Branford Castle Partners, a North American-focused private equity firm, has acquired Hoffman Engineering, a leading provider of proprietary situational awareness solutions for mission-critical aerospace and defense applications, from Trident Maritime Systems (“Trident”), a portfolio company of J.F. Lehman & Company. Terms of the transaction were not disclosed.
Based in Stamford, CT, Hoffman is a global leader in the development and manufacturing of night vision test equipment, night vision imaging lighting systems and commercial aviation LED specialty lighting products. Since its inception in 1955, the Company has developed a strong brand reputation within the night vision sector and its products are utilized by the U.S. military, aerospace and defense OEMs, as well as by commercial airlines. Hoffman CEO Ron Hayward and the rest of the existing management team will remain with the Company going forward.
Mr. Hayward added, “Today’s milestone is a validation of the trusted innovative solutions and customer-focused culture that we have worked tirelessly to achieve. We are extremely grateful for the support of our previous owner, Trident, and look forward to continuing to deliver on future growth opportunities with our new partners at Branford Castle Partners.”
Ceon Francis, Managing Director at Branford Castle, said, “We are excited to partner with Ron and the entire Hoffman team. We see attractive opportunities in this market as the aerospace and defense industry continues to expand, creating increased demand for the most advanced, mission-critical products available. The Company’s leading position in the night vision market, along with its proprietary capabilities, makes it a terrific platform for growth.”
Hoffman, Trident and J.F. Lehman were advised on the sell-side by Philpott Ball & Werner, LLC.
