25 Feb Gardner Standard Announces Sale of Sun Country Industries to Abrasive Form
NEW YORK, February 25, 2019 – Gardner Standard LLC today announced the sale of Sun Country Industries to an affiliate of Abrasive Form, a portfolio company of Calvert Street Capital Partners. Founded in 1950, Sun Country Industries is a Nadcap certified contract manufacturer of aerospace components and assemblies. The Company specializes in close tolerance machining and precision assembly of jet engine and airframe components, assemblies and kits.
Bill Moeller, Chief Executive Officer of Abrasive Form, said, “SCI marks a significant milestone in the evolution of Abrasive Form. Through the combined capabilities and expanded portfolio of engine components, we are better positioned to meet the increasingly complex needs of our aerospace customers and grow with them in the future.”
“We believe SCI’s business is well positioned for future success as part of Abrasive Form and we are excited about what the outstanding SCI management team accomplished during our ownership period,” commented Michael Healy, Managing Member of Gardner Sandard LLC. “We wish all of SCI’s employees every success in the future,” he continued.
Terms of the transaction were not disclosed.