17/03/2016

Liberty Hall Acquires Bromford Industries

 

Liberty Hall Capital Partners, a US private equity firm today announced the acquisition of Bromford Industries Ltd from funds managed by Darwin Private Equity.

Formed in 2009 through the acquisition of Hamson Aerospace Machining, Midlands based Bromford is a leading supplier of complex, close tolerance engine components, fabrications and assemblies and landing gear components for the global aerospace and power generation industries.  Bromford operates facilities in Birmingham, Alcester and Leicester. The company's largest customers include GE, Messier-Buggatti-Dowty, Rolls Royce, Siemens and Snecma.

Bromford will serve as the foundational asset for Liberty Hall's strategy to build a diversified engine component supplier to the global aerospace and power generation industries through organic investments and strategic acquisitions.

"As the commercial aerospace industry continues to enjoy long term secular growth, one of the highest growing segments of the industry is demand for next generation fuel efficient engines," said Rowan Taylor, Liberty Hall's founding Partner. "Bromford is a leading supplier to this segment with an impressive roster of customers, differentiated capabilities and a proven history of customer service.  Bromford represents an ideal platform from which to build a fully integrated, diversified engine component supplier.  We look forward to Bromford creating significant strategic value by adding complementary capabilities, diversifying across customers and expanding content on the highest value platforms through organic investments and strategic acquisitions."

Bromford's existing management team, led by Gary Lowe, CEO, will remain in their roles folowing the acquisition. 

Financial terms of the transaction were not disclosed.

 

 

 
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