Norco Manufacturing

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Norco Manufacturing - overview

Location

-, WI, US

Primary Industry

Aerospace

About

Norco Manufacturing specializes in the design and production of robust door systems, particularly hangar doors, serving military, aviation, and industrial sectors with tailored solutions that meet specific operational requirements. Norco Manufacturing is engaged in the design and production of high-quality door systems. The company was acquired by GCM North American Aerospace, LLC, a portfolio company of Churchill Equity, in August 2005. Headquarters are located in the US.


Norco Manufacturing specializes in the design and production of high-quality door systems, particularly hangar doors for various applications such as military operations, aviation maintenance, and industrial facilities. Their core offerings include the Bi-parting Northern and Southern door systems, which are engineered to provide efficient access while addressing specific climate and space requirements. The Bi-parting Southern system is particularly suited for regions where snow and ice are not concerns, providing cost and space advantages. In contrast, the Bi-parting Northern system is built to withstand severe weather, ensuring reliability in challenging conditions.


Additionally, Norco offers the Floating Door System, which maximizes usable space by eliminating floor space loss to door pockets, as well as the unique 90º Door System, enabling individual storage of door panels along interior sidewalls. Norco's client base spans globally, serving a diverse range of end users including military organizations, aviation service companies, and industrial facilities across North America, Europe, and select regions in Asia and the Middle East. Norco Manufacturing's revenue is generated primarily through the sale and installation of their specialized door systems, which are offered to a variety of sectors on a direct B2B basis. The transaction structure typically involves custom orders where clients engage Norco for tailored solutions that meet specific operational needs.


This includes both new installations and retrofitting existing buildings, allowing for flexible pricing agreements based on project scope and complexity. The company’s flagship products, such as the Bi-parting Northern and Floating Door Systems, are integral to their revenue, reflecting their commitment to high-quality, reliable solutions. Given the nature of the aerospace and industrial markets they serve, transactions often involve comprehensive service agreements that may include ongoing maintenance and support, further enhancing customer relationships and long-term revenue streams. Norco Manufacturing plans to continue innovating within its product lines and may introduce new designs aimed at enhancing efficiency and functionality in the door systems market.


They are exploring opportunities for geographic expansion, particularly targeting markets in Europe and Asia by 2025. Recent funding, secured during the acquisition in August 2005, will be utilized to further develop their product offerings and enhance operational capabilities.


Current Investors

GCM North American Aerospace, LLC, TransDigm Group, Inc.

Primary Industry

Aerospace

Sub Industries

Aerospace

Website

www.norcomfg.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Norco Manufacturing - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedNorco Manufacturing-
Add-onCompletedNorco Manufacturing-

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