St. Petersburg, FL – The Anderson Group (Anderson) formed OMI Specialty Products, an aerospace platform, that simultaneously took ownership of existing Anderson portfolio company, CTCOA, LLC d/b/a Olympic Aviation, and acquired MetalMart International, Inc. Bringing Olympic Aviation and MetalMart together under the OMI Specialty Products platform established an industry leading aerospace distribution platform which will be managed by Ali Dadvar, CEO of OMI Specialty Products, but which will combine the management teams of both businesses. MetalMart ownership will partner with Anderson and Olympic Aviation management as owners in the new entity.
The partnership between Olympic Aviation and MetalMart International is highly complementary. Olympic Aviation is a distributor and exporter specializing in the sale of government certified aircraft replacement parts and chemicals, ranging from standard to hard-to-find components. MetalMart specializes in the distribution of specialty metals including a wide range of unique and rare alloys. “This partnership marks a significant milestone in our growth journey to better serve our customers and stakeholders,” said Ali Dadvar CEO of OMI. “By joining forces with MetalMart, we are combining complementary strengths and capabilities to deliver superior customer value and achieve sustainable growth. Leveraging the resources and expertise of the two companies creates a stronger and more agile organization.”
“We are thrilled about the opportunities this partnership presents,” added the long-time owners of MetalMart, Bill Lippman, Andrew Lippman and Tamara Lippman-Bernstein, “By joining our talented teams, we will better navigate the evolving landscape of the aerospace and metal distribution markets and provide our customers with a more diverse suite of service offerings. An exciting aspect of this transaction for all involved is that all current equity holders of MetalMart and Olympic Aviation will remain as partners in OMI.”
As part of this partnership, CTCOA, LLC and MetalMart International, Inc. will continue to operate from their respective facilities in Cerritos, CA and Commerce, CA, for the time being. Each business will continue to be managed by the incumbent experienced and talented teams, as both companies are committed to ensuring a seamless experience for employees, customers, vendors, and other valued business partners. Anderson Partner Justin Flood said, “We are incredibly proud to support this partnership. The management teams are highly complementary and very well aligned in their desire to combine expertise and resources to further develop the business and pursue attractive, long-term growth opportunities.” Added Cory Gaffney, Managing Partner of The Anderson Group, “We are excited to bring these two businesses together, combining two incredibly skilled management teams to drive significant organic growth at OMI Specialty Products and complete future acquisitions of companies that supply products and services to aerospace, defense and other industries with specialty product needs.”
About The Anderson Group
Founded in 1985, The Anderson Group is an operationally oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between twenty and thirty years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit www.andersongroup.com.