NewSpring Invests in Leading Manufacturer in Aerospace and Defense Market

NewSpring Mezzanine

Radnor, PA - June 14, 2017 - NewSpring Capital, a family of private equity funds providing growth and expansion capital, announced today that NewSpring Mezzanine Capital ("NewSpring"), the Firm’s dedicated mezzanine fund, has made a $12.6 million investment in Fore Aero Holdings (“Fore Aero”) as part of a P4G Capital Partner’s transaction.

Headquartered in Haltom City, TX, Fore Machine Company (“Fore”) provides high-precision machine shop manufacturing of rotary and fixed wing aircraft parts for manufacturers in the aerospace and defense sector. Aero Components (“Aero”) is headquartered in Fort Worth, TX and provides coating/bonding, metal processing and assembly for manufacturers in the aerospace and defense sector.

“Having multiple 30-year standing customer relationships, Fore Aero has tremendous opportunity to grow their customer base and expand their offering,” commented Greg Barger, NewSpring General Partner. “This is an exciting time for all involved and we look forward to working with the management teams at Fore Aero and P4G to assist in the continued growth, success and integration of these two companies.”

“We couldn’t be more thrilled to have NewSpring as our value-added partner,” added Rachel Lehman, Managing Director of P4G Capital.

About Fore Machine

Founded in 1979, Fore Machine supports the National Defense and Aerospace Industry with precision machine parts. The Company’s manufacturing facilities have grown to over 128,000 square feet and offer a variety of machining, assembly, bonding and metal processing. Fore Machine’s products range from classified aerospace parts to flight safety assemblies offering differentiated capabilities with complex geometries and materials as well as advanced metal processing and bonding capabilities. For more information, visit www.foremachine.com.

About Aero Components

Aero Components offers ISO 9001; 2000 NADCAP certified bonding services with the capabilities to provide support for new and legacy platforms. Aero Components is Hologram certified providing a broad range of complex parts for wide range of military platforms including the C130, F16 and more. For more information, visit www.aero-components.com.

About NewSpring Capital

NewSpring Capital manages four distinct investment strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. The Firm focuses on leveraging operational expertise and capital to provide growing companies the financial resources, advice, network of contacts, and strategic partnerships necessary to develop their businesses into market leaders. Since inception, NewSpring Capital has raised over $1.6 billion of capital in support of over 120 portfolio companies.

About P4G Capital

P4G Capital is a San Francisco based private equity firm founded by operators-turned-investors with a long history of partnering with management teams to create value. Partnering with fellow entrepreneurs, P4G focuses on the lower end of the middle market, providing capital, resources, and deep operational expertise to fuel extraordinary growth. For more information, visit www.p4gcap.com.