ADC HAS BEEN ACQUIRED BY PWP GROWTH EQUITY
Prestwick is pleased to announce the sale of ADC to PWP Growth Equity, a New York-based private equity firm. Prestwick acted as the exclusive advisor to ADC and its private equity owners, Gladstone Investment Corporation (NASDAQ: GAIN) and Gladstone Capital Corporation (NASDAQ: GLAD). The terms of the transaction were not disclosed.
ADC, 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, high-complexity components to prominent OEMs in the aerospace, defense, medical, industrial, and automotive segments.
PWP Growth Equity is the middle-market private equity group of Perella Weinberg Partners Capital Management. PWP Growth Equity seeks to partner with growth-oriented, lower middle-market companies, primarily in the United States, across the consumer, services, and industrial sectors.