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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