Odyssey Investment Partners portfolio company Pexco sells aerospace business to TransDigm

NEW YORK, May 14, 2015 – Odyssey Investment Partners, LLC today announced that its portfolio company Pexco LLC has sold its aerospace business ("Pexco Aerospace") to TransDigm Group Incorporated (NYSE: TDG) for approximately $496 million in cash. The purchase price includes approximately $160 million of tax benefits to be realized by TransDigm over a 15-year period beginning in 2015.

Craig Staub, a Managing Principal at Odyssey, said, “Pexco Aerospace has grown significantly since we acquired its parent company in 2012, reflecting the positive trends in the global aerospace industry. We are very pleased to complete a transaction that realizes Pexco Aerospace’s attractive value while giving the business a new home as part of a major industry participant that will be a great strategic partner.”

Neil Shillingford, Chief Executive Officer of Pexco, added, “We are excited for our future as a provider of plastic components focused on the medical and specialty industrial markets. Our businesses are well positioned to capitalize on many attractive growth opportunities and to serve the needs of their strong customer base in these attractive end markets. We thank all of our aerospace employees in Yakima, Washington and Huntington Beach, California for their many contributions to Pexco over the years and wish them well as part of TransDigm.”

Latham & Watkins represented Pexco Aerospace with respect to this transaction and Baker Hostetler represented TransDigm Group. Harris Williams & Co served as exclusive advisor to Pexco Aerospace.

About Odyssey Investment Partners

Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading middle-market private equity firm with approximately $4.0 billion under management. Odyssey Investment Partners, LLC primarily makes majority, controlled investments typically in established middle-market companies in a variety of industries. For further information about Odyssey Investment Partners, LLC, please visit www.odysseyinvestment.com.

About Pexco

Pexco LLC is based in the Atlanta area with multiple plants in the United States and Mexico. Pexco is a North American leader in the design and fabrication of custom and specialty plastics products focusing on niche, high value-added end markets. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of applications across the medical, defense, and industrial markets. Pexco offers a full portfolio of custom design, engineering and fabrication services; meets the requirements of ISO 9001:2000; is ITAR certified; and operates multiple Class 7 & Class 8 clean rooms. For more information, visit www.pexco.com or contact 404-564-8560.