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PRESS RELEASE
Issued by:

Primus Aerospace acquires Raloid Corporation
Tuesday, 28 June 2022

Primus Aerospace, a provider of highly complex, machined components and assembly solutions to the aerospace, defense, and space industry, sponsored by Angeles Equity Partners, LLC, today announced the acquisition of Raloid Corporation (“Raloid”). Raloid machines critical components for several strategic defense programs. With the addition of Raloid, Primus further strengthens its position as a Tier 1 supplier in the defense industry. Raloid will continue to operate under its existing brand name.

“We are proud to add Raloid to the Primus platform. Raloid's legacy of performance and capabilities make it an ideal addition to Primus,” said Nick McGrath, CFO of Primus Aerospace.

“The addition of Raloid represents a key step forward in our effort to become the leading Tier 1 supplier of critical machined components and subassemblies to the U.S. defense industry,” added Kyle Brengel, COO of Primus Aerospace.

Raloid offers value-added services, including precision component manufacturing, chemical plating, assembly and integration, non-destructive testing, and complete build-to-print program management. The company's proficiency with exotic and hard metals has enabled it to manufacture high-complexity, tight-tolerance components and subassemblies for Raytheon, Lockheed Martin, and other leading defense contractors.

“The Raloid team is excited to join Primus. Our combined capabilities will yield great results for our customers and our nation's military,” said Suzanne Daniels, President of Raloid. “I am confident that Raloid will help position Primus Aerospace for accelerated growth in support of our nation's highest defense priorities.”

Simpson Thacher & Bartlett LLP served as legal advisor for Primus. The financial terms of the transaction were not disclosed.

Contact details from our directory:
Raloid Corporation Missiles, Machining Services, Milling, Turning, Grinding, Fabricating Services, Forming, Welding, Plating Services, Coatings Services, Paint Application
Primus Aerospace (was Primus Capital, LLC) Machining Services, Electromechanical Assembly, Additive Manufacturing, Waterjet Services, Testing Services
Related directory sectors:
Manufacturing Services