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Omni-Lite Industries Canada, Inc (“Omni-Lite) is a diversified, high-technology company that develops and manufactures mission-critical, precision components that are utilized by Fortune 500 companies, including Boeing, Airbus, Raytheon Technologies, Lockheed Martin, Howmet, Ford, Borg Warner, the U.S. Military and Nike.
Designed Precision Casting Inc (“DP Cast”) manufactures large, complex structural investment castings, and serves trusted, long-tenured customers, including Pratt & Whitney Canada, L3Harris Technologies, and J/E Bearings. DP Cast is accredited under ISO 9001:2015 and AS 9100D by the Bureau Veritas for the manufacture of custom, ferrous, non-ferrous and light-alloy investment castings for aerospace, nuclear, and industrial applications.
In December 2021, DP Cast was acquired by Omni-Lite. The acquisition will diversify Omni-Lite’s aerospace and industrial portfolio, create a platform with enhanced scale and scope, and further a competitive moat that will lead to producing highly engineered, high-performance components, ranging from fasteners to large, complex, hardware and structural investment castings for the aerospace, defense, industrial and energy markets. The two companies will be able to leverage their combined management expertise, current customer relationships, market knowledge, R&D, and broader manufacturing processes to strengthen their shipset content and presence across a diverse range of markets.
Cypress Associates LLC acted as exclusive financial advisor to Omni-Lite in its acquisition of DP Cast.