BGF has agreed to sell its investment in Walker Precision Engineering to Karman Space & Defense. Walker Precision Engineering is a key provider of mission-critical components for the advanced technology aerospace and defense sectors.

BGF first made a minority investment in Walker in 2017. During BGF's ownership period, Walker Precision Engineering has experienced significant growth, more than doubling its annual revenues. This sale is expected to yield a strong return on BGF's initial investment.

Karman Space & Defense, the acquiring entity, is listed on the New York Stock Exchange. The transaction marks a significant move for both companies within the aerospace and defense industry, with Karman expanding its capabilities and BGF realizing a successful exit from its portfolio company. Further details regarding the financial terms of the deal were not immediately disclosed, but the growth trajectory of Walker under BGF's stewardship suggests a favorable outcome for the investor.