PMCF Advises Airsupply Jeyco in its Sale to Tide Rock
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PMCF Investment Banking (“PMCF”) is pleased to announce it served as the exclusive investment banker to Airsupply Tools, Inc. (“Airsupply Jeyco” or the “Company”) in its sale to Tide Rock YieldCo (“Tide Rock”).
Headquartered in San Diego, CA, Airsupply Jeyco is a leading value-added tool distributor and manufacturer of proprietary custom tool kits for the aerospace & defense, government, and commercial sectors. The Company offers a unique combination of sourcing of specialized tools through its MRO product distribution division, Jeyco, which are then assembled into complete kits using a patented shadow background system or precision foam inserts through its Airsupply division. The Company’s fully customized kits comply with strict Department of Defense tool control manual guidelines and offer customers with enhanced productivity and optimized quality control to minimize foreign object damage.
Tide Rock is an investment holding company that acquires leading businesses with strong free cash flow dynamics and grows them to scale while distributing high quarterly yield to its investors. It owns a portfolio of economically resilient business-to-business companies in the middle market, specifically in the manufacturing, distribution, and services industries. The Company’s unique model consistently drives high-yield returns for its investors. It has offices in Solana Beach, CA and New York, NY.
PMCF served as the exclusive investment banker to Airsupply Jeyco, managing the entire transaction process. Sean Hutchens, President of Airsupply Jeyco, remarked, “I chose PMCF as our advisor based on strong peer recommendations and PMCF’s expertise in distribution and aerospace & defense. It was one of the best decisions I’ve ever made. Their work ethic closely mirrored my own and they were available to help us through every step of the process. Their finely tuned process guided us to the best possible fit with Tide Rock, setting the Company up for a growth level I could have never achieved on my own.”
Joe Wagner, Managing Director of PMCF, added, “We’ve had the privilege of knowing Airsupply Jeyco for many years, and it has been a pleasure to witness the Company’s transformation from an entrepreneur-founded business into a national leader in custom tool kitting and “smart” tool procurement and replenishment technology. This transaction serves as a springboard for Airsupply’s growth, and we are excited to see the Company’s continued success as it embarks on a new chapter with its partner, Tide Rock.”
The transaction closed in January 2025. Foster Swift Collins & Smith PC served as the legal advisor to the Company.
About PMCF
PMCF is a client-centric middle market investment bank providing merger and acquisition advisory services to private, public, and private equity-owned companies worldwide. We combine our expansive industry and transactional expertise with highly engaged senior-level bankers to create tailored solutions for all our clients. PMCF helps clients meet their sale, acquisition, financing, and strategic growth objectives through a broad range of services, including sale advisory, acquisition advisory, capital raising, transaction planning, and strategic advisory. We have dedicated professionals focused on key industry verticals including business & technology services, manufacturing, distribution, transportation & logistics, plastics & packaging, healthcare, and consumer & retail industries.
