Opus Bank is pleased to announce it provided:

Title: Integrated Aerospace Manufacturing
Amount: $11,000,000
Month: December
Year: 2014

Integrated Aerospace Manufacturing

Opus Bank’s Corporate Finance division provides $11,000,000 in debt financing to Integrated Aerospace Manufacturing, LLC

Overview of Transaction

  • Opus Bank provided $11,000,000 for IAM’s acquisitions of Quality Manufacturing Inc., a company with expertise in close tolerance turning; Polaris Machining, a company with extensive milling capability; and Vector Industries, a company which added significant capabilities in sheet metal fabrication.
  • All three companies are located in Snohomish County, Washington, near Boeing's Everett, Washington facility.

Significance of Transaction

  • The combination of Vector, Polaris, and Quality Manufacturing Inc. provides IAM with expertise across a broad range of manufacturing processes, giving the company the ability to expand product capabilities.
  • IAM’s centers of excellence will match customers' needs with the best capabilities, while reducing lead times and outside services.

Opus Bank's Role

  • Opus Bank provided acquisition financing for all three transactions and a line of credit for working capital purposes.
  • Opus Bank continues to work closely with IAM as the company looks at additional acquisitions and consults with the board of directors on both strategy and structure.

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