A west coast based, second generation, family-owned company that specializes in the development and applications of specialty coatings for aircraft fasteners and components.
A west coast based, second generation, family-owned company that specializes in the development and applications of specialty coatings for aircraft fasteners and components.
After decades of growing the business, the family, as part of its succession planning, decided to explore options to achieve liquidity, explore an opportunistic seller’s market, and find a “good home” for the employees and management team.
A principal of CMG conducted a focused and extremely competitive process to gauge the interest of strategic parties, private equity and family office groups. The family ultimately selected PCC/Berkshire Hathaway as it separated itself from the rest of the group. Final valuation and terms were considerably improved relative to the other interested parties. The Berkshire Hathaway group provides a stable, permanent home committed to continued growth and development.
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