Greenwich AeroGroup, Inc. announced today that it has sold Aero Precision Industries LLC, DAC International, Inc. and NASAM, Incorporated to a fund managed by Odyssey Investment Partners, LLC. Operated as a single business unit, these three companies are distributors and providers of military and commercial aerospace components and related services to a diverse global customer base. The transaction was completed on August 10, 2016.
“It has been our privilege to work alongside these three great companies and their people, and we are heartened by the relationships that have been built between them and the rest of our companies,” said Greenwich AeroGroup President and Chief Executive Officer Jim Ziegler. “We look forward to continuing to partner with them on future projects.”
Greenwich AeroGroup acquired DAC International and NASAM in 2009 and Aero Precision in 2013 and it continues to look for opportunities to add companies that will complement its aviation portfolio. The specific details of the sale are confidential.