Primus Aerospace Acquires Raloid Corporation

Primus Aerospace ("Primus"), a provider of highly complex, machined components and assembly solutions to the aerospace, defense, and space industry, sponsored by Angeles Equity Partners, LLC ("Angeles"), today announced the acquisition of Raloid Corporation ("Raloid"). Raloid machines critical components for several strategic defense programs. With the addition of Raloid, Primus further strengthens its position as a Tier 1 supplier in the defense industry. Raloid will continue to operate under its existing brand name.

"We are proud to add Raloid to the Primus platform. Raloid's legacy of performance and capabilities make it an ideal addition to Primus," said Nick McGrath, CFO of Primus Aerospace.

"The addition of Raloid represents a key step forward in our effort to become the leading Tier 1 supplier of critical machined components and subassemblies to the U.S. defense industry," added Kyle Brengel, COO of Primus Aerospace.

Raloid offers value-added services, including precision component manufacturing, chemical plating, assembly and integration, non-destructive testing, and complete build-to-print program management. The company's proficiency with exotic and hard metals has enabled it to manufacture high-complexity, tight-tolerance components and subassemblies for Raytheon, Lockheed Martin, and other leading defense contractors.

"The Raloid team is excited to join Primus. Our combined capabilities will yield great results for our customers and our nation's military," said Suzanne Daniels, President of Raloid. "I am confident that Raloid will help position Primus Aerospace for accelerated growth in support of our nation's highest defense priorities."

Simpson Thacher & Bartlett LLP served as legal advisor for Primus. The financial terms of the transaction were not disclosed.

About Raloid Corporation

Raloid Corporation is a precision component manufacturer headquartered in Reisterstown, Maryland. Since 1964, Raloid has been machining components and subassemblies for aerospace, defense, and space platforms. Raloid is a sought-after supplier for government, aerospace, and defense companies who rely on timely delivery and precision parts. Raloid meets all International Organization for Standardization (ISO) and International Traffic in Arms Regulations (ITAR) requirements. Raloid was recognized by Aerospace & Defense Review as a Top Defense Manufacturing Solutions Provider in 2021. Learn more online at http://www.raloid.com

About Primus Aerospace

Founded in 1998, Primus Aerospace produces complex machined components and integrated assemblies for the aerospace national defense and space sectors. Primus works directly with OEMs and Tier 1 aerospace, defense, and space companies to develop and implement manufacturing solutions for machined metal parts, with a special emphasis on complexity. Advanced manufacturing capabilities include wire EDM, 5-axis complex machining, electrical discharge machining, heat treatments, helium leak checking, and waterjet cutting for traditional and exotic materials used in hypersonic and space programs. Learn more online at https://primusaero.com/

About Angeles Equity Partners, LLC

Angeles Equity Partners, LLC is a specialist lower middle-market private equity investment firm with a consistent approach to transforming underperforming industrial businesses. The Angeles skill set drives the firm's investment philosophy and, in its view, can help businesses reach their full potential. Learn more online at www.angelesequity.com.

If you would like more information, please email [email protected]. This is not an offer or solicitation to sell securities.