WASHINGTON--(BUSINESS WIRE)--MB Aerospace Holdings Limited (“MB Aerospace”), a portfolio company of Arlington Capital Partners and LDC, announced the acquisition of Delta Industries, Inc. (“Delta”), a leading aero-engine component manufacturing business. Based in Hartford, Connecticut, Delta is a leading provider of highly engineered components for the commercial and military aero-engine and industrial gas turbine markets. Delta will expand the MB Aerospace business to revenues of more than $160 million and to 550 employees. Delta’s customer base includes blue-chip aerospace, defense and industrial OEMs (Original Equipment Manufacturers).
Craig Gallagher, Chief Executive Officer of MB Aerospace states, