Cache Creek Industries, LLC, a Los Angeles-based private equity firm, today announced that it has partnered with Rockmont Capital Partners, Ltd. to acquire Brandywine Communications, Inc., (“Brandywine”) a leading designer and manufacturer of mission critical time and frequency devices that serve the military and infrastructure markets.
Founded in 1995 by its current President, Gary Smith, Brandywine designs and manufactures precision time and frequency products and integrated systems that are used on satellite hubs, naval vessels and military aircraft to ensure highly accurate and reliable communications and to support other platform missions. The products are ruggedized to perform in the most demanding environmental conditions.
“Brandywine aligns with Cache Creek’s investment thesis of acquiring niche providers of high reliability, mission critical products to the aerospace and defense markets. Most importantly, Brandywine is run by a highly talented management team that shares our philosophy of “Culture-Driven Performance.” We look forward to working with the entire Brandywine team in the United States and United Kingdom,” commented Dean Douglas, a Partner at Cache Creek who will serve as the new Brandywine Chairman. “Brandywine is Cache Creek’s third investment in the defense electronics sector in just over a year. The company represents our largest acquisition to date, and we are excited about having Brandywine work closely with our other portfolio companies (Mountain Secure Systems https://mountainsecuresystems.com/ and Automated Business Power http://www.abp.com/) to drive customer and operational synergies,” said Jake Blumenthal, a Partner at Cache Creek.
“I am very excited to partner with Cache Creek. Their highly relevant investment and operational experience will enable Brandywine to achieve its long-term growth ambitions while maintaining its customer centric culture,” commented Gary Smith, who re-invested in the transaction and will continue to serve as President.
Academy Bank provided the senior debt and Medallion Capital and Spell Capital Mezzanine co-invested in the equity and provided the mezzanine financing for the transaction. Calfee, Halter & Griswold LLP acted as legal advisor to Cache Creek Industries.
About Cache Creek Industries
Cache Creek Industries, LLC is a Los Angeles-based private equity firm focused on making control investments in companies with up to $10 million of EBITDA. The firm invests in companies in the Industrial Growth and Aerospace & Defense sectors. Cache Creek actively partners with talented management teams to drive value creation by enhancing culture, people, creativity, performance, and execution. www.cachecreekllc.com
About Rockmont Capital
Rockmont Capital Partners, Ltd. is a private investment company based in Denver, Colorado. Its mission is to build wealth by investing in and acquiring companies and to work with their management to build highly profitable and successful businesses. The firm is opportunistic in its investments, creative in solving financial and business problems and it focuses on working with people it trusts, respects and enjoys. www.rockmontcapital.com
About Brandywine Communications
Founded in 1995, Brandywine is a leading designer and manufacturer of mission critical time and frequency systems for the military and infrastructure markets. The company operates manufacturing facilities in the United States and United Kingdom and its products are sold globally. www.brandywinecomm.com