Aerostar Aerospace Takes Off with CapX

By: Stephen J. Healey :: January 19, 2018

Trends for long-term growth in the commercial air travel market continue to increase as carriers upgrade and add to fleets around the world. Aerostar Aerospace is well positioned to benefit from these trends and is maximizing performance across its organization. CapX Partners provided a $1.475 million lease line of credit, providing capital for the company’s ongoing growth by tapping into the equipment value of one of the company’s machine systems.

“Aerostar is well-known in the industry as a go-to manufacturer of complex, hard metal parts and has established strong relationships with its customers. We were delighted to step in with capital to support Aerostar and Nautic Partners as the Company pursues its growth strategy. We look forward to increasing our support of Aerostar for its new equipment needs in 2018 and beyond,” said Steve Healey, Managing Director at CapX Partners.

Aerostar Aerospace is a world-class manufacturer of high-complexity, precision-machined parts for use by aerospace, defense, and commercial customers. Aerostar has developed a niche in fabricating close-tolerance components using challenging materials such as titanium, Inconel, and other hard-metal alloys. The company employs an experienced staff, including engineers and machinists with substantial experience in 3D modeling, design for manufacturability and new product introductions. As a result of its best of breed technical capabilities, Aerostar currently enjoys long-term contractual relationships with several marquee Tier-I aerospace customers and supports some of the largest and most rapidly growing platforms in commercial aerospace.

In October 2015, Nautic Partners acquired Aerostar. In order to grow and diversify the business, it then made subsequent acquisitions of Warmelin Precision Products and the Center Tool Company. With these acquisitions complete, Aerostar commenced a review of its operations looking to maximize performance across the company.

“We reached out to CapX Partners for credit backed by our collection of high-quality equipment assets at Aerostar. CapX responded quickly with an attractive lease line that provided capital to grow our business. We appreciate CapX’s equipment knowledge and quick turn-around and look forward to building upon this relationship going forward,” stated Nick Vidnovic, Vice President, Nautic Partners.

Stephen J. Healey, Managing Director

Stephen joined CapX Partners in February 2014 and is responsible for business development in the Northeast. Steve opened the firm’s Boston office and provides creative financing solutions to middle market companies in diverse industries. Prior to CapX, Steve was Managing Director at Full Circle Capital. He is a graduate of Harvard University and has over 20 years experience in the finance industry.