The Entwistle Company (“Entwistle”) announced it has been acquired by NTC Group (“NTC”). Entwistle is a leading manufacturer of highly-engineered products and mission critical systems for the U.S. military. NTC is a privately-owned investment firm, primarily focused on aerospace & defense, government contracting, and manufacturing businesses. This transaction is the successful culmination of an initiative led by Bigelow LLC.
Founded in 1918 and headquartered in Hudson, Massachusetts, Entwistle (www.entwistleco.com) designs and manufactures a wide range of products primarily for the U.S. Navy and Air Force. The company currently has over 20 programs in production and operates out of 310,000 sq. ft. in its Hudson, MA and Danville, VA facilities. Its capabilities span engineering design, precision machining, welding, assembly & testing, and finishing. Whether launching or recovering planes on aircraft carriers, resuppling the Navy’s ships at sea, providing key componentry to complex aeronautical systems, or refueling aircrafts in remote locations, Entwistle has been proudly serving the U.S. military for over 50 years.
“It was important to us to find a buyer that would want to maintain the Entwistle name and continue to operate our manufacturing facilities. NTC recognized the outstanding workforce we have and the pride we take in delivering our products to the military. We believe they will prove to be great stewards of our 100-year-old business and will maintain our well-earned reputation for delivering high-quality products.” Cary Corkin, President & CEO The Entwistle Company
NTC (www.ntcgroup.com) is an investment company headquartered in Greenwich, Connecticut. Founded by Tom Foley in 1985, NTC helps build and develop businesses by teaming with company management to improve their operating, financial, and strategic capabilities. One of NTC's areas of expertise is working with family and founder-owned companies, bringing experience and resources to help them accelerate growth and increase value.
“The Entwistle Company has thrived for over 65 years under the Corkin family’s ownership and Cary Corkin’s leadership. We are excited about building on their legacy and continuing to invest in the company so that we can further do our part in helping the U.S. military with high-quality products and outstanding service.” Taran Bakker, Partner NTC Group
Originally established in 1935, Bigelow LLC is widely known as the M+A Advisory Boutique that deals exclusively with private Entrepreneur Owner-Managers. Bigelow has a reputation for having a unique understanding of the special requirements of the owner-managed, entrepreneurial operating company in building and ultimately capturing Enterprise Value.