WHI Announces Strategic Combination and CEO Appointment
WHI is a vertically integrated manufacturer of complex metal parts and assemblies for the aerospace, defense and industrial markets
FAIRFIELD, N.J. and NEW YORK, Sept. 12, 2016 /PRNewswire/ -- WHI Global, LLC ("WHI", or the "Company") announces today that it has effected the strategic combination of three companies, Crow Precision Components, LLC, M&M Precision Components, LLC and Arlington Precision Components, LLC to create a vertically integrated manufacturer of complex metal parts and assemblies for the aerospace, defense and industrial markets.
With 65 years of operating history and a manufacturing footprint of over 200,000 square feet, WHI serves a diverse customer base. Utilizing a broad range of state-of-the-art equipment and support systems, WHI delivers enhanced capabilities and superior value to its customers. With industry-leading 3-, 4- and 5-axis CNC machining, closed-die forging, heat treating, assembly, testing and inspection capabilities, WHI produces complex components from virtually any metal. WHI was formed through a series of acquisitions led by Rift Valley Equity Partners, LLC ("Rift Valley"), a private investment firm based in New York.
To lead this new entity, WHI is pleased to announce that Albert Altieri has joined the Company and will serve as its President and CEO. Mr. Altieri is a 35-year veteran of the Aerospace & Defense industry and previously served as Vice President and Chief Operating Officer with Sikorsky Aerospace Services.
"The WHI platform allows us to deliver a significantly expanded suite of capabilities, while maintaining the highest standards of quality and service," said David Caputo, Managing Partner of Rift Valley. "We are pleased to welcome Al to the WHI team, and are confident he will drive this new chapter of growth."
"I am excited to join such a dynamic and high growth platform," said Mr. Altieri. "WHI's industry leading capabilities in complex machined parts, forgings and assemblies offer tremendous potential. Our focus will be to continue to provide high quality products and outstanding service to our global base of customers while delivering the enhanced benefits of the WHI platform to support their growth and capabilities."
About WHI
WHI is a vertically integrated manufacturer of precision metal components and complex assemblies for the aerospace, defense and industrial markets. With industry-leading closed-die forging, 3-, 4- and 5-axis CNC machining, assembly and NADCAP heat treating, testing and inspection capabilities, WHI serves a global customer base. WHI's operating history dates back to 1951 with over 200,000 sq. ft. of manufacturing footprint that includes three ITAR registered facilities carrying AS9100C & ISO 9001 certifications. For more information, please visit www.whiglobal.com.
About Rift Valley Equity Partners
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.
Media Contact
Duke Peer, 817-608-7915
[email protected]
SOURCE WHI Global, LLC; Rift Valley Equity Partners, LLC
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