Rift Valley Equity Partners Announces Acquisition of Crow Precision Components
PR Newswire
NEW YORK and FORT WORTH, Texas, Sept. 30, 2014
NEW YORK and FORT WORTH, Texas, Sept. 30, 2014 /PRNewswire/ — Rift Valley Equity Partners, LLC (“Rift Valley”) announced today that it has acquired the assets of MW Crow, Inc. d/b/a W. Pat Crow Forgings through affiliated entity Crow Precision Components, LLC (“Crow” or the “Company”). Headquartered in Fort Worth, Texas, Crow is a leading manufacturer of forged metal components for aerospace, defense and industrial customers.
Since 1951, Crow has provided mission-critical components for many of the largest commercial and military aerospace platforms in the industry. Crow also produces a wide range of custom forgings for use in defense, industrial, oil & gas and power generation applications. Crow’s focus on quality through its specialized processing capabilities has established its position as a leader in the forging industry.
The acquisition of Crow by Rift Valley marks the beginning of an exciting and lasting partnership. Led by accomplished forging industry veteran Cesar Garza, Crow has developed a strong reputation for providing the highest quality precision components for its customers. Rift Valley is focused on supporting Crow for the long term including investments to grow and enhance the Company’s capabilities and product offering.
“We are excited to partner with Cesar and the team at Crow,” said David Caputo, Managing Partner of Rift Valley. “We believe Crow’s specialized expertise, responsiveness and best-in-class custom production capabilities provide a unique value proposition to its customers. We look forward to continuing to deliver the highest level of service while expanding our capabilities and building a leading company within the precision components industry.”
“Rift Valley is the ideal partner for Crow,” said Mr. Garza. “They bring both capital resources and a passion for building market-leading companies. Rift Valley shares our commitment to delivering the highest quality products together with an equally high level of service, and we will benefit immensely from Rift Valley’s resources. Crow remains deeply committed to the markets we serve as well as expanding our investment in our customers, capabilities and employees.”
Rift Valley’s investment in Crow was facilitated through its private investment fund. McDermott, Will & Emery LLP and Bennett Jones LLP served as legal counsel to Rift Valley.
About Rift Valley
Rift Valley is a middle market private investment firm with a focus on the consumer products & services, retail and industrial products & services sectors. Rift Valley has a long-term investment horizon, with a strategy centered on growing businesses and building value over time. Rift Valley’s partners collectively have over 40 years of professional experience in the fields of investment banking, principal investing and corporate law. For more information please visit www.riftvalleyequity.com.
About Crow
Crow Precision Components, LLC is a leading manufacturer of forged components for aerospace, defense and industrial customers. Since 1951, Crow has provided mission-critical components for many of the largest commercial and military aerospace platforms in the industry. Crow also produces a wide range of custom forgings for use in defense, industrial, oil & gas and power generation applications. For more information please visit www.crowcomponents.com.
Press Inquiries:
Rift Valley Equity Partners, LLC
7 World Trade Center
250 Greenwich St., 46th Floor
New York, NY 10007
Tel: 212-266-0131
Email: press@riftvalleyequity.com
SOURCE Rift Valley Equity Partners, LLC
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