Wollaston (www.wollastonalloys.com) is a designer and manufacturer of high alloy steel sand castings with complex shape and/or invoked metallurgical specifications for the defense and power generation industries. After an employee buyout from an offshore owner in 2005, Wollaston pursued a niche strategy focusing its efforts on the defense end-market, specifically providing components on the Abrams Tank, Virginia class nuclear submarine, and the Ford class nuclear aircraft carrier, among other projects.
CPP (www.cppcorp.com) is one of the world’s largest investment and precision sand casting companies, producing complex super alloy, aluminum, magnesium, and steel components for leading military and commercial aircraft, weapon systems, regional/business jets, and helicopters.
Arlington (www.arlingtoncap.com) is a Washington, DC based private equity firm with over $1.3 billion of committed capital focused on investment opportunities in growth industries, including: government contracting, federal and commercial IT and engineering services, aerospace/defense, media, education and training, healthcare services, and business services and outsourcing. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field.
Wollaston Alloys, Inc. (“Wollaston”) of Braintree, Massachusetts announced that it has been acquired by Consolidated Precision Products, Inc. (“CPP”), a portfolio company of Arlington Capital Partners (“Arlington”). This transaction is the successful culmination of an initiative led by The Bigelow Company LLC on behalf of Wollaston to proactively seek out the “Best New Majority Shareholder” for the Company, and in so doing, provide a liquidity event for Wollaston’s current Shareholders.
“Wollaston has a tremendous reputation for providing the highest quality nickel content alloy sand castings in the world to the defense and power generation industries for use in highly corrosive environments. The partnership with CPP arms us with integrated manufacturing capabilities, expanded capacity, and meaningful new relationships within and around the defense industry.” Bill Earley, President and CEO Wollaston Alloys, Inc.
“Wollaston’s technical expertise and success is validated by its superior reputation in its customer base. The combination of CPP’s resources plus Wollaston’s expertise is sure to lead to higher quality products and service for customers of the combined organization.” Steve Clodfelter, CEO Consolidated Precision Products, Inc.