Arc Drilling Closes Acquisition of H&W Tool and Becomes Arc Adaptive Machining Solutions

Arc Drilling Closes Acquisition of H&W Tool and Becomes Arc Adaptive Machining Solutions

CLEVELAND, OH, February 25, 2025 – Arc Drilling today announced the acquisition of H&W Tool, a leading provider of airfoil machining services to the  aerospace, defense, and power generation industries. The newly merged company also announced its new brand name, Arc Adaptive Machining Solutions (“Arc” or the “Company”), and unveiled its logo.  

Headquartered in Cleveland, Ohio, Arc has become a market leading provider of airfoil machining services.  The Company’s capabilities include electrical discharge machining (EDM), adaptive machining, water jet, and grinding. Arc operates six manufacturing facilities in the United States – Cleveland (OH), Dover (NJ), Euclid (OH), Greenville (SC), Hampton (VA), and Summerville (SC) – all of which have either AS9100 or NADCAP certifications, or both. 

“With the combined capabilities of Arc Drilling and H&W Tool, Arc Adaptive Machining Solutions is the manufacturing technology leader in the machining of airfoils and other critical gas turbine parts,” said Arc CEO Jason Busse. “Our unmatched capabilities in EDM and adaptive machining are in high demand, and we are excited to continue making significant investments in technology and capacity to support the rapidly increasing production rates in the aerospace engine and power generation markets.”   

Rick Winstead, President of H&W Tool, commented, “I want to thank all of the employees whose hard work and technology innovations over many decades have made H&W Tool into the company that it is today.  Our team is excited to be joining with Arc Drilling, and the combination of our two companies will enable both operations to better serve the  needs of our customers and our people.”

“As a result of the H&W Tool acquisition, Arc Adaptive Machining Solutions has become one of a small number of vertically integrated providers in the airfoil machining market,” said Jesse Liu, a Partner at Washington Equity Partners, the majority equity owner of Arc Adaptive Machining Solutions. “We continue to pursue additional opportunities to deepen our customer relationships and expand our capabilities and geographic presence.”

About Arc Adaptive Machining Solutions

Arc Adaptive Machining Solutions is a leading provider of electrical discharge machining, waterjet, and grinding manufacturing services to the aerospace, defense, power generation, and medical markets.  The Company has manufacturing facilities in Cleveland (OH), Dover (NJ), Euclid (OH), Greenville (SC), Hampton (VA), and Summerville (SC). Each facility has AS9100 and/or NADCAP certifications, and the Dover (NJ) facility also has the ISO 13485 certification.  https://arcadaptive.com

About Washington Equity Partners

Washington Equity Partners is a sector-focused private equity firm that makes control equity investments in established lower middle market businesses with strong prospects for rapid organic and acquisition-driven growth.  The firm is headquartered in McLean, VA and is focused on investing in: (i) Aerospace, Defense, and Government (ADG), (ii) Medical Device, (iii) Industrial and Advanced Manufacturing, and (iv) Software and Technology.  www.w-equity.com

Contact: 

Jason Busse

Arc Adaptive Machining Solutions

9551 Corporate Circle

Valley View, OH 44125

(216) 525-0920    

https://arcadaptive.com

Jesse Liu

Washington Equity Partners

8200 Greensboro Drive, Suite 900

McLean, VA 22102

(202) 839-3410  

www.w-equity.com

Washington Equity Partners Announces Tube Bending Technology’s Acquisition of Scarrott Metallurgical

Washington Equity Partners Announces Tube Bending Technology’s Acquisition of Scarrott Metallurgical

MCLEAN, VA, March 27, 2024 – Washington Equity Partners is pleased to announce that its portfolio company Tube Bending Technology (“Tube Bending”), an industry leader in manufacturing tube assemblies, components, and ducts for the aerospace, defense, semiconductor, and space industries, has acquired Scarrott Metallurgical Company (“SMC” or the “Company”). SMC is a leading provider of vacuum brazing and heat treating manufacturing services and is based in Los Angeles, CA. Following the SMC acquisition and the recent acquisition of Creative Pathways, Tube Bending now operates three facilities with a full suite of vertically integrated capabilities to manufacture tube and duct assemblies.

