SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its clients, Ridge Engineering, Inc. (“Ridge”) and The Bechdon Company, Inc. (“Bechdon”), have both been acquired by HEICO Corporation (NYSE: HEI.A and HEI). The Companies entered into the agreement on July 6, subject to regulatory approval which was subsequently received.
Founded in 1967, Ridge Engineering is a leader in performing tight-tolerance machining and brazing of large-sized parts in mission-critical defense and aerospace applications. Ridge operates out of an 87,500 square-foot facility in Hampstead, MD, and is constructing an 89,654 square-foot facility on an adjacent lot to support the Company’s growth.
Founded in 1966, Bechdon provides machining, fabrication, and welding services for aerospace, defense, and other industrial applications. Bechdon is a key subcontractor for subcomponents used in Ridge’s final assemblies, operating out of a 42,000 square-foot facility in Upper Marlboro, MD.
“The SC&H Capital team did a phenomenal job finding the right partner and understanding the importance of preserving the values and legacy my family has built,” said David Tracey, President of Ridge Engineering. “SC&H Capital’s industry experience was invaluable. Not only did they guide both leadership teams through the transaction, but they also helped my family navigate the complexities of the M&A process and properly plan for Ridge and Bechdon to reach the next level of success.”
“We knew it was important for the Tracey family to find a partner that valued Ridge’s and Bechdon’s unique precision machining and brazing capabilities and would also preserve the culture and legacy they worked so hard to build,” said Matthew Roberson, Managing Director at SC&H Capital. “Our team’s deep understanding of the buyer universe allowed us to run a highly targeted process and identify the right strategic partner that appreciated the Companies’ mission-critical capabilities and met the family’s goals.”
The transaction closed on August 4, 2021.
About SC&H Capital
SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), employee stock ownership plans (ESOP), distressed M&A, and business valuations for middle-market companies nationally. SC&H Capital delivers services across numerous industries including technology, healthcare, manufacturing, business and professional services, and government contracting. We are recognized for delivering relevant market insights and tailored solutions to help owners achieve their true strategic value. To learn more, visit www.schcapital.com.