Private equity firm Branford Castle Partners has acquired Testek Solutions, with the terms of the transaction not being disclosed.
Testek, a leading designer and manufacturer of advanced testing solutions for military and commercial aircraft components, is the seventh platform investment and twelfth acquisition overall for Branford Castle's Fund II, which closed in 2021. Over the last few months, Branford Castle also acquired Hoffman Engineering and announced the successful exits of its investments in Clean Solutions Group and Earthlite Massage Tables.
Eric Korsten, senior managing director at Branford Castle commented: "We are excited to partner with Bruce and the entire Testek team. We see attractive opportunities in this market as the aerospace industry continues to expand, creating increased demand for Testek's specialized aviation testing equipment. “
He added: “The Company's leading position in the market, along with its proprietary capabilities, make it a terrific platform for growth."
Branford Castle was advised by its legal counsel, Akerman LLP, and RSM served as its accounting/tax advisor. Testek was advised on the sell-side by Kroll investment banking. Siguler Guff & Company is providing unitranche debt capital and equity for the transaction.