Industrial Growth Partners has acquired Irvine, California-based FMH Aerospace Corp, a producer of highly-engineered components and assemblies for the commercial aerospace, defense, space and industrial sectors. No financial terms were disclosed for the transaction that was done with FMH management and some unnamed investors.
San Francisco, CA – Industrial Growth Partners, in partnership with management and certain outside investors, has acquired FMH Aerospace Corp. (“FMH” or the “Company”).
Headquartered in Irvine, California, FMH is a leading manufacturer of complex, highly-engineered components and assemblies for the commercial aerospace, defense, space and industrial markets. FMH’s products include a broad range of metal bellows, bellow joints, metal ducting and metal hoses, among other products, that are complex, tight tolerance and typically flight-critical. The Company’s products are used to facilitate the transfer of fluids and gases at extreme temperatures and pressures and demanding environments (e.g., in the hot section of an engine or at cryogenic temperatures in rocket engine applications).
“IGP’s familiarity with the aerospace and defense markets through its current and prior investments and the firm’s successful track record of partnering with entrepreneur-owned businesses make IGP a perfect equity partner for us,” commented C. Wayne Fullen, General Manager of FMH. “The FMH team is excited about the opportunity to leverage IGP’s experience and resources to help us through the next phase of our journey. We think they will be a great partner and steward of the business going forward.”
Acquisition Details – On May 1, 2015, Industrial Growth Partners IV, L.P., in partnership with management and certain outside investors, acquired 100% of the Company, marking the eighth platform investment for IGP’s Fund IV. The transaction creates a platform for FMH to accelerate growth in its core commercial aerospace, defense, space and industrial markets, and pursue selective acquisition opportunities. The acquisition is an ideal fit with IGP’s strategy of investing in niche industrial companies that manufacture highly-engineered, complex products.
Industrial Growth Partners, founded in 1997, is a San Francisco-based private equity investment firm with $1.4 billion of equity capital raised since inception. The firm invests exclusively in middle-market companies in the industrial sector in partnership with management teams.
For more information, please contact Dave DiFranco by phone at 415.882.4550 x311 or email.
For more information, please go to IGPequity.com