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For Immediate Release
TRM Equity Acquires Assets of Gamma Aerospace, LLC
Mansfield,TX, March 2, 2023
TRM Equity II ("TRM") has acquired substantially all of the assets of Gamma Aerospace, LLC (“Gamma”). With three production facilities, including its headquarters in Mansfield, TX, assembly location in southern California and machining location in Mexicali, Gamma is a leading manufacturer of multi-contoured formed and multi-axis machined parts serving Aerospace and Defense. The transaction was completed on March 2, 2023. Gamma employs over 200 people.
Jeff Stone, Managing Director for TRM, commented: "Gamma has been entrusted by the Defense Industry Primes and commercial OEMs with responsibilities to provide critical components on high-profile programs for years. These customers have supported our efforts to move the business forward from a very challenging operating environment caused by a combination of uncertain demand during the COVID pandemic, labor market tightness and supply chain dislocations during the rebound from COVID, as well as ongoing aggressive inflationary pressure. As we move forward, Gamma will be a stable and predictable performer for our customers while the industry continues to navigate ongoing supply chain challenges."
TRM Equity is a private equity firm that seeks controlling investments in situations where the experience of our team canassist companies with operational improvement or transformation. The Firm's Core team has worked and invested together for approximately 20 years, applying a consistent approach in targeted manufacturing industries, and has a demonstrated track record of above-market returns.
Jeffrey A. Stone