Log in to use our free company, program and sector update tracker feature.
 

Front page

Aerostar Aerospace completes strategic acquisition of Warmelin Precision Products

Aerostar Aerospace, a leading manufacturer of high-complexity, close-tolerance machined components used in critical aircraft systems, announced today that it has acquired Warmelin Precision Products. Aerostar, headquartered in Phoenix, AZ, is a portfolio company of Nautic Partners VII, L.P. and Nautic Partners VII-A, L.P., which partnered with management to acquire Aerostar in October 2015.

Headquartered in Hawthorne, CA, and founded in 1968, Warmelin is an advanced manufacturer of highly complex precision components for the global aerospace industry. Warmelin specializes in producing geometrically demanding parts using state-of-the-art, high-speed, five-axis machining techniques, allowing for rapid fabrication of critical components at a competitive cost. Specific areas of focus include hydraulic, actuation, and structural components.

Warmelin represents Aerostar's first add-on acquisition as a part of the company's strategy of identifying and integrating high-performing suppliers in the fragmented aerospace machined component industry. Together, the two businesses operate a combined facility footprint of over 100,000 square feet, have geographic diversity, and serve an array of blue-chip aerospace customers. Warmelin will provide the Aerostar platform with a strong presence in the Southern California region where the company hopes to continue its acquisition strategy.

Joe Muklevicz, CEO of Aerostar, said, “We are extremely happy to welcome Warmelin into the Aerostar family, and look forward to helping to support their growth alongside ours in the years to come. We believe that Warmelin's adjacent capabilities will make the combined business a much stronger partner to our customers. We look forward to continuing the growth of our platform organically and through further acquisitions.”

Doug Horton, President of Warmelin, said, “A special thank you to our excellent Warmelin team for enabling our continued success. Warmelin is very excited to be working with both Aerostar and Nautic Partners as we continue to build the enterprise into the future.”

CriticalPoint Partners, LLC acted as Warmelin's financial advisor. Twin Brook Capital provided financing for the transaction.

Press release issued by Aerostar Aerospace Manufacturing, LLC on June 1, 2016

 

 Contact details from our directory:
Aerostar Aerospace Manufacturing, LLC Precision Machined Parts, Metal & Alloy Castings, Metal & Alloy Forgings
Warmelin Precision Products

Enhanced listings:


EWI
The leading engineering technology organization in North America dedicated to developing, testing and implementing manufacturing technologies for industry.

FGL Precision Ltd
FGL Precision manufactures fine quality components for the aerospace and defence markets where consistent performance is critical.

Redcliffe Precision Ltd
Aerospace Multi Axis CNC Precision Manufacturers & Thread Rolling Specialists.

Beckwood Press
Your single source for aerospace forming equipment. Manufacturer of Triform Sheet hydroforming presses.

Fine Tubes
Manufacturer of precision tubes in high strength titanium, stainless steel and nickel alloys, seamless, welded or welded & redrawn

See our advertising tariff.

 

8
data pages remaining in monthly quota for non-subscribers

© Airframer Limited, operated under licence by Stansted News Limited 2018. Terms & Conditions of reading. Privacy policy