Tecum Equity announced today its investment in Kadon Precision and Aerospace, a precision manufacturing company based in Rockford IL, which focuses on the aerospace, defense, space, and industrial product markets.

Founded in 1952, Kadon is led by second-generation owner Justin Franklin, who will remain with the business as CEO. Kadon specializes in Swiss turn, milling, lathe and multi-axis precision machining, and assembly. Kadon maintains both an ISO 9001 and AS9100 D certified quality management system and has over 70,000 square feet of manufacturing space.

Kadon is actively searching to acquire additional businesses to expand its manufacturing capabilities and capacity in the aerospace, defense, space and industrial end markets.

Justin Franklin, CEO of Kadon noted, "As I contemplated bringing on a partner to support our 100+ employee team in its next phase of growth, Tecum differentiated itself with its extensive experience in precision manufacturing and in its track record of growing businesses both organically and through acquisitions. Their understanding of the culture of Kadon and the importance of people in all that we do made Tecum my partner of choice."

Stephen Gurgovits, Jr., Managing Partner of Tecum, added, "We are extremely excited to support Justin in his vision for Kadon. We will look to leverage our experience in precision manufacturing and our ability to source complementary acquisitions to support Kadon's continued evolution into a partner of choice for leading OEMs across regulated industries."