Aerospace & Defense private equity investor Acorn Growth Companies has announced the acquisition of DIMO Corp., a supplier primarily of military aircraft parts. Rick Nagel, Managing Partner of Acorn Growth Companies, has stated:
“DIMO’s global operating infrastructure and key relationships with foreign government aerospace and defense procurement organizations will be a tremendous strategic asset to the Acorn portfolio.”
Terms of the transaction were not disclosed publicly. Sohrab Naghshineh, DIMO’s founder, will continue to serve as its President and will also take on a role assisting other Acorn portfolio companies with international business development opportunities.
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