The nearly-50-year old Oklahoma City aerospace and defense supplier, Electro Enterprises has been acquired by California-based FDH Aero.
Founded in 1970, Electro supports key defense OEM (Original Equipment Manufacturing) platforms for its global customer base from locations in Oklahoma, Texas, the United Kingdom, and Israel. It has become one of the largest aerospace and defense electrical and electronic components distributors.
The acquisition establishes FDH as a leader in the same area of production. The combination of FDH and Electro is expected to accelerate growth for both companies by adding a more expansive and complementary product portfolio to FDH’s existing OEM and aftermarket offering.
“We are excited to partner with Scott and the FDH organization,” said Mitch Enright, President at Electro. “Access to FDH’s global operations and infrastructure will expand our ability to provide quality support to our customers and enhance our growth trajectory. Together with FDH, we will be one of the largest, independent, full-line aerospace and defense component distribution businesses in the industry.”
“Electro is an excellent fit with FDH Aero,” said Scott Tucker, CEO at FDH. “The business complements FDH’s existing electrical product offering and provides a greater breadth of electrical components and supply chain services to our customer base. We are committed to maintaining Electro’s high-touch customer service as well as their terrific supplier relationships. Mitch will be a valuable addition to the FDH leadership team and a key contributor to FDH’s growth going forward.”
Electro will continue to be led by Mitch Enright and the Electro leadership team and will continue operating out of its existing locations.
Electro Enterprises is FDH’s twelfth acquisition, and tenth completed since Audax Private Equity (“Audax”) invested in the company in 2017.
Source: Business Wire