In California's Soaring Aerospace & Defense Sector, What are the Best Strategies to Pursue Growth?
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Revenue for the Aerospace & Defense Industry is expected to grow about 5% in 2014, with slight declines in the defense spending strongly offset by robust commercial sales. Companies in this important sector of California’s economy are aiming to accelerate their growth through strategic M&A transactions or by focusing on internal growth.
What are the pros and cons of each of these alternatives? Can a company pursue both options? What are the trends in M&A activity in the A&D sector, and in market valuations? Come hear the answers from a panel of industry experts at the May 7 meeting of ACG 101.
Our panelists are:
Fred Duncan, President of B&B Manufacturing. Valencia-based B&B provides contract manufacturing, machining and assembly needs for commercial aerospace, military, military aerospace, general aviation and other industries in a 120,000 sf. campus, utilizing over 115 CNC machines. Fred has been with B&B for the past 35 years. He is a graduate of Polytechnic University.
Grant Hintze, CEO of Barry Controls Aerospace. Barry Controls, based in Burbank, is part of the Paris-based Hutchinson Group. It manufactures advanced solutions for controlling vibration, noise and shock in aircraft and in marine and land-based vehicles. Mr. Hintze joined the company as CEO in 2012, after leading five other aerospace companies, including Goodrich Aerospace, Goodrich De-Icing & Specialty Systems, Electromech Technologies, Meggitt Safety Systems and, most recently, the Malibu Division of Communications & Power Industries. He is a graduate of West Point and earned a Masters in Finance at the Naval Postgraduate School.
Bill Hopkins, Co-President and Managing Principal of Odyssey Investment Partners. One of the founders of Odyssey Investment Partners and based in the firm’s Woodland Hills office, Bill serves on the board of a number of companies in which the firm has invested. Prior to joining Odyssey, Mr. Hopkins was a member of the merchant banking group at GE Capital Corporation. He is a graduate of UC San Diego and received his MBA from USC’s Marshall School of Business.
Mark Davidson, Treasurer and Head of Investor Relations at Wesco Aircraft. Based in Valencia, Wesco Aircraft (NYSE: WAIR) is a leading provider of supply chain management services to the aerospace industry. It supplies more than 500,000 parts, tools and electronic components to more than 7,400 customers from 43 locations in 12 countries. Mark previously was with Northrop Grumman Corp. Mark is a graduate of UCLA and has an MBA from USC. He served six years with the Navy, on the staff of the Chief of Naval Operations, and later studied at the Naval War College.
Our Moderator is Stephen Perry, Managing Director of Janes Capital Partners, an investment banking firm focused on the Aerospace & Defense industry. Steve specializes in mergers and acquisitions, corporate divestitures and leveraged recapitalizations. A&D transactions he has facilitated include the sale of Frontier Systems to Boeing, the sale of Burt Rutan’s Scaled Composites to Northrop Grumman, and the sale of Composite Engineering to Kratos. A graduate of Georgetown, Steve earned his MBA at UCLA’s Anderson School of Business.
Registration is $35 for ACG Members and $65 for others.
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ACG 101 is one of the fastest-growing chapters of The Association for Corporate Growth, the premier international organization for professionals involved in corporate growth, corporate development and mergers and acquisitions. ACG 101 serves corporate executives and professionals in the West Valley-Ventura County-Santa Barbara areas.
Members of ACG are CEOs, CFOs and COOs of middle market or growing corporations, as well as members of the professional services companies that serve these corporations, such as private equity firms, investment bankers, lenders, attorneys and accountants. ACG has nearly 12,000 members representing 5,000 companies in 53 chapters throughout North America, Europe and in Mexico.
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