Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) is pleased to announce that on August 27, 2012, it closed on the sale of AeroMetric, Inc. (“AeroMetric”). AeroMetric is a leading provider of high-quality geospatial services to corporate and governmental clients. AeroMetric had been a portfolio company of HKW since 2007.
The buyer is Arlington Capital Partners (“Arlington”), a middle market private equity firm focused on buyouts and recapitalizations in targeted growth industries including: government contracting, federal and commercial IT and engineering services, aerospace/defense, healthcare services, education & training, and business services & outsourcing.
“AeroMetric has been a leader in the geospatial services industry during our involvement,” said Jeff Wood, HKW CEO and Chairman of AeroMetric. “HKW is very pleased to have partnered with such a first class company. The team at AeroMetric has done a great job establishing a strong culture of quality, on time delivery, and technology based solutions in a dynamic marketplace. We believe that Arlington and AeroMetric will have a bright future together.”
HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Over the past 29 years, HKW has sponsored 40 platform management buyouts of small middle-market companies throughout North America as well as 43 add-on acquisitions. For further information about HKW and its portfolio companies, investment strategy, and team, please visit www.hkwinc.com. For further information on AeroMetric, please visit www.aerometric.com.
AeroMetric was represented by TM Capital Corp., an investment bank based in New York, Boston and Atlanta. Further information about TM Capital is available at www.tmcapital.com.