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