2012

LOS ANGELES – December 7 , 2012 – Vance Street Capital LLC, a Los Angeles-based private equity firm, announced today that it has sold Micross Components, Inc., a global provider of specialty electronic components, to Insight Equity, a private equity firm. Terms of the transaction were not disclosed. Vance Street acquired a majority interest in […]

LBO EXIT: Vance Street Takes Off With 3x Return on Klune Industries Exit Mohammed Aly Sergie August 27, 2012 When Vance Street Capital acquired Klune Industries Inc., a maker of metal aero-structures, in 2010, the plan was to improve the company’s operations and shift its bias toward commercial aerospace from its traditional focus on the […]

LOS ANGELES – Aug. 7, 2012 – Vance Street Capital, LLC, a Los Angeles-based private equity firm, today announced that it has completed the sale of Klune Industries, a manufacturer of complex aluminum, nickel, titanium and steel aerostructures, to Precision Castparts Corp. (NYSE: PCP), a worldwide, diversified manufacturer of complex metal components and products. Terms […]

LOS ANGELES – July 1, 2012 – Vance Street Capital LLC (Vance Street) announced today that it has agreed to sell its portfolio company, Klune Industries, Inc. to Precision Castparts Corp. (NYSE:PCP) for an undisclosed amount. Vance Street acquired a majority interest in Klune in early 2010 and made a subsequent investment to support an […]

LOS ANGELES – April 10, 2012 – Vance Street Capital LLC (“Vance Street”) announced today that it has invested in Leading Edge Aviation Services, Inc. (“Leading Edge” or the “Company”). Leading Edge, headquartered in Costa Mesa, California, is recognized as the largest independent painter of commercial and military aircraft in the United States. The Company […]

Costa Mesa Aircraft Service Firm Gains on Mergers By JANE YU Saturday, March 24, 2012 Airline mergers have fueled recent growth at Costa Mesa-based Leading Edge Aviation Services Inc. The company paints airplanes that range in size from small private jets to those bearing logos of the largest airline companies in the world. Leading Edge […]