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SELECTED EXVERE CASE STUDY
QPM Aerospace Growth Financing & Divestiture - Aerospace  Client: QPM Aerospace is a rapidly growing manufacturer of precision engineered parts for the commercial, defense and general aerospace industry. The Company operates in three primary business segments: precison machined parts, sheet metal components and assemblies, and swaged tubes. Leveraging its scaleable and automated manufacturing process, QPM evolved into a significant design and build partner with aviation OEM's and Tier 2 and Tier 3 manufacturers. Challenge: The Company sought 1) an injection of capital to realize significant growth opportunities; and 2)to divest a division which manufactures over 20,000 complete rod assemblies, representing over 300 discrete part numbers. While maximizing shareholder value was important, confidentiality and timeliness were also key considerations. Process: Exvere worked with QPM to develop and execute a flexible approach which concluded by identifying and qualifying partners for both the infusion of capital and divesture of its swaging division. Prospective partners were systematically targeted, and the process was concluded approximately twelve months from inception. Outcome: QPM secured $15 million in junior capital from Key Principal Partners, and sold its rod assembly (swaging)division to SKF Aerospace France. The combined transactions allow QPM to continue aggresively growing its precision engineered parts division. |
