Thrust Capital Partners acquires DCM Group, a leading Quebec aerospace manufacturer

Thrust Capital Partners (TCP), a Canadian private equity firm dedicated to the aerospace industry, is pleased to announce that it has acquired DCM Group Inc. (DCM) a leading Quebec manufacturer primarily serving the aviation and aerospace sectors. This transaction is the second platform acquisition of Thrust Capital Partners Fund I L.P.

TCP completed this acquisition in partnership with Desjardins Capital. Investissement Québec (IQ), who was already an investor in DCM, retains its ownership stake to continue to support the company's growth.

Founded in 1987, DCM is a growing subcontractor of aerostructure components in the province of Quebec. DCM also manufactures ground support equipment (GSE) tooling and provides aircraft maintenance and welding services.

Jean-Charles Raillat, DCM's CEO, and the management team will remain in their current roles. "Demain Commence Maintenant (Tomorrow Begins Today). This motto has never been more true than today as we announce the acquisition of DCM by an investor group led by TCP and supported by IQ and Desjardins Capital. There could not be a better shareholder group for DCM to support our ambitions, as well as those of our employees and the communities we operate in. I would like to thank the former shareholders and the board of directors for their confidence and contributions, and in particular our employees that have transformed this company. Tomorrow begins today: DCM 2.0" said Jean-Charles Raillat.

"DCM has a strong track record of growth through acquisition and integration that TCP wants to boost. Beyond providing capital, our extensive aerospace experience will also contribute to the success of this acquisition as DCM expands globally." said Frédéric Loiselle, Partner at TCP.

"We are very proud to be associated with Thrust Capital Partners in this acquisition, enabling DCM Group to pursue its ambitions and growth, which is already well underway following the rigorous work of CEO Jean-Charles Raillat and everyone in his team.'' said Nathalie Bernard, Chief Operating Officer of Desjardins Capital.

Norton Rose Fulbright Canada LLP, PricewaterhouseCoopers LLP and Ernst & Young LLP respectively served as legal, tax and financial advisors to TCP on this transaction, while Blue HF Legal LLP acted as legal and tax advisors to the Sellers.