RFE, 24/6 Capital Acquire SPX Precision Components Business

(RTTNews) - PCX Aerostructures LLC, RFE Investment Partners and 24/6 Capital Partners are Tuesday announced the acquisition of SPX Corp's (SPW) Precision Components business. Industry veteran Alan Haase has been named Chief Executive Officer of PCX.

PCX Aerostructures is a manufacturer of highly engineered, precision, flight critical and other essential components for rotorcraft and fixed wing aerospace platforms serving the military and commercial markets.

24/6 and Al Haase partnered to find a platform investment providing precision machined parts to the aerospace industry and worked closely with C.W. Downer & Co., a Boston based investment bank, to source the PCX transaction and secure an equity partner.