CriticalPoint 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”). CriticalPoint 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.
Matt Young
Founder & CEO
Direct: (310) 321- 4401
[email protected]
Luke Ewing
Director
Direct: (310) 697- 8767
[email protected]
About CriticalPoint Partners
Headquartered in Los Angeles, CriticalPoint is a leading full-service financial M&A firm that uniquely combines the best of investment banking, private capital, and valuation service offerings. CriticalPoint executes, sources, and invests in deals across a wide variety of industries for the traditionally underserved middle market. Since our founding in 2012, our mission has been to serve the needs of owners, entrepreneurs, management teams, and stakeholders with our experience, knowledge, and expert judgment, to help them realize their companies’ greatest potential. From our deep-rooted foundation in private equity and investment banking, and our devotion to deal origination and business development, combined with being entrepreneurs at heart, we believe we are differentiated and well positioned to help companies wherever they are in their life cycle.
Messers. Young and Ewing are registered representatives of and Securities Products offered through CriticalPoint Partners, LLC Member FINRA SIPC. The testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.
