Imaginetics

Status:
Current Investment

In December 2012, KCO, in collaboration with an institutional investor, acquired Imaginetics. The founders and owners of the business made a substantial ongoing investment.

Thesis

The commercial aerospace supply chain is currently responding to unprecedented demand from OEMs that are in the process of scaling their production facilities to meet record-level backlogs. As OEMs continue to outsource more of their production, they will rely more heavily upon well-regarded suppliers with a historical track record of success and a demonstrated ability to grow to meet their increasing needs.

Company

Founded in 1989, Imaginetics is a manufacturer of precision metal components and assemblies for the aerospace industry.

KCO Value Add

  • Recruited Chairman of the Board of Directors with deep domain expertise and strong industry relationships.
  • Filled newly created positions of CFO and VP of Sales & Marketing.
  • Created detailed 100-Day Plan to guide executional priorities.
  • Driving formal sales and marketing strategy to expand existing customer relationships and to develop new business opportunities.
  • Implemented formal strategic planning and budgeting process.
  • Applied enhanced financial reporting and controls, including flash reports, operational dashboard and audited financial statements.
  • Structured the acquisition financing to provide for substantial ongoing liquidity for growth (more than $5 million at close).
  • Upgraded current facility to showcase breadth of capabilities for existing and new customers.