MIAMI (April 27, 2023) – Holland & Knight advised FDH Aero, a portfolio company of Audax Private Equity, in its acquisition of BJG Electronics Group. The deal was announced on April 27, 2023.
Based in Boston and San Francisco, Audax is a leading middle market investment firm with approximately $16 billion of assets under management. Headquartered in Commerce, California, FDH Aero is a global provider of supply chain solutions for the aerospace and defense industry.
BJG, headquartered in Ronkonkoma, New York, is a leading provider of interconnect and electromechanical products for the defense, commercial aerospace and space end markets.
Following the acquisition, FDH Aero now has locations in 14 countries across the globe, with more than 1,000 employees and over 650,000 square feet of inventory space. FDH Aero will also establish FDH Aero Electronic Products Group, a division that will focus on supply chain excellence in the electrical and electronic components product category, alongside its industry-leading hardware, chemical and consumable franchises for the aerospace, defense and space end markets.
Holland & Knight Partners Aaron Slavens and Seth Belzley and Associates Brandon Palacio and Francesco Salpietro led the firm's representation of FDH Aero. They were assisted by Partners Christine Fuqua Gay, Eric Rubin, Ashley Phillips, Daniel Barsky and William Sherman and Associates Christian de la Osa, Vanessa Lopez, Nicole Martini and Daniel Janovitz. Kirkland & Ellis acted as co-counsel to FDH Aero on the transaction.
More information about the transaction can be found here.