Valence Surface Technologies has acquired C.I.L. Metal Finishing and C.I.L. Electroplating, based in Lawrence, Massachusetts.
Valence has 12 locations and over 5,000 unique industry approvals, and processes more than one million parts per month.
CIL provides surface treatment to leading U.S. customers and platforms under key approvals, including Raytheon, Lockheed Martin, L3Harris, Boeing, Pratt & Whitney, and their vast group of approved suppliers.
David CamilleriFounded and operated by Jim Coskren since 1986, Valence says that CIL has built a strong reputation for delivering complex, high-quality metal finishing services. Their capabilities include plating on wire mesh for EMI and RFI shielding, plating on magnesium, large equipment blasting and refurbishment, anodizing, chem-film, hard metal and precious metal plating, and high-performance painting services, which Valence says are all for mission-critical defense, space, and commercial aerospace applications.
CIL employs approximately 160 people and operates two facilities in Lawrence, Massachusetts, totalling approximately 150,000 square feet, with capacity for future expansion.
David Camilleri, Chairman of Valence, says the acquisition of CIL marks another milestone in Valence’s strategy to enhance the aerospace and defense supply chain through an integrated, full-service platform offering product finishing solutions with industry-leading quality and turn times.
“We are thrilled to welcome CIL’s team and capabilities to our platform,” Camilleri says. “We have long admired Jim and the business he’s built, and we believe CIL’s long-standing relationships and proximity to key aerospace customers will significantly improve Valence’s service offering in the Northeast region and beyond, while strengthening our ability to offer a complete range of engineered surface treatment solutions to our customers. We closed this acquisition alongside a refinancing, which provides us with additional dry powder for further acquisitions.”
Jim CoskrenCIL’s existing management team and workforce will remain with the organization as part of the transaction. Coskren will remain on as Vice President and continue to serve as a driver of growth for the business. CIL operations management — including Mike Venable, Dennis Reidy, Alec Jillson, and Rob Couyoumjian — will remain actively involved in the business through this next chapter of growth.
“Valence is the ideal long-term partner to support CIL’s continued progress and innovation.”
Coskren says. “Their commitment to operational excellence and customer satisfaction aligns with everything we’ve built at CIL, and we’re excited to help drive continued momentum as part of the Valence team.”
Valence is majority-owned by ATL Partners and British Columbia Investment Management Corporation, which invested in Valence in June 2019 to accelerate Valence’s strategic initiatives and support its continued expansion. CIL represents the 11th add-on acquisition for Valence since its inception, and Valence will continue to pursue attractive M&A opportunities in both North America and Europe.
Valence says it is the world’s largest independent provider of aerospace product finishing services. In addition to being Nadcap accredited, all Valence sites provide specialized metal processing and finishing services to a diversified set of fast-growing commercial aerospace, defense, and space/satellite markets. Valence partners with its customers to deliver best-in-class quality, turn times, and full-service supply chain solutions.
