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Westbourne Capital Partners, in partnership with several investors has made an investment in Delta

LIVONIA, Mich. – Delta Precision Components, Inc. announced today that Westbourne Capital Partners, SRS International Holdings, Stephens Capital Partners, along with Lakeview Capital and First Haven Capital have completed a strategic investment in Delta to support the Company’s continued growth in the Aerospace & Defense and Alternative Powertrain end-markets.


Delta was founded in 1952 by Alex Sakuta as a prototype transmission and powertrain developer for the automotive industry. Through decades of engineering and design leadership, and with a reputation for manufacturing quality, Delta is positioned as a leader in prototype design and manufacturing of high-precision gear solutions for a wide-variety of mission-critical applications in the most demanding end-markets. The Company works closely with industry leading OEMs such as Bell Helicopter, General Electric, Honeywell, and Rolls-Royce in the Aerospace & Defense end-market as well as Allison, Ford, General Motors, and Volvo in the Alternative Powertrain end-market to design, engineer and manufacture unique precision gear solutions. Headquartered in Livonia, Michigan, Delta employs over 190 team members across three facilities.


With the support of growth-oriented partners with long-term perspectives, Delta will focus on expanding its relationships with existing customers through continued partnership as well as building new relationships in its existing end-markets. “We are excited to partner with Bob Sakuta and the entire Delta team to continue growing the business for the benefit of our current and future customers, employees, and key stakeholders. We are particularly enthused about partnering with such an experienced and knowledgeable team to support the world’s leading OEMs in designing the next generation of gear solutions. This is a continuation of our focus on being active partners in outstanding family-owned businesses, who are seeking capital and knowledge to support growth” said Rob Crisp, Managing Partner of Westbourne Capital Partners.


The current leadership team will remain with the business but will be bolstered by the addition of John Jerge and Steve Zerio, as President and CFO respectively. Both John and Steve have an extensive track record of leadership and facilitating long-term sustainable growth. “We are extremely excited about this new partnership and are eager to take the next step in growing the Company through greater utilization of our deep engineering and design know-how and strong industry relationships, as well as continuing to support our existing customer’s initiatives. Our partnership with the investor group provides us with the resources necessary to continue our ambition to be a leader in technical innovation and manufacturing quality”, said Bob Sakuta.


Foley & Lardner provided legal advice and services to Westbourne and the investor group in connection with the transaction and Plante Moran served as financial advisor.


Kerr Russell provided legal advice and services to Delta in connection with the transaction and UHY served as financial advisor.


About Westbourne Capital Partners

Westbourne Capital Partners is a private investment firm that partners with family offices to deploy capital into direct investments in private companies. A successful track record consulting with, and investing in, family-owned enterprises makes Westbourne Capital Partners particularly well-suited to invest in family and founder owned businesses in the manufacturing sector, particularly when ownership is concerned about the impact outside investors might have on the business and its stakeholders. Westbourne Capital Partners is focused on investing in businesses and building long-term shareholder value. For more information on Westbourne, please visit www.westbournecp.com.


About SRS International Holdings

SRS International Holdings is an operationally focused investment firm led by Yogen Rahangdale. Yogen is a highly accomplished investor and operator, focused primarily on lower middle market companies in the industrial manufacturing sector. Prior to SRS, Yogen spent 13 years at American Axle, a leading multi-billion-dollar automotive parts supplier, in a number of roles including President, Chief Operating Officer, Chief Technology Officer, and Vice Chairman. Prior to American Axle, Yogen held executive leadership roles at Chrysler Corporation and Volkswagen.


About Stephens Capital Partners

Stephens Capital Partners LLC is the private equity affiliate of Stephens Inc., a full-service, privately-owned investment banking firm based in Little Rock, Arkansas, with offices across the U.S. and in Europe. Founded in 1933, Stephens has decades of experience in corporate finance, financial planning, mergers and acquisitions, insurance services, research, and public finance. The firm has conducted private equity transactions for over 70 years and seeks to be a reliable long-term partner to management of growing companies. For more information on Stephens, please visit www.stephens.com.

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