Dunn is a portfolio company of Connecticut-based Gridiron Capital, a private equity firm. Gridiron bought Dunn in August when the Nex-Tech deal was already in the works.
“We thought it would be a great fit,” Gridiron managing director Geoffrey Spillane says of following through with the Nex-Tech acquisition.
He says Dunn and Nex-Tech, formerly Thayer Aerospace, are similar businesses.
“They also do precision machine components and assemblies and kits for the aerospace industry,” Spillane says. “We intend, frankly, to grow both businesses.”
He says there won’t be changes at Nex-Tech, which is at 4201 S. 119th St. West, and there are no plans to move the company from Wichita.