jet engine

Transaction Experiences

Berkshire Manufactured Products, Inc. Acquired By Relativity Capital LLC

Berkshire

Berkshire (www.berkshiremfp.com), headquartered in Newburyport, Massachusetts, is an integrated supplier of mission critical, jet engine components for the aerospace industry. Berkshire has a valued reputation among the significant aircraft engine OEMs for providing a “one-stop alternative” for parts, components, and assemblies that require integration of complex precision stamping, machining, and fabrication of difficult-to-manipulate metals and metal alloys.

Founded in 1958, Berkshire has pursued its integrated, niche strategy in conjunction with implementing industry best operating practices to drive quality, delivery, and productivity.

Relativity (www.relativitycapitalllc.com), with offices in Arlington, VA and New York, NY, is a private equity firm focused on providing capital to middle market companies.  Industries targeted for investment are broad, but generally include aerospace / defense, industrials, business services, healthcare services, as well as others opportunistically.  The firm’s founders, Leslie L. Armitage and Joyce Johnson-Miller, bring over 32 years of private equity experience, most of which comes through senior positions at The Carlyle Group and Cerberus Capital Management, L.P.

Berkshire Manufactured Products, Inc. (“Berkshire”) announced that it has been recapitalized by Relativity Capital.  This transaction is the successful culmination of an initiative led by The Bigelow Company LLC on behalf of Berkshire to proactively seek out the “Best New Majority Shareholder” for the company, and in so doing, provide a liquidity event for Berkshire’s current shareholders.

“We are blessed with equally supportive and demanding customers who continue to want more from Berkshire. This new association with Relativity Capital arms us with ‘smart capital’ and meaningful new relationships within and around the aerospace industry.” George Psyhojos, President and CEO Berkshire

Robert E. MacLeod, Managing Director of Bigelow, remarked, “Berkshire was a highly sought-after company. The business’ success is a testament to the power of a first-rate management team executing on a focused, niche strategy within an industry dominated by a few, large conglomerates. The partnership with Relativity, whose principals are aerospace experts, will benefit Berkshire as they bring to bear significant resources to accelerate the Company’s capabilities, best practices, and future growth

“We are thrilled to work with George Psyhojos and his management team as Berkshire continues to execute on its plans for the future. The company is at an exciting inflection point, and we see considerable opportunity to leverage our extensive aerospace experience and contacts to accelerate both internal and external growth. We are excited and committed to supporting Berkshire and its valued customers in the coming years.” Leslie L. Armitage, Senior Managing Director Relativity

Newburyport, Massachusetts

has been acquired by

New York, New York

The undersigned acted as M+A advisor to Berkshire Manufactured Products, Inc.