Kroll Corporate Finance advised Crestwood Technology Group on its sale to Triman Industries, a portfolio company of AE Industrial Partners
On December 20, 2021, AE Industrial Partners, LP (“AEI”), a private equity firm specializing in aerospace, defense and government services, space, energy and utilities, and markets specialty manufacturers, through its holding company Triman Industries (“Triman” or the “Company”) has completed the acquisition of Crestwood Technology Group (“CTG”).
Kroll Corporate Finance’s M&A Aerospace Defense and Government Services department acted as exclusive financial advisor to CTG in connection with the transaction.
About Crestwood Technology Group
CTG, based in Yonkers, New York, provides supply chain solutions designed to keep fleets and systems operational, ready and safe by providing parts, material and obsolescence management solutions to the Department of Defence, commercial airlines, MRO suppliers and OEMs. It specializes in sourcing obsolete and hard-to-find parts in a wide range of air, land, maritime, cyber and space domains, while meeting its customers’ cost, schedule and performance objectives. CTG is also recognized as a leader in counterfeit prevention testing and inspection and is the first to achieve AC7402 CAAP (Counterfeit Prevention Accreditation Program) certification, which is recognized by customers and the industry as the highest quality management and inspection standard for suppliers and distributors. Kudman Trachten Aloe Posner LLP acted as legal counsel to CTG.
About Triman Industries
Triman, based in West Berlin, NJ, is a leading provider of distribution, supply chain and repair management solutions for the military aftermarket. Triman represents a growing list of over 65 OEM partners and serves as the critical link between highly engineered systems and components and the military end user, providing a full range of value-added services including inspection and testing, warehousing, packaging, contract administration, sales & business development, export management, repair management and engineering. Akerman LLP and Kirkland & Ellis LLP acted as legal advisors to AEI and Triman.
About AE Industry Partners
AE Industrial Partners is a private equity firm specializing in aerospace, defense and government services, space, energy and utilities, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operational experience and relationships in our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative.