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