Dayton, Ohio-based ETI Tech Inc has been acquired by Soaring Pine Capital (SPC) for an undisclosed sum.
As a result, SPC, Wells Fargo, Comerica Bank and new ETI executives Bill McLendon and Jeff Hartman have set up ETI Mission Controls LLC. The aim behind this move is to "grow a platform of related aerospace partner companies", SPC stated.
ETI was founded in 1996. It provides ground support equipment (such as maintenance kits, ground-handling wheels and adapters) and electro-mechanical flight hardware for military aircraft.
Its product portfolio features more than 200 hardware parts for fixed- and rotary-wing aircraft, including the F-35, C-130, F-16 and C-5B.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options: ihs.com/contact