AeroCision will be integrated into Bromford Industries (Bromford), a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries.
Bromford was acquired by Liberty Hall in 2016 as the foundational asset for the firm’s strategy to build a diversified engine component supplier to the global aerospace and power generation industries through organic investments and strategic acquisitions. Terms of the transaction were not disclosed.
"As the industry continues to see dramatic growth in the delivery of next generation, fuel efficient engines, we believe the acquisition of AeroCision is highly strategic to Bromford and fully supports our vision of building a fully-integrated, diversified engine component supplier," said Rowan Taylor, Liberty Hall's founding Partner. “AeroCision provides Bromford with additional machining capabilities, extends Bromford’s geographic presence into the US and India and increases Bromford’s content on our targeted next generation engine platforms. We look forward to creating further strategic value through this exciting acquisition.”
Bromford’s CEO, Gary Lowe, commented: “The acquisition of AeroCision not only reinforces Bromford’s existing strategic relationships, but also enhances our potential to develop and cement new strategic relationships, as we continue our aggressive growth trajectory. AeroCision was recently named “Supplier of the Year” by a prominent aero engine OEM, and we are pleased to offer enhanced capabilities and a wider geographic reach, coupled with our shared vision of unparalleled quality and customer service, to our global customers.”