SMC was founded in 1977 and specializes in vacuum brazing and heat treating aerospace alloys. The Company has AS9100 and NADCAP certifications in heat treating and aerospace quality systems. Its capabilities include heat treating and brazing stainless steel, titanium, Inconel, and refractory metals and its customer base includes over 100 OEM’s and Tier I/II suppliers in the aerospace, defense, and space markets. General Manager Jose Catano will continue to lead the Company’s operations post-closing. 

“SMC’s capabilities to vacuum braze and heat treat aerospace alloys are best-in-class and the Company is widely recognized in the industry for its leadership in quality, engineering, and innovation,” said Tube Bending CEO Brent Daldo. “With customer approvals from nearly all of the large aerospace, defense, and space OEM’s and primes, SMC occupies a strategically significant position in the supply chain, and we are planning to make immediate investments in the Company’s capacity, capability, and systems that will enable SMC to meet the growing demand from its customer base.”  

Shannon Scarrott, President of SMC, said, “Our family has been the proud owner of SMC for almost five decades, and we are grateful for all of the employees, customers, and suppliers that have made the Company such a special place. In Tube Bending, we have found the ideal home for SMC’s next chapter, and we are all excited to see where the business will go from here.”

“The acquisition of SMC’s vacuum brazing and heat treating capabilities represents an important vertical integration for Tube Bending,” said Jesse Liu, a Partner at Washington Equity Partners, the majority equity owner of Tube Bending. “With the addition of SMC, Tube Bending now has almost all of the capabilities needed to manufacture tubing assemblies 100% in-house.”

About Tube Bending

Tube Bending Technology is a leading manufacturer and fabricator of tubing and ducting assemblies. The Company has manufacturing facilities in Apple Valley, CA, Los Angeles, CA and Torrance, CA and has been serving the aerospace and defense industries for over 50 years. Tube Bending’s vertically integrated suite of capabilities includes tube bending, tube fabrication, machining, welding, brazing, heat treating, assembly, design, inspection and testing. https://tubebendingtechnology.com 

About Washington Equity Partners

Washington Equity Partners is a sector-focused private equity firm that makes control equity investments in established lower middle market businesses with strong prospects for rapid organic and acquisition-driven growth. The firm is headquartered in McLean, VA and is focused on investing in: (i) Aerospace, Defense, and Government (ADG), (ii) Medical Device, (iii) Industrial and Advanced Manufacturing, and (iv) Software and Technology. www.w-equity.com

Contact: 

Brent Daldo

Tube Bending Technology

13356 Manhasset Rd.

Apple Valley, CA 92308   

(760) 948-4220  

https://tubebendingtechnology.com/

Jesse Liu

Washington Equity Partners

8200 Greensboro Drive, Suite 900

McLean, VA 22102

(202) 839-3410  

www.w-equity.com

Washington Equity Partners Announces Tube Bending Technology’s Acquisition of Creative Pathways, Inc.

Washington Equity Partners Announces Tube Bending Technology’s Acquisition of Creative Pathways, Inc.

MCLEAN, VA, November 6, 2023 – Washington Equity Partners is pleased to announce that its portfolio company Tube Bending Technology (“Tube Bending”), an industry leader in manufacturing Tube Assemblies, Components, and Ducts for the aerospace, defense, semiconductor, and space industries, has acquired Creative Pathways, Inc. (“Creative Pathways” or the Company), a leading manufacturer of Aerospace Tube and Duct Assemblies.  Creative Pathways is based in Torrance, CA and will operate as a wholly-owned subsidiary of Tube Bending. 

Creative Pathways was founded in 1969 and specializes in manufacturing complex tubular systems.  The Company has AS9100 and NADCAP certifications in welding and NDT disciplines. Its capabilities include Tube Bending, Orbital Tube Welding, TIG Welding (including titanium welding), Precision Machining, Nondestructive Testing, and Pressure Testing.  The company also has a Class 100 Clean Room to ISO 5 standards. President Tim Rohrberg and Chief of Operations Patti Rohrberg will continue to lead the Company’s operations post-closing. 

“We have long been an admirer of Creative Pathways and we are excited to partner with Tim and Patti Rohrberg to continue growing the exceptional business that they have built,” said Tube Bending CEO Brent Daldo. “The combination of Tube Bending’s capabilities with Creative Pathways’ capabilities uniquely positions the combined company to deliver a full suite of in-house capabilities that will reduce lead times, costs, and supply chain uncertainty for our customers.”   

Tim Rohrberg, President of Creative Pathways, said, “My father, Roderick Rohrberg, was the founder of Orbital Tube Welding and the Micro-Fit Weld Fitting, and he founded Creative Pathways to bring these innovations to the market.  Over the past five decades, we have used these capabilities to manufacture some of the most complex tubular systems in aerospace, where small size and system integrity are vital. Today, these innovations are foundational in the aerospace, defense, space and semiconductor industries, and we are excited to combine with the Tube Bending team to expand the reach of our innovative technologies.”

“Creative Pathways is an ideal acquisition for Tube Bending, with highly complementary capabilities and a minimally overlapping customer base,” said Jesse Liu, a Partner at Washington Equity Partners. “We are excited to support the Tube Bending team’s acquisition of Creative Pathways and we are actively seeking additional strategic acquisitions that will expand our capabilities, customer base, and geographic footprint.”

AZL Capital Advisors provided investment banking advisory services to Tube Bending on the acquisition.

About Tube Bending

Tube Bending Technology is a leading manufacturer and fabricator of tubing and tubing assemblies.  The Company has manufacturing facilities in Apple Valley, CA and Torrance, CA and has been serving the aerospace and defense industries for over 50 years. Tube Bending’s vertically integrated suite of capabilities includes tube bending, tube fabrication, machining, welding, brazing, assembly, design, inspection and testing. https://tubebendingtechnology.com  

About Washington Equity Partners

Washington Equity Partners is a sector-focused private equity firm that makes control equity investments in established lower middle market businesses with strong prospects for rapid organic and acquisition-driven growth.  The firm is headquartered in McLean, VA and is focused on investing in: (i)Aerospace, Defense, and Government (ADG), (ii) Medical Device, (iii) Industrial and Advanced Manufacturing, and (iv) Software and Technology.  www.w-equity.com

Contact: 

Brent Daldo

Tube Bending Technology

13356 Manhasset Rd.

Apple Valley, CA 92308   

(760) 948-4220  

https://tubebendingtechnology.com/

Jesse Liu

Washington Equity Partners

8200 Greensboro Drive, Suite 900

McLean, VA 22102

(202) 839-3410  

www.w-equity.com

ACCU-TUBE ANNOUNCES MERCURY TUBE ACQUISITION

ACCU-TUBE ANNOUNCES MERCURY TUBE ACQUISITION

ENGLEWOOD, CO, February 7, 2020 — Accu-Tube (“Accu-Tube”), a world leader in high-quality stainless steel tubing, announced today that it has acquired Mercury Tube (“Mercury Tube” or the Company), a leading global manufacturer of high precision stainless steel & high nickel alloy tubing based nearby in Englewood, CO. Mercury Tube will operate as a wholly-owned subsidiary of Accu-Tube.

Mercury Tube provides welded and drawn tubing and cold drawn outside diameter tubing in standard and custom sizes ranging from .125” OD (outside diameter) to 1.25” OD. The Company’s core alloys include 304/304L, 304H, 316/316L, 321, 400, 800, 825, 840 and E-Brite®. In addition, Mercury Tube has the capability to produce small diameter tubing at wall thicknesses ranging from .010” (.25mm) to greater than .083” (2.11mm).

Kevin McGrath, CEO of Accu-Tube said, “We are excited about acquiring Mercury Tube and adding Mercury Tube’s skilled employees and extensive range of tubing capabilities. In particular, Mercury Tube’s ability to weld and draw thicker-walled small diameter tubing will help us broaden our product offering to our medical customers. In the coming months, we expect to have a series of exciting new product introductions that will leverage the unique capabilities of both operations.”

