Tecum Equity Invests in Kadon Precision and Aerospace
October 21, 2024
Tecum Equity has made an investment in Kadon Precision and Aerospace, a Rockford, Illinois-based precision machining and contract manufacturing company, with Kadon CEO Justin Franklin remaining in place. The deal includes senior debt from First Financial Bank and mezzanine/equity co-investment from UMB Capital Corporation and LongWater Capital Solutions; Tecum intends to support Kadon's growth through capability investments and add-on acquisitions.
- Buyers
- Tecum Equity, UMB Capital Corporation, LongWater Capital Solutions
- Targets
- Kadon Precision and Aerospace
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Buyout
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