FDH Aero, a portfolio company of Audax Private Equity, has acquired BJG Electronics

BJG Electronics

Based in Ronkonkoma, New York, and founded in 1979, BJG Electronics serves both original equipment manufacturers (OEMs) and aftermarket-services providers in the aerospace and defense industry. The acquisition of BJG broadens and deepens FDH Aero’s role in the aviation and defense supply chains and will provide both FDH Aero and BJG customers access to a more expansive range of products and services.

The Deal

Following the acquisition of BJG, FDH Aero will establish FDH Aero Electronic Products Group (FDH EPG), a division that will focus on supply chain excellence in the electrical and electronic components product category, alongside its industry-leading hardware, chemical and consumable franchises for the aerospace, defense and space end markets. Mitch Enright, current President of Electro Enterprises, Inc., which was acquired by FDH in July 2022, will be named President of FDH EPG. As a unified division, FDH EPG will offer an industry-leading range of interconnect and electromechanical products and services.

Our Perspective

Francis Tran, Managing Director and co-head of Lincoln’s Aerospace & Defense Group, commented, “Following our successful sale of both Aerospheres and Unical Defense to FDH Aero, Lincoln is excited to have advised FDH Aero on its acquisition of BJG Electronics, further enhancing the company’s electronics distribution offering to its expansive defense and aerospace customer base. FDH Aero continues to be a premier consolidator within the aftermarket supply chain.”

FDH Aero

FDH Aero is a trusted global supply chain solutions provider for aerospace and defense companies. With more than 55 years of experience, it specializes in C-class components that include hardware, electrical, chemical and consumable products and value-add services for global OEM and aftermarket customers. FDH is headquartered in Commerce, California, and has operations across North America, Europe and Asia. Inclusive of the acquisition of BJG, FDH Aero now has locations in 14 countries across the globe, with more than 1,000 best-in-industry employees and over 650,000 square feet of inventory space. For more information, please visit www.FDHAero.com.

Audax Private Equity

Based in Boston and San Francisco, Audax Private Equity is a leading middle-market investment firm with approximately $16 billion of assets under management, more than 185 employees and 85-plus investment professionals. Since its founding in 1999, the firm has invested in more than 160 platforms and 1,200 add-on acquisitions. Through its disciplined Buy & Build approach, across six core industry verticals, Audax Private Equity helps portfolio companies execute organic and inorganic growth initiatives that fuel revenue expansion, optimize operations and significantly increase equity value. Audax Private Equity is part of Audax Group, a leading alternative investment manager with approximately $36 billion of assets under management. For more information, please visit www.AudaxPrivateEquity.com.

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