Britain’s MB Aerospace on Monday said it has acquired Connecticut-based Delta Industries, a manufacturer of engine components for the aerospace and defense industries, expanding its capabilities in aero engines as a supplier to engine manufacturers.
Terms of the deal were not disclosed.
Combined with Delta, which had more than $60 million in sales last year, MB Aerospace will have more than $160 million in sales and 550 employees, up from 370. In the United States, MB Aerospace’s employee count is 400. MB Aerospace is a portfolio company of the private equity firm Arlington Capital Partners and LDC.
Craig Gallagher, CEO of MB Aerospace, said the acquisition adds key technical capabilities, particularly in the area of large diameter fabrications and robotic welding of complex high-value aero engines components. He also the deal is part of the consolidation of the aero-engine supply chain, with “tier one suppliers being required to operate across a range of capabilities to serve their customers.”
Jesse Liu, a principal at Arlington Capital, said the acquisition is a continuation of the MB Aerospace’s consolidation strategy in the aerospace and industrial engine components space and that further deals will be pursued.
MB Aerospace’s key customers now include United Technologies [UTX] Pratt & Whitney division, Britain’s Rolls-Royce, General Electric [GE], Boeing [BA], Britain’s GKN, Japan’s Mitsubishi Heavy Industries, and the U.S. Department of Defense.