PCX manufactures complex dynamic and structural hard alloy components and assemblies for military and commercial aircraft. RFE acquired this division from publicly traded SPX (NYSE:SPXC) and transitioned it to a standalone entity. We partnered with a new CEO to lead the Company upon acquisition and recruited an experienced CFO to upgrade the Company’s financial function. Since the acquisition, RFE has helped PCX build a commercial sales team to diversify business and further penetrate their current customer base with new product initiatives. We have completed one strategic add-on acquisition and are actively considering others.
Date of Initial Investment: 4/10/14