Fairfield-based WHI Global LLC, a portfolio company of RVE Partners, announced on Thursday it has acquired the assets of Aero-Bond Corp. through its affiliated entity Aerobond Composites LLC. Aerobond is a manufacturer of composite structures and assemblies for the aerospace and defense industries.
Additionally, WHI said it recently purchased a variety of CNC milling machines which will be installed at its facilities in New Jersey and Tulsa, Oklahoma by the first quarter of 2020.
“We are impressed with Aerobond’s composite fabrication capabilities,” Al Altieri, CEO of WHI, said. “Together with our recent equipment purchases, WHI now offers a comprehensive suite of aerospace manufacturing capabilities for our customers. We are excited about the potential from these investments.”
“The Aerobond acquisition and equipment purchases represent important milestones in the evolution of WHI,” David Caputo, managing partner of RVE, said. “These investments are representative of RVE’s buy and build strategy, where we seek to deploy additional capital following acquisitions to drive long term growth. We look forward to continuing to support WHI through this growth.”