Mercury Tube will continue operating out of its 40,000 square foot facility in Englewood, CO. The Company’s current customer base includes a diversified group of OEMs and Tier I suppliers in the industrial, aerospace, medical and thermal management end markets. Accu-Tube will invest in Mercury Tube by adding plug-drawing and centerless grinding technologies to expand capabilities for their customer base.

In the early 1970’s Mercury and Accu-Tube had shared ownership under Gary Oakley. This acquisition reunites the two long standing providers of precision stainless steel tubing.

Jesse Liu, a Partner at Washington Equity added, “We are excited to support Accu-Tube’s acquisition of Mercury Tube and see significant new business opportunities in the medical and aerospace end markets for the combined company.”

About Accu-Tube

Headquartered in Englewood, CO, Accu-Tube is a leading manufacturer of highly engineered small-diameter stainless steel tubing. The Company was founded in 1973 and is a long-time tubing supplier to OEMs and Tier I suppliers in the medical, aerospace and industrial markets. Accu-Tube’s standard and custom size stainless steel tubing ranges from .009″ OD (.23mm) to .375″OD (9.35mm). www.accutube.com

About Washington Equity Partners

Washington Equity Partners is a sector-focused private equity firm that makes control equity investments in established lower middle market businesses with strong prospects for rapid organic and acquisition-driven growth.  The firm is headquartered in McLean, VA and is focused on investing in: (i) Aerospace, Defense, and Government Contracting, (ii) Industrial and Advanced Manufacturing, and (iii) Software and Technology. www.w-equity.com

###

Contact:

Kevin McGrath

720-900-0370

Washington Equity Partners Leads Majority Recapitalization of Tube Bending, Inc.

Washington Equity Partners Leads Majority Recapitalization of Tube Bending, Inc.

MCLEAN, VA / APPLE VALLEY, CA, February 3, 2020 – Washington Equity Partners (“Washington Equity”), a private equity firm based in the Washington DC metro area, today announced that it has made a majority investment in Tube Bending, Inc. (“Tube Bending” or the “Company”), a leading manufacturer and fabricator of tubing and tubing assemblies.  President Bryan Christoffersen will retain a significant equity ownership position and will continue in his day-to-day management of the Company.   

Founded in 1959 and based in Apple Valley, CA, Tube Bending is a manufacturer of complex tubing components and assemblies for the aerospace, defense, space, medical and industrial markets. Tube Bending’s in-house manufacturing capabilities include tube bending, tube fabrication, machining, welding, brazing, assembly, design, inspection and testing.  The Company supports a diverse group of the world’s leading commercial and military aircraft and aero-engine OEMs and Tier I suppliers.    

Jesse Liu, a Partner at Washington Equity, said, “We look forward to partnering with the Tube Bending team to build upon the Company’s strong and consistent track record of long-term growth. With differentiated capabilities and a strong management team committed to market-leading execution, Tube Bending is well positioned to continue growing its business in the aerospace, defense and medical end markets.”      

Bryan Christoffersen, President of Tube Bending, said, “This is an exciting time for the entire Tube Bending team as we start our partnership with Washington Equity, and this investment represents an important milestone for our Company.  With Washington Equity’s support, resources and deep industry knowledge, we will be able to build upon the success we have had and expand our ability to execute on the market opportunity in front of us.” 

Hagen Saville, a Partner at Washington Equity, added, “We are excited about the opportunity to build Tube Bending into a market-leading tubing platform in the aerospace and defense markets. Tubing is a core focus for Washington Equity and we see significant opportunity ahead for Tube Bending to achieve a step function in growth through organic and inorganic means.”     

Plexus Capital and SharpVue Capital provided debt and equity financing in support of the transaction. 

Keystone Capital Markets served as the exclusive financial advisor to Tube Bending. 

About Washington Equity Partners

Washington Equity Partners is a sector-focused private equity firm that makes control equity investments in established lower middle market businesses with strong prospects for rapid organic and acquisition-driven growth.  The firm is headquartered in McLean, VA and is focused on investing in: (i)Aerospace, Defense, and Government Contracting, (ii) Industrial and Advanced Manufacturing, and (iii) Software and Technology.  www.w-equity.com

 About Tube Bending

Headquartered in Apple Valley, CA, Tube Bending is a leading manufacturer and fabricator of tubing and tubing assemblies.  The Company operates out of a state-of-the art, 36,000 sq. ft manufacturing facility and has been serving the aerospace and defense industries for over 50 years. Tube Bending’s vertically integrated suite of capabilities includes tube bending, tube fabrication, machining, welding, brazing, assembly, design, inspection and testing. https://tubebendinginc.com/  

Contact:

Jesse Liu, Hagen Saville or Bob Knibb

Washington Equity Partners

1420 Spring Hill Road, Suite 600

McLean, VA 22101

(202) 839-3410

www.w-equity.com

 Source: Washington Equity Partners

Washington Equity Partners Acquires Accu-Tube and Announces Kevin McGrath as CEO

Washington Equity Partners Acquires Accu-Tube and Announces Kevin McGrath as CEO

MCLEAN, VA / ENGLEWOOD, CO, August 21, 2018 – Washington Equity Partners (“Washington Equity,” a private equity firm based in the Washington DC metro area) today announced that it has acquired Accu-Tube Corporation (“Accu-Tube” or the “Company”), a leading manufacturer of highly engineered small-diameter stainless steel tubing. Washington Equity also announces the appointment of Kevin McGrath as Chief Executive Officer of Accu-Tube, effective immediately. In addition, Bill Ellerkamp and Diane Loudon will join the Company’s Board of Directors.  

 Founded in 1973, Accu-Tube manufactures top quality standard and custom size stainless steel tubing, ranging from.009" OD (.23mm) to .375"OD (9.35mm). The Company is headquartered in Englewood, Colorado and largely sells to the medical, aerospace and industrial end markets.   

 Prior to joining Accu-Tube, Kevin McGrath most recently served as Vice President, Advanced Surgical at Tecomet, Inc., a leading manufacturer of complex parts for the Medical Device and Aerospace/Defense markets. Prior to Tecomet, Mr. McGrath had executive management roles at Mountainside Medical (where he was one of three original co-founders), Accellent, MedSource Technologies, and National Wire and Stamping. 

 Jesse Liu, a Partner at Washington Equity, states that, “Accu-Tube is a clear market leader with unique engineering capabilities and differentiated products, and the customer demand for its tubing far exceeds the Company’s current revenue base. We plan to make significant investments to expand the Company’s manufacturing capacity, and are excited to be partnering with new CEO Kevin McGrath and the current Accu-Tube team to grow the business.”     

 Kevin McGrath, Chief Executive Officer of Accu-Tube, continues, “I am excited to join the Accu-Tube team as the Company begins its partnership with Washington Equity. I have been a longtime customer of Accu-Tube’s tubing and have a strong appreciation for the market-leading quality of its products, the strong capabilities of its talented management and employees, and the opportunity ahead. We look forward to enhancing our service levels to each of our current customers and building increased awareness of our capabilities across each of our market segments.” 

 Bob Knibb, a Partner at Washington Equity, added, “We are thrilled to add Accu-Tube to our portfolio and we will invest our capital, expertise and resources to significantly expand Accu-Tube’s operations, manufacturing footprint, and employee base. In addition, we are also eager to pursue potential acquisitions of companies that have complementary tubing capabilities.”     

Plexus Capital and Private Advisors provided debt and equity financing in support of the transaction. 

 EdgePoint served as the exclusive financial advisor to Accu-Tube. 

 About Washington Equity Partners

Washington Equity Partners is a sector-focused private equity firm that makes control equity investments in established lower middle market businesses with strong prospects for rapid organic and acquisition-driven growth. The firm is headquartered in McLean, VA and is focused on investing in: (i)Aerospace, Defense, and Government Contracting, (ii) Industrial and Advanced Manufacturing, and (iii) Software and Technology. www.w-equity.com

About Accu-Tube

Headquartered in Englewood, CO, Accu-Tube is a leading manufacturer of highly engineered small-diameter stainless steel tubing. The Company was founded in 1973 and is a long-time tubing supplier to OEMs and Tier I suppliers in the medical, aerospace and industrial markets. Accu-Tube’s standard and custom size stainless steel tubing ranges from .009" OD (.23mm) to .375"OD (9.35mm).   www.accutube.com

