Thompson Capital Partners is pleased to announce the acquisition of Evaero, Inc, an Arizona corporation. Based in Tucson, Arizona, Evaero is a leading supplier of mission critical components for the aerospace and defense industry.
Thompson Capital Partners is pleased to announce the completion of the acquisition of Metco Metal Finishing, LLC, an Arizona limited liability company. METCO is a leading supplier of plating and chemical processing services including: Anodize Type II, Anodize Type III (Hard), ChemFilm, Passivate, Zinc Rack, Zinc Barrel, Zinc Nickel, and Electroless Nickel. Metco serves a wide variety of industry customers including industrial, semi-conductor, automotive, and aerospace.
Thompson Capital Partners ("TCP") announced today the completion of the acquisition of Precise Metal Products Co., Inc., an Arizona corporation ("PMP"), in partnership with Staple Street Capital. PMP is a leading precision metal fabricator providing a one-stop source for complex metal, machining, formed and finished assemblies. PMP offers extensive manufacturing capabilities including hydroforming, punch press, metal spinning, roll forming, precision machining, laser cutting, wire EDM, TIG and resistance welding, painting, and ChemFilm finishing. PMP is ISO 9001:2015 and AS9100D certified as well as being NADCAP AS7003 certified for Welding and Chemical Processing. PMP serves all major aerospace and military OEMs, including Pratt & Whitney, Honeywell, UTC Aerospace, General Dynamics, and Orbital ATK. Established in 1957, PMP is located in Phoenix, Arizona and energized by over 175 talented employees.
Thompson Capital Partners ("TCP") announced today the completion of the acquisition of American Industries Diversified, Inc., an Arizona corporation ("AID"). AID is a leading supplier of technical coatings to the aerospace and defense industries. AID is Nadcap certified in accordance with SAE Aerospace Standard AS7003 for chemical processing, Aerospace Quality System (AC7004), and ITAR compliant. AID serves all major aerospace and military OEMs, including Honeywell, Boeing, Triumph, Sargent, General Dynamics as well as a host of Tier I precision parts manufacturers. AID was established in 1978 and is located in Phoenix, AZ.
With these four key elements of the operating agreement defined, a 50/50 JV or partnership is no more difficult to manage than any other equity split. Some might argue that a 51% equity share or more is better as it allows for a clear decision maker. But how effective will the business be if the minority partner always feels that he is vetoed and his viewpoints dismissed? So regardless of the equity split, you need to have all of the elements above in place so that partner disagreements can be settled in a defined, structured manner acceptable to both parties.
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