NEW YORK and FAIRFIELD, N.J., Nov. 6, 2015 /PRNewswire/ -- Rift Valley Equity Partners, LLC ("Rift Valley"), a private investment firm based in New York, announced today that it has acquired the assets of Arlington Machine and Tool Company ("Arlington" or the "Company") through affiliated entity Arlington Precision Components, LLC. Headquartered in Fairfield, New Jersey, Arlington is a leading manufacturer of precision-machined components for aerospace, defense, industrial, semiconductor and healthcare applications.
Since 1963, Arlington has provided close-tolerance machined components to customers across a broad range of industries. Arlington's manufacturing capabilities include CNC milling and turning, assembly and inspection as well as value-added services such as programming, modeling and tooling. Arlington maintains AS9100 Rev. C and ISO 9001 certifications.
Rift Valley's acquisition of Arlington further strengthens the capabilities of its aerospace & defense platform, which also includes Crow Precision Components ("Crow") and M&M Manufacturing ("M&M"). Additionally, Arlington expands the platform's market reach to include the semiconductor and healthcare industries.
"Arlington is an exceptional company with industry-leading capabilities and immense potential," said David Caputo, Managing Partner of Rift Valley. "We look forward to working together with the Arlington team to continue to provide extraordinary value to its customers, while leveraging the complementary capabilities and market presence of M&M and Crow."
"We are excited to begin this new chapter in Arlington's history," said John J. Staudinger, President of Arlington. "Our partnership with Rift Valley will support Arlington in our resolve to remain the leader in innovation, service and quality for each of our end markets. This investment in Arlington will drive the continued expansion of our market reach and capabilities. I am very excited about Arlington's future with the partnership and support of Rift Valley."
Rift Valley's acquisition of Arlington was facilitated through its private investment fund. Morrison Cohen LLP served as legal counsel to Rift Valley.
About Rift Valley
Rift Valley is a middle market private investment firm with a focus on the consumer products & services, retail and industrial products & services sectors. Rift Valley has a long-term investment horizon, with a strategy centered on growing businesses and building value over time. Rift Valley's partners collectively have over 40 years of professional experience in the fields of investment banking, principal investing and corporate law. For more information please visit www.riftvalleyequity.com.
About Arlington Machine and Tool
Founded in 1963 by John Staudinger Sr. with one lathe in his basement, Arlington Machine and Tool is a leading manufacturer of close-tolerance, machined components for aerospace, defense, industrial, semiconductor and healthcare customers. Arlington's manufacturing capabilities include CNC milling and turning, assembly and inspection as well as value-added services such as programming, modeling and tooling. Arlington maintains AS9100 Rev. C and ISO 9001 certifications. Arlington operates out of a 56,500 sqft facility located in Fairfield, NJ. For more information please visit www.arlingtonmachine.com.
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