Washington, DC, October 2009
Thayer | Hidden Creek announced its investment to support management in the recapitalization of Herndon Products, Inc. Headquartered in St. Louis, Missouri, Herndon specializes in providing value added supply chain management solutions and third party logistics for consumable hardware utilized in military applications including fixed and rotary wing aircraft, wheeled and tracked vehicles, and sea vessels. The Company’s business focus is on the management of the physical flow of consumable production components for repair and fabrication of military platforms from their point of origin to their point of use. As a value-added distributor of consumable parts, the Company provides a suite of services to maintenance, repair and overhaul (“MRO”) depots. Given the Company’s primary end markets, Herndon’s products and service offering must adhere to strict military specifications and regulations, are difficult to source, and typically have long lead times. The breadth of services offered combined with the unique distribution capabilities required to service this market, serve to limit competition from larger, mainstream distribution organizations.
Herndon’s management team brings an average of over 25 years experience in aviation, parts distribution, supply chain management, and logistics. The Thayer | Hidden Creek team will partner with Herndon’s management to capitalize on numerous growth opportunities in the business.