CriticalPoint Partners (“CPP”) is pleased to announce that Pacific Piston Ring Co., Inc. (“PPR”), a premier provider of piston and sealing rings for the aerospace end market, has been acquired by Loar Group, Inc. (“Loar”). CPP represented PPR as its exclusive financial advisor.
PPR was established in 1921 by S.Q. Shannon, primarily supplying piston rings to the automotive aftermarket. Today, with a nearly century-long operating history as a family owned business, PPR’s rings are engineered and manufactured to meet complicated and discreet specifications for use in a number of aerospace applications. The Company’s piston and sealing rings can be found on numerous legacy and new production aircraft across the commercial, general aviation and military end markets.
Mike Shannon, President of PPR, expressed his enthusiasm to work with this strategic partner to continue the growth of Pacific Piston Ring. “This business was originally founded by my grandfather and has been a part of our family for over 99 years. As such, it was important for us to find the right partner and we believe Loar Group will be a great steward of PPR and is well prepared to lead PPR for hopefully the next 100 years,” added Mr. Shannon. “I also want to thank the CriticalPoint team, which exhibited a great amount of professionalism and tailored a process specifically to meet our objectives. Our family relied heavily on their invaluable advice as they kept the process on track to a successful closing. CriticalPoint proved supremely adept at navigating our family through challenging hurdles while exceeding our expectations on the ultimate outcome.”
The Pacific Piston Ring transaction represents the eighth aerospace deal executed by the CriticalPoint senior deal team over the previous four years.
Please contact Matt Young or Luke Ewing with any questions about this transaction.
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Direct: (310) 321- 4401
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About CriticalPoint Partners
Headquartered in Los Angeles, CriticalPoint Partners is a leading middle market M&A advisory and investment banking firm focused on sourcing, negotiating and executing a range of corporate finance solutions to enhance shareholder value while building long-term partnerships with its clients. To learn more about CriticalPoint Partners, please visit www.criticalpointpartners.com.
Mr. Young and Mr. Ewing are registered representatives of and Securities Products offered through BA Securities, LLC Member FINRA SIPC. CriticalPoint Partners, LLC and BA Securities, LLC are separate and independent entities. The testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.
Transaction completed in conjunction with BA Securities.