PCA Aerospace

Business Overview

Headquartered in El Segundo, California, PCA Aerospace Incorporated (“PCA” or the “Company”) is a diversified aerospace component manufacturing, milling and subassembly company.  It currently has several blue chip clients including Boeing, Lockheed Martin, Bell and Vought.  Its products include a variety of close-tolerance aircraft exterior parts, such as the wing, tail and blades, for the military and commercial aerospace industries.

The Situation

PCA had been in late-stage negotiations to acquire certain aerospace manufacturing assets of The Fairchild Corporation (“Fairchild”) and it required bridge financing to complete the acquisition. PCA engaged KPMG's Corporate Finance to find and screen sources of capital and provide assistance in negotiations with Fairchild.

The Solution

KPMG Corporate Finance conducted a detailed review of the Company’s situation which led to an introduction to a number of interested capital sources.  Vintage Capital Partners (“Vintage”) quickly became the leading candidate to supply mezzanine capital to PCA.  KPMG Corporate Finance and PCA identified Vintage as the optimal counter-party which would enable PCA to complete the acquisition of Fairchild Aerostructures Company.  This acquisition allowed PCA to expand its core competencies and offer a wider range of products and services to a more diverse customer base.  PCA now operates three facilities that produce complex aluminum and exotic alloy structures for commercial, business, regional and military aircraft.  KPMG Corporate Finance supported PCA throughout the capital placement process, participated in management meetings with potential investors, and assisted the Company in successfully negotiating the transaction with Vintage.  KPMG Corporate Finance’s extensive industry experience and knowledge of a broad range of financial strategies were fundamental to its ability to deliver superior financial advice.