Valence Surface Technologies LLC, the largest independent aerospace surface finishing platform in North America, today announced the acquisition of Foresight Finishing, a leading provider of precious metal surface treatment for highly engineered products in the North American aerospace and defense market. Under difficult to obtain approvals, Foresight provides surface treatment to the leading manufacturers within the North American defense and commercial aerospace supply chain. Financial terms of the transaction were not disclosed.

Founded and operated by Casey and Joe Weizel since 2010, Foresight has built a strong reputation for delivering complex, high-quality metal finishing services to the mission critical defense and commercial aerospace electronics sector. Foresight's core capabilities include extremely tight tolerance precious metal gold, silver, nickel, tin and palladium plating; utilizing vibratory, rack, selective and barrel application technologies. Foresight employs approximately 110 talented team members and operates out of a single facility in Tempe, Arizona, with capacity for future growth and expansion.

David Camilleri, Chairman of Valence noted that “The acquisition of Foresight is Valence's second in just three months and enhances our position as the leading provider of complex surface treatment to the aerospace and defense supply chain. We could not be more excited to welcome the entire Foresight team to Valence. Since our initial visit, we recognized the uniqueness and highly specialized nature of the business that Casey and Joe Weizel have built. Foresight's long standing customer relationships, industry leading quality and lead times, and proximity to customers are a perfect strategic fit within Valence and provide us with another powerful laneway and new regional presence into the A&D electronics segment of our business. We look forward to supporting Foresight and its customers in what will surely be a period of rapid growth.”

Casey Weizel and the existing management team and workforce will remain with the organization as part of the transaction. Alfredo Graff, current Operations Manager at Foresight, will advance to the role of General Manager of the operation.

Casey Weizel said, “We've been impressed with the Valence team and organization as a whole, and are convinced that this partnership will best support Foresight's continued growth and development as a true industry leader. Valence's commitment to its stakeholders, including both customers and employees, aligns with everything we've built at Foresight, and we look forward to continued momentum as part of this great company.”

Valence is majority-owned by ATL Partners and British Columbia Investment Management Corporation (BCI), who invested in Valence in June 2019 to accelerate Valence's strategic initiatives and support its continued expansion. Foresight represents the 12th add-on acquisition for Valence since inception, and Valence will continue to pursue attractive M&A opportunities in both North America and Europe.

KAL Capital Markets LLC served as the exclusive financial advisor and Polsinelli served as legal counsel to Foresight Finishing. Goodwin served as legal counsel to Valence.