Director, Global Sales & Marketing
Impresa Aerospace, LLC
FOR IMMEDIATE RELEASE
August 7, 2015
Impresa Aerospace Expands Nationwide Footprint with South Carolina Acquisition.
Strategic move lands Impresa in the middle of emerging aerospace hub and close proximity to key customers.
Gardena, CA (August 7, 2015) Impresa Aerospace L.L.C., a leading supplier to the commercial, military and business aerospace industries, acquires the assets of Charleston, South Carolina based Dynamic Solutions, L.L.C. “This acquisition is in line with our strategic objectives of continually investing in our customers and increased vertical integration. By strategically placing production in close proximity to our OEM and Tier One customers, and enhancing our existing machining capabilities, we move these key objectives forward,” states Scott Smith, Chief Executive Officer of Impresa Aerospace, LLC.
“Today, we celebrate Impresa Aerospace’s multi-million dollar investment and the 72 new jobs it will create in Berkeley County. This decision is a major milestone for Impresa, and we couldn’t be more excited to welcome them to the South Carolina family,” states, Governor Nikki Haley
The acquisition of the assets – including the real estate, machinery and equipment – will be followed by future capital infusions designated for facility upgrades, increased staff and further training. The acquisition is the latest move by Impresa Aerospace, and owner Twin Haven Capital Partners, LLC, to expand the company’s nationwide footprint.
“Evaluating growth-oriented acquisition opportunities has been a key element of our strategy since Twin Haven acquired Impresa last fall. We have confidence in the strength of the Impresa platform and our management team’s ability to integrate a new facility. The opportunity to acquire an existing underutilized manufacturing footprint in the dynamic South Carolina market was immediately appealing. Impresa is focused on providing high quality solutions to our customers, and this new facility ideally positions us to meet the growing needs of Boeing and other key customers in the region,” states Rob Webster, Managing Partner for Twin Haven Capital.
The new South Carolina operation gives Impresa a manufacturing position on the U.S. East Coast, in a region that is emerging as an international hub for aerospace and aviation. Sitting on 7.5 acres just outside the city of Charleston, SC, the new Impresa Goose Creek facility compliments the company’s Southern California and Kansas operations with an additional 40,000 square feet of manufacturing capacity. The acquired Dynamic Solutions, LLC, facility boasts an array of CNC milling and turning machines, including 5 and 7-axis multitasking technologies. “Impresa’s background has always been in traditional sheet metal fabrication. Although we continually add capabilities beyond sheet metal, this acquisition definitely enhances our precision machining abilities,” states Smith.
Along with facility upgrades, Impresa intends on bringing 50 to 75 new jobs to Berkeley County and the City of Goose Creek over the next 3 to 5 years. The new jobs will include skilled labor, administrative and management positions. “South Carolina’s aerospace industry continues to soar, and today’s announcement by Impresa Aerospace is a testament to that. This multi-million dollar investment is a big win for Berkeley County and our entire Lowcountry community, and I look forward to watching Impresa succeed there for many years to come.” States Bobby Hitt, South Carolina Secretary of Commerce.
About Impresa Aerospace
Impresa Aerospace is a leading supplier to the aerospace industry, with major contracts with Boeing Commercial & Defense, Spirit Aerosystems, Northrop Grumman, Sikorsky, Lockheed Martin, Goodrich, and Gulfstream. Notable commercial programs include the Boeing 787, 777, 747 and 737; Airbus A380; and Gulfstream G550 and G650. Regarding defense-related programs, Boeing’s Apache Helicopter, C-17, F-18, F-35 (JSF), and Sikorsky’s Black Hawk helicopter are among the company’s most significant defense contracts.
The Company operates three facilities — a 100,000 square foot Gardena, CA plant, along with 40,000 square foot plants in Wichita, KS and Charleston, SC — where it provides a comprehensive array of engineering, manufacturing and assembly services. The Company is noted for supplying OEMs, Tier 1 and Tier 2 customers with high-quality, competitively-priced precision sheet metal parts, CNC-machined components and assemblies. Impresa employs a staff of over 300 employees. For more information about Impresa, please visit www.impresaaerospace.com.
About Twin Haven
Twin Haven Capital Partners, LLC is a private investment firm focused on making special situation investments in small and middle market companies. Twin Haven maintains offices in Los Angeles, CA (headquarters) and Westport, CT. Twin Haven’s investment funds’ limited partners include public and private pension funds, endowments, foundations and other institutional and high-net-worth investors. For more information about Twin Haven, please visit www.twinhavencap.com
For more information about Impresa Aerospace contact Eric Haworth.