ADC

The Business

ADC (www.alloydie.com), headquartered in Buena Park, California, is a leading provider of value-added manufacturing and supply-chain solutions for highly-engineered metal components. ADC specializes in providing turnkey casting, machining, and other value-added solutions for short-run, complex components to prominent OEMs in the aerospace, defense, medical, industrial, and automotive segments.

The Industry

ADC participates in the highly fragmented $15B U.S. non-ferrous metal foundry products market.  Within this market, ADC has established itself as a leader within several segments (e.g., aerospace & defense) that require short-run, precision-machined metal components. Continued demand for ADC’s products will be driven by long-term growth in aerospace & defense spending and increasing OEM utilization of turnkey outsourced manufacturing partners.

The Process

Prestwick initiated this transaction and acted as the exclusive financial advisor to ADC and its shareholders. Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with PWP Growth Equity, a New York-based private equity firm. Prestwick’s process included both domestic and international strategic acquirers as well as private equity groups.