PHILADELPHIA, November 13, 2019 – Graham Partners, a private investment firm targeting technology-driven advanced manufacturing companies, is pleased to announce that it has acquired Damping Technologies, Inc. (“DTI”). Headquartered near South Bend, Indiana, DTI is an advanced materials science company focused on engineered aerospace vibration and noise control applications primarily serving the aerospace, defense, and space end markets. DTI is benefiting from the conversion towards composite materials in aircraft manufacturing, which reduces weight for improved fuel efficiency, performance, and extended flight range, and also results in simplified manufacturing processes and lower maintenance costs. Increased use of composite materials in aircraft also results in increased noise and vibration in flight, and in turn heightens the demand for damping and vibration control solutions. Graham Partners believes an investment in this industry niche is a particularly attractive way to invest in the aerospace and defense end market because vibration control solutions are a mission critical component that enable long-term cost savings for the end customer.
DTI is favorably positioned due to its proprietary database of polymer material formulations, wide range of customized testing capabilities, extensive technical expertise, market-leading product offering, and engineering capabilities. Chris Lawler, Managing Principal at Graham Partners, states, “The combination of DTI’s niche leadership position and Graham’s experience in the aerospace industry makes DTI an ideal acquisition candidate for Graham. We are excited to partner with the strong team at DTI and utilize our expertise and network of industry experts to fuel the company’s growth.” Steven Graham, CEO of Graham Partners, adds, “DTI’s blue chip customer base, extensive technical capabilities, and unique product offerings, along with growing demand for damping technologies in the aerospace market, offer exciting opportunities for this investment.”
DTI is an advanced materials science company focused on engineered aerospace vibration and noise control applications primarily serving the aerospace, defense, and space end markets. Headquartered near South Bend, Indiana, DTI possesses unique expertise in structural dynamics, structure borne noise, the dynamic properties of polymer materials, and analytical design methodologies, which the company combines with automated and vertically integrated manufacturing capabilities to deliver highly engineered products and services to its customers.
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