Timken Aerospace Drive Systems (“ADS”) has been acquired by PCX Aerostructures, LLC (“PCX”). With operations in Manchester Connecticut, ADS is a leading provider of complex, flight critical transmission assembles, sub-assemblies, components and overhaul and repair services for military and civil rotorcraft.
“Manchester (ADS) brings a deep history and expertise in supplying complex gears, gearboxes and transmissions to the Aerospace and Defense industry, expanding our capability set in our core target market of mission critical components and assemblies. We are excited to have Ben and his team join the PCX family and look forward to working with them to offer world class products and services to our broad customer base.” said Tom Holzthum, CEO of PCX.
Ben Kearns, President of ADS said “We are thrilled to join the PCX team and look forward to learning and sharing best practices with the rest of the business. PCX and ADS management have a shared vision of accelerating Manchester’s growth and expanding its capabilities to support new and existing customers, and we believe this transaction will provide new opportunities to diversify and grow”.
About Timken Aerospace Drive Systems (“ADS”)
ADS was originally founded in 1946 as the Purdy Corporation. ADS is a leading provider of complex, Flight Critical assemblies, sub-assemblies and components for military and civil aircraft. ADS is vertically integrated with full capabilities in metrology, NADCAP heat teat and NDT, milling, turning, grinding, gear grind, assembly, full gearbox testing and overhaul and repair. To learn more about ADS, visit www.aerodrivesystems.com.
Headquartered in Connecticut, PCX Aerosystems is a privately owned supplier of highly engineered, precision, Flight Critical assemblies for rotorcraft and fixed wing aerospace platforms. The Company supports aerospace primes to include Boeing, General Electric Aircraft Engines, Bell, Sikorsky as well as the U.S. Government. PCX also manufactures proprietary propellant and high-pressure tanks for advanced satellite, launch vehicle spacecraft and missile platforms. Founded in 1900, PCX owns facilities in CT, CA and MA. PCX is owned by Greenbriar Equity Group. To learn more about PCX, visit www.pcxaero.com.
Philpott Ball & Werner, LLC (“PB&W”) served as financial advisor to Timken Aerospace Drive Systems.