Stonebridge Partners Completes the Recapitalization of ADI American Distributors

April, 2016

Stonebridge Partners is pleased to announce the successful recapitalization of ADI American Distributors, LLC (“ADI” or the “Company”) in partnership with ADI’s founder, David Beck. David, who founded ADI in 1983, will remain President and CEO and has retained a significant ownership position. The transaction closed on April 29, 2016.

Based in Randolph, NJ, ADI (www.americandistr.com) is a leading, global provider of high-performance electronic components, manufacturing services, and supply chain solutions sold primarily to Tier One system integrators in the commercial and military aerospace industries. With six facilities in the US, the UK, and India, the Company is well positioned to serve the increasingly global growth of the aerospace market. ADI differentiates itself by having successfully developed an exceptional business model that effectively integrates design, production assembly, and delivery of electronic components on a just-in-time basis to the exact location of use for its customers. The efficiencies of ADI’s integrated supply chain model provide customers a compelling reason to select ADI as their preferred, comprehensive supply chain partner.

Stonebridge Partners and David Beck, in combination with certain co-investors including Promus Equity Partners and key members of management, provided a structure to allow flexibility to pursue strategic growth initiatives and acquisitions to expand the business. “We are thrilled to be partnering with David Beck after a long courtship of our two firms,” remarked Stonebridge’s co-Managing Partner, Mike Bruno. “Stonebridge will assist ADI in achieving its vision of becoming the premier provider of electronic component supply chain solutions to the aerospace industry through the combination of continued organic growth as well as completing a number of complementary acquisitions.”

Complementing ADI’s experienced management team will be Stonebridge Operating Partners Mike Steinback and Rick Heggelund who bring a wealth of relevant industry experience, knowledge and expertise. “Mike and Rick’s deep experience and success in the aerospace electronic component industry were meaningful factors in ADI’s decision to partner with Stonebridge,” commented David Beck.

Debt financing for the transaction was provided by Webster Business Credit, Brookside Mezzanine Partners, and GMB Mezzanine Capital. Brookside and GMB also invested equity in the transaction.
Stonebridge Partners (www.StonebridgePartners.com) was founded in 1986 as an operations-oriented private equity firm focused on recapitalizing and investing in family owned, niche manufacturing businesses ranging in value from $30 million to $200 million. Taking an active, hands-on approach to value creation, Stonebridge partners with the management teams of its portfolio companies to pursue additional growth avenues and operational efficiencies. ADI represents Stonebridge’s 60th investment and second recapitalization of an electronic component provider to the aerospace industry.

For further information, please contact Michael S. Bruno, Jr, Managing Partner, at (914) 682-2700 x13 or .


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