Triman Industries, a portfolio company of AE Industrial Partners, has purchased Brighton Cromwell and Crestwood Technology Group for an undisclosed sum as part of a push to create a combined entity focused on military aftermarket distribution and supply chain management.
The combined company will have approximately 200 employees and over 10 offices worldwide that will provide program management, kitting and logistics, distribution, counterfeit avoidance, obsolescence management, repair management, engineering services and other supply chain management platforms and services to military clients, the companies said in a joint release published Wednesday.
Triman CEO Dan Edwards said the combination of the three businesses will provide a unique set of platforms, talent and infrastructure needed to deliver a high level of value and service to clients and supply chain partners.
Morristown, New Jersey-based Brighton Cromwell has exclusive partnerships with over 20 original equipment manufacturers and provides distribution and logistics and kitting platforms to the Department of Defense, prime contractors and OEMs worldwide.
Yonkers, New York-based CTG supplies materiel, parts and obsolescence management platforms to DOD, maintenance, repair and operations providers, OEMs and commercial airlines.
Triman is a West Berlin, New Jersey-based provider of repair management, distribution, supply chain platforms to the military aftermarket and has over 65 OEM partners.
Jon Nemo, a senior partner at AEI, said combining Triman with CTG and Brighton Cromwell will establish a new company focused on the military aftermarket, which requires supply chain management platforms to help ensure operational readiness.
Rothschild advised AEI and Triman on the deal’s financial aspect, while Akerman and Kirkland & Ellis served as legal advisers.
Duff and Phelps acted as exclusive financial adviser and Kudman Trachten Aloe Posner served as legal counsel to CTG. Brighton Cromwell’s exclusive financial adviser in the transaction was Fairmount Partners, while Blank Rome served as its legal counsel.
