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AE Industrial Partners buys Moeller Aerospace

AE Industrial Partners LLC said July 12 that it acquired Moeller Mfg. Company LLC (“Moeller Aerospace”). Financial terms weren’t announced. Wixom, Michigan-based Moeller specializes in the precision machining of complex hot- and cold-section turbine hardware across all major aerospace engine programs. Kirkland & Ellis LLP served as legal advisor and PricewaterhouseCoopers LLP as financial advisor to AE Industrial Partners. Honigman Miller Schwartz and Cohn LLP served as legal advisor and P&M Corporate Finance LLC served as financial advisor to Moeller Aerospace.

PRESS RELEASE

Boca Raton, FL – July 12, 2016 – AE Industrial Partners, LLC (“AEI”), a private investor in aerospace, power generation and specialty industrial companies, announced that it has acquired Moeller Mfg. Company, LLC (“Moeller Aerospace”). Terms of the transaction, which closed today, were not disclosed.

Founded in 1953, and based in Wixom, MI, Moeller Aerospace specializes in the precision machining of complex hot- and cold-section turbine hardware across all major aerospace engine programs, with high proficiency in the machining of titanium-aluminide, low-pressure turbine blades and the manufacture oftheir proprietary Click-LocTM and FlexThreadTM products. With more than 500 employees, three manufacturing facilities and more than 60 years of industry experience, Moeller Aerospace is strategically positioned at the forefront of the supply chain to deliver the future growth of the aviation and power generation turbine engine industries.

“AEI has an extensive, successful track record in our key target markets of aerospace, power generation and specialty manufacturing,” said Kevin Atkinson, President of Moeller Aerospace. “There’s no doubt that with the infusion of AEI’s expertise, connections and capital, our company will have significant new business potential to develop and realize.”

“Moeller Aerospace is virtually unique in its products, technology, and reputation,” said Michael Greene, Managing Partner of AEI. “The company is a proven innovator in developing new products and processes that support the development and production of turbine engines for their key OEM customers, and has the potential to expand this expertise across its target markets.”

Kirkland & Ellis LLP served as legal advisor and PricewaterhouseCoopers LLP as financial advisor to AE Industrial Partners. Honigman Miller Schwartz and Cohn LLP served as legal advisor and P&M Corporate Finance, LLC served as financial advisor to Moeller Aerospace.

 

Moeller Aerospace represents the fourth platform acquisition for AE Industrial Partners Fund I. In the last year, AEI’s three other platform acquisitions include: Belcan, LLC, a global supplier of engineering project management and technical staffing solutions; Kellstrom Materials, which provides parts support and supply chain management for leading airlines and air transport operators worldwide; and AC&A LLC, whichprovides high quality composite parts and tooling to the aerospace and defense, space, and specialty automotive markets.

 

About Moeller Aerospace

Moeller Aerospace, based in Wixom, MI, specializes in manufacturing machined parts for the gas turbine aircraft engine and power generation industries. Moeller Aerospace manufactures precision-machined parts – ranging from small items such as bladelocks to complex brackets, blades, vanes, housings and manifolds. At the core of Moeller Aerospace’s expertise is the manufacturing of hot- and cold-section turbine airfoils, using a wide range of alloys including Inconel/nickel alloys and titanium, with a business unit specializing in machining titanium-aluminide, low-pressure turbine blades.  Moeller Aerospace is also a recognized industry leader for their proprietary Click-LocTM and FlexThreadTM products, including self-locking fluid fittings, fasteners and borescope plugs.  For more information, please visit www.moeller-aerospace.com.

 

About AE Industrial Partners, LLC

AE Industrial Partners, LLC is a leading private investment firm in the aerospace, power generation and specialty industrial sectors, focusing on highly technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses.  AE Industrial’s team includes partners with C-suite operating experience in organizations such as GE, Gulfstream Aerospace, Power Systems Manufacturing, Hawker Beechcraft, Landmark Aviation, Bombardier, IDEX, Aviall, B/E Aerospace, NetJets, and Grand Prairie. For more information, please visitwww.aeroequity.com.