Homemiddle market companiesDR Technologies Receives $4.5M Follow-on Investment from Nogales Investors

DR Technologies Receives $4.5M Follow-on Investment from Nogales Investors

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DR Technologies, a San Diego, CA-based company which designs and manufactures complex composite structures for use in commercial, military and scientific satellites and innovative space systems, has received a $4.5m follow-on investment from Los Angeles-based private equity firm Nogales Investors.
This additional capital will be used to support the company’s growth in its core market.
Since February 2009, when Nogales Investors acquired a controlling interest in DRT, the company has experienced a strong growth positioning itself as a leading independent supplier of composite structures to the space industry, a press release reported.
DRT, which conducts its business through its subsidiary Vanguard Composites, serves leading clients such as Lockheed Martin Space Systems, Boeing Co., Orbital Sciences and MacDonald Dettwiler & Associates.
FinSMEs
09/06/2010