 Contact:

Jesse Liu, Bob Knibb or Hagen Saville

Washington Equity Partners

1420 Spring Hill Road, Suite 600

McLean, VA 22101

(202) 839-3410

www.w-equity.com

 Source: Washington Equity Partners

Washington Equity Partners, with Management, Leads Majority Recapitalization of Arc Drilling

Washington Equity Partners, with Management, Leads Majority Recapitalization of Arc Drilling

MCLEAN, VA / CLEVELAND, OH, November 21, 2017 – Washington Equity Partners (“Washington Equity,” a private equity firm based in the Washington DC metro area), in partnership with the Company’s existing owners and management, today announced an investment in Arc Drilling, LLC (“Arc Drilling” or the “Company”).  Headquartered in Cleveland, Ohio, Arc Drilling is a leading provider of electrical discharge machining (EDM) solutions to the industrial gas turbine and aerospace engine markets.  Arc Drilling is Washington Equity’s second portfolio company in the Aerospace, Defense and Government (ADG) sector and will serve as Washington Equity’s platform company in the growing EDM market. 

Founded in 1961, Arc Drilling’s capabilities include Fast Hole EDM, Wire EDM and Sinker EDM.  The Company has a long history of being an industry leader in production quality and turnaround times, and it performs EDM services on over 200,000 parts per year for a diversified customer base that includes GE, Parker Hannifin, Precision Castparts, Swagelok and Woodward.  With facility locations in Cleveland, OH, Greenville, SC, and Charleston, SC, Arc Drilling is strategically positioned near major industrial gas turbine and aerospace engine manufacturing centers. 

Arc Drilling’s current management team, led by Lee Trem and Kevin Trem, will continue to lead the Company going forward.  “We are very excited to partner with Washington Equity as we lead Arc Drilling through this next stage of transformative growth,” said Lee Trem, President of Arc Drilling.  “Market demand for high quality EDM suppliers like Arc Drilling is at an all-time high, and Washington Equity’s strategic focus on growth and market leadership make it an ideal partner for us.”

Kevin Trem, Vice President of Arc Drilling, commented, “We look forward to leveraging Washington Equity’s resources, relationships and domain expertise in gas turbines as we expand our business.  Having more resources and capital available will enable us to provide even better value to our customers through geographic expansion and the development of new capabilities.”     

Jesse Liu, a Partner at Washington Equity, said, “As a pure-play EDM provider, Arc Drilling is uniquely positioned to benefit from the growing demand in the turbine market for manufacturing technologies that can reliably produce small and complex hole channels and gas pathways.  Lee Trem, Kevin Trem and the entire management team at Arc Drilling have built an industry leader in EDM capability and execution quality and we are proud to have the opportunity to partner with them.”

Gladstone Capital, Farragut Capital and Siguler Guff provided debt and equity financing in support of the transaction. 

EdgePoint Capital provided M&A advisory services to Arc Drilling.  

About Washington Equity Partners

Washington Equity Partners is a sector-focused private equity firm that makes control equity investments in established lower middle market businesses with strong prospects for rapid organic and acquisition-driven growth.  The firm is headquartered in McLean, VA and is focused on investing in: (i) Aerospace, Defense, and Government Contracting, (ii) Industrial and Advanced Manufacturing, and (iii) Software and Technology. 
www.w-equity.com

About Arc Drilling

Headquartered in Cleveland, Ohio, Arc Drilling is a leading provider of Fast Hole EDM, Wire EDM and Sinker EDM manufacturing services. The Company was founded in 1961 and is a long-time supplier to OEMs and Tier I suppliers in the industrial gas turbine, aerospace engine and industrial markets. Arc Drilling has manufacturing operations in Cleveland, Ohio; Greenville, South Carolina; and Charleston, South Carolina.  www.arcdrilling.com

Contact:

Jesse Liu, Bob Knibb or Hagen Saville
Washington Equity Partners
1420 Spring Hill Road, Suite 600
McLean, VA 22101
(202) 839-3410
www.w-equity.com

SOURCE: Washington Equity Partners L.L.C.