SK Capital Acquires Division from Parker Hannifin, Changes Name to Axillon Aerospace

SK Capital, a private investment firm focused on the specialty materials, ingredients and life sciences sectors, completed its previously announced acquisition of the North America Composites & Fuel Containment Division of Parker Hannifin._x000D_
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The business, which has been renamed Axillon Aerospace, is a provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets._x000D_
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“Axillon Aerospace has a rich heritage of providing differentiated material science solutions for leading customers across the aerospace and defense sector,” Jared Kramer, a principal at SK Capital, said. “SK Capital is investing in Axillon Aerospace to build upon its legacy of innovation, quality and commitment to customer excellence to become the leading provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets.”_x000D_
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Kevin Vicha, tenured aerospace and defense industry executive, has been appointed CEO of Axillon Aerospace. Most recently, Vicha served as CEO of Bromford Industries and previously served in leadership positions at Pratt & Whitney, Engine Alliance and GKN Aerospace._x000D_
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“Axillon Aerospace is remarkably well positioned for growth. The design and manufacturing capability is proven across the world’s leading aerospace and defense platforms, with our advanced technology supporting next generation aerospace programs,” Vicha said. “The team at Axillon Aerospace has established a strong foundation and I’m excited to join as we partner with our customers for growth.”_x000D_
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“We welcome Kevin to the Axillon Aerospace team,” Jack Norris, managing director at SK Capital, said. “His leadership experience in the aerospace and defense sector, and track record of commercial growth, operational excellence, and customer satisfaction will greatly benefit the Company as it continues its growth journey, now as an independent company.”_x000D_
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Latham & Watkins acted as legal counsel to SK Capital. J.P. Morgan Securities served as financial advisor to SK Capital and committed debt financing was provided by direct lending funds and accounts managed by HPS Investment Partners. Lazard served as exclusive financial advisor, and Jones Day acted as legal counsel, to Parker Hannifin.