H-D Advanced Manufacturing Company Soars with Latest Exit Firm Sells Stake in North Carolina-based Aerospace Components Manufacturer H-D Advanced Manufacturing Company (H-D) has sold Firstmark Corp. (Firstmark), a Creedmoor, North Carolina-based manufacturer of highly engineered components and subsystems for the aerospace and defense industries. H-D is a partnership of The Riverside Company, Hicks Equity Partners and Weinberg Capital Group formed in December 2012.
Headquartered in Houston, Texas, H-D designs and manufactures “mission-critical,” hard-to-make components used in a wide range of applications such as hydraulic actuation in airplanes, components for downhole mud motors for oil and gas applications and heavy-duty gears and gearboxes for a variety of industrial, construction and mineral extraction uses.
“Firstmark was a calculated addition to the H-D strategy, helping to further build the product line in our aerospace technology vertical offering highly engineered solutions for this industry,” said Riverside Managing Partner Suzy Kriscunas. “We are pleased that we were able to sell Firstmark to a buyer where it will be an even better strategic fit than it was under H-D.”
H-D acquired Firstmark in 2015 as a part of the H-D platform. The company manufactures aftermarket replacement products including mechanical, electromechanical and electronic components and subsystems, OEM aftermarket parts, safety restraints and leading-edge inflatable safety solutions used principally in legacy aerospace and defense platforms.
