Hancock Park Associates and Next Point Capital Acquire Sheffield Manufacturing
Based in the greater Los Angeles, CA area, Sheffield Manufacturing is a leading provider of precision machining, sheet metal, and welding products to the aerospace industry. A dedicated and skilled staff produces and delivers high-quality parts for a variety of commercial and military aircraft for premier customers such as Boeing, Lockheed-Martin, and Northrop Grumman. Using CNC and conventional profiling equipment, the most sophisticated CAD programs, and concurrent engineering support, the Company responds quickly to requirements for all sizes of build-to-print parts and complete assemblies from its three manufacturing facilities (Sheffield - Sun Valley, CA; Sheffield - Torrance, CA; and Fortune Manufacturing, Chino, CA). Materials include aluminum, stainless steel, titanium, magnesium, copper, phenolic, nylon, brass, and Inconel.
Gene Ruddy, CEO of Sheffield, added, “We are excited about the opportunity to partner with HPA and NXT, which have an in-depth understanding of our business and industry. We are very pleased to have long-term oriented and experienced strategic investors that will support our strategy of producing high quality products.” Mike Fourticq, Sr. Managing Partner of Hancock Park Associates, said, “We are thrilled to invest in such a high quality company. The Company is well positioned within the industry and we are very bullish on the Company’s future prospects.”
Mark Mickelson, Managing Partner of Next Point, added, "We are really excited to team up with Hancock Park Associates given their deep expertise in aerostructures. We also look forward to supporting management with their strategic growth plans.”
About Hancock Park Associates HPA is a Los Angeles based private equity firm founded in 1986 with over $400 million invested in middle market companies since 2002. With offices in Los Angeles and Houston, the firm’s principals have extensive experience investing in and partnering with management teams across a broad range of industries. For additional information please visit www.hpcap.com.
Mike Fourticq, Jr.
About Next Point Capital
About Next Point Capital Next Point Capital is a private equity firm focused on buyouts, recapitalizations and restructurings in the lower middle market. For additional information please visit www.nextpointcapital.com