executing on meaningful opportunities to strengthen and expand their partnerships across the U.S. defense industrial base. This transaction is a key step toward building an agile set of unique, in-demand capabilities that better serve the immediate and next-generation needs of aerospace and defense customers."