Dayton, Ohio-based ETI Tech, Inc. was acquired by majority investor Soaring Pine Capital (SPC), a Simon Group Holdings (SGH) company, SGH founder and chairman said.
Founded in 1996, ETI is a provider of more than 200 flight hardware parts for military aircraft and ground support equipment for the aerospace defense industry for fixed and rotary wing aircrafts, and unmanned aerial vehicles, including the F-35, C-130, F-16 and C-5B, among others.
Through the acquisition, SPC, Wells Fargo, Comerica Bank, and new ETI leaders have formed ETI Mission Controls, LLC with the goal to grow a platform of related aerospace partner companies. To help ensure a seamless transition, current President and CEO Mark Sargent will remain with the company for a period of time.
Founded under the umbrella of SGH in 2014, Soaring Pine Capital (SPC) invests in lower middle market opportunities via private fund investment strategies in private equity and real estate.
Simon Group Holdings has interests in comprehensive energy solutions, fuel supply, oil field services, logistics and transportation, real estate investment, private equity, technology services, and turnkey modular solutions.