PE Firms Look To Cash In On Defense Market With Tods Buy

Law360, New York (July 11, 2013, 7:28 PM EDT) -- Private equity firms Acorn Growth Companies and the Edgewater Funds said on Thursday they will jointly acquire Tods Aerospace & Defence in a move they say marks their foray into the international defense market.

Details of the transaction were not disclosed, but AGC President Rick Armstrong said that purchasing the maker of materials technology for aerospace and naval acoustic structures will well position his investment firm as it move into new turf.

“This addition will lead to further group innovation, efficiencies and ultimately create a higher...
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