07.08.19
ATL Partners and British Columbia Investment Management Corporation announced that they have acquired Valence Surface Technologies LLC, the largest independent aerospace surface finishing platform in North America.
Existing management also invested in the company.
Founded in 2013 and based in Houston, the company provides critical surface treatments such as non-destructive testing, shot peening, chemical processing, plating, painting and spray coating to aerospace and defense components that require complex finishing to meet engineering specifications. Valence currently operates eight facilities throughout the U.S. in aerospace and defense manufacturing regions, serving over 3,000 customers and processing more than 12 million individual parts annually.
Owl Rock Capital Corporation and Antares Capital LP provided debt financing to support the acquisition.
BCI’s acquisition of governance rights in the company remain subject to customary regulatory approvals.
Existing management also invested in the company.
Founded in 2013 and based in Houston, the company provides critical surface treatments such as non-destructive testing, shot peening, chemical processing, plating, painting and spray coating to aerospace and defense components that require complex finishing to meet engineering specifications. Valence currently operates eight facilities throughout the U.S. in aerospace and defense manufacturing regions, serving over 3,000 customers and processing more than 12 million individual parts annually.
Owl Rock Capital Corporation and Antares Capital LP provided debt financing to support the acquisition.
BCI’s acquisition of governance rights in the company remain subject to customary regulatory approvals.
