The private equity firm Liberty Hall Capital Partners on Wednesday said it acquired engineered composites manufacturer Quatro Composites LLC and plans to integrate the company into its AIM Aerospace Corporation portfolio company, which it acquired last year.

Terms of the deal were not disclosed.

Quatro Composites' capabilities include autoclave curing. Photo: Quatro Composites
Quatro Composites’ capabilities include autoclave curing. Photo: Quatro Composites

Liberty Hall Capital is focused on investments in the global aerospace and defense industry. Iowa-based Quatro supplies advanced composites for commercial and military aircraft, unmanned aircraft systems and for medical, robotic, security and wind energy industries.

AIM Aerospace supplies composite ducting and substructural and interior parts for the commercial aerospace industry. Liberty Hall said that AIM was acquired as the foundational asset of its strategy to build a fully-integrated diversified composites supplier through organic investments and acquisitions.

“Composites represent one of the fastest growing and evolving segments within the aerospace industry and we have been seeking to identify and acquire businesses that serve emerging segments of the composites landscape,” Rowan Taylor, Liberty Hall’s founding partner, said in a statement. He added that Quatro provides additional customers and platforms and new capabilities in structural composites and thermoplastics.

Quatro’s largest customers include Boeing [BA], General Dynamics’ [GD] Gulfstream business jet division, the Insitu unit of Boeing, and United Technologies [UTX].

AIM funded the deal using existing credit facilities.