Fastener Distribution Holdings (FDH) has announced it has acquired UK-based aerospace services distributor PDQ Airspares to expand FDH´s aftermarket presence, the company said.
Terms of the transaction were not disclosed.
The acquisition expands FDH´s international operating footprint through its facilities in the UK, Poland, Singapore and China.
PDQ is FDH´s fourth acquisition, and second completed acquisition since Audax Private Equity invested in the company in 2017.
FDH, a portfolio company of Audax Private Equity, is a distributor of c-class hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, and component distributors through three divisions: Arlington International Aviation Products and Aircraft Fasteners International and Blue Sky Industries.
Audax Private Equity has been focussed on building leading middle market companies. Audax has invested over USD 5.0bn in 117 platform and 706 add-on companies.
PDQ is distributor of aerospace consumables and provider of supply chain management services to MRO and airline customers.