in Aerospace / Defence

Liberty Hall Capital Partners acquires Accrofab

Posted 25 June 2019 · Add Comment

Liberty Hall Capital Partners, a private equity firm investing exclusively in businesses serving the aerospace and defence industry, announced today the acquisition of Accrofab Ltd, a supplier of complex fabricated and machined engine bracketry for the global aerospace industry, by Bromford Industries, provider of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries.



The terms of the transaction have not been disclosed.
 
Bromford was acquired in March 2016 by Liberty Hall to serve as the foundational asset for the firm’s strategy to build a diversified engine component supplier through organic investments and strategic acquisitions. Accrofab represents Bromford’s second acquisition following the strategic acquisition of AeroCision LLC in March 2018.
 
“The addition of Accrofab brings new and complementary aerospace fabrication capabilities to Bromford and advances our strategic position with key customers on target engine platforms," said Rowan Taylor, Liberty Hall's founding and Managing Partner.  “This acquisition is another key step in executing our strategic vision for Bromford.”
 
“Accrofab is a trusted partner in the introduction of hundreds of complex, new parts each year and has proven capabilities and expertise when it comes to providing a comprehensive fabrication solution,” said Jack Nadal, Partner, Liberty Hall.  “We are excited to leverage Bromford’s existing capabilities, customer relationships, geographic reach and world class leadership team to realize new opportunities for Accrofab.”
 
Founded in 1977, Accrofab is a leading supplier of complex fabricated and machined engine bracketry for the global aerospace industry.  The company supplies several leading aerospace engine platforms, including the Trent 1000 TEN, Trent XWB, Trent 7000 and BR7000NG, and its top customers include Rolls Royce and PattonAir.  Accrofab operates a single facility located in Derby, United Kingdom.
 
Bromford’s CEO, Gary Lowe, commented: “Accrofab shares our vision and commitment to unparalleled quality and customer service and we are pleased to integrate Accrofab into Bromford, providing our global customers with enhanced capabilities for new product introduction and strengthening our existing strategic relationships.”
 
Financing for the acquisition was provided by Citizens Bank, CIT Bank and Beechbrook Capital.  Legal advice to Bromford and Liberty Hall was provided by Gibson Dunn & Crutcher.
 
Accrofab’s selling shareholders were advised by ProVantage Corporate Finance.  Legal advice was provided by Flint Bishop and Geldards.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Managing complexity in the aerospace industry

Graham McCall, VP Operations UK, Aras, looks at why aerospace manufacturers have to fully embrace digital transformation to address greater product complexity, as well as compliance, risk and resilience issues.

BAE Systems tandem dry-docks USS Decatur & USS Stethem

BAE Systems' San Diego Ship Repair team will tandem drydock two Navy destroyers, the USS Decatur & USS Stethem.

Validair to provide Oxbox environmental monitoring

Validair Monitoring Solutions Ltd (VMSL) has been appointed to provide environmental monitoring systems for the new ‘OxBox’ facility at Oxford Biomedica.

RBR active showcases life-saving device at Aviation Health Conference 2019

RBR active will exhibit its life-saving RBR leglow device at the Aviation Health Conference, 24-26 September, profiling the value of the technology to Chief Medical Officers from key international airlines.

Wanted: Gamers to keep us all safe online

QinetiQ and the British Esports Association are teaming up to raise awareness of the common skills between cyber security professionals and esports players during a special event at the Science Museum in London on Wednesday 25th

Inmarsat’s GX Aviation in service on AirAsia

Inmarsat today announced that its award-winning GX Aviation inflight broadband solution has entered commercial service with low-cost airline AirAsia.

ODU 0201311219
See us at
DSEI JP BT1605201119SMI GMS BT1906071119VIDSE BT1605060320SMI FAV BT1006141119ADSS1000DBT1706171019SMI ActiveP BT1206121119FIL20BT010819260720