AE Industrial Partners acquires FMI

AE Industrial Partners, LLC, a private equity investor specializing in aerospace, power generation, and specialty industrial businesses, today announced the acquisition of F.M.I., Inc., a leading manufacturer of large, complex aerospace structural components and subassemblies. Terms of the transaction, which

closed yesterday, were not disclosed.

Located in Park City, Kansas, FMI offers a full range of premium forming, machining, engineering, and complex assembly services to global aerospace customers. FMI provides critical components on many of the largest commercial aerospace platforms including the 737, 737 MAX, 777, and 787.

"There is no other private equity firm with the depth and breadth of AEI's aerospace experience, and we are excited to partner with their team of professionals," said Rick Nutt, Founder and CEO of FMI. "We are confident that our management team and our business will take a giant step forward, backed by the industry experience, strategic vision and financial resources of AEI."

"FMI is unique in the aerospace industry with vertically integrated and highly efficient operations, producing complex structural components on the platforms they serve," said Jon Nemo, Partner of AEI. "We believe the company has significant potential to grow with its current customers as well as expand to new customers throughout the growing aerospace industry. We look forward to partnering with Rick and his team in FMI's next chapter of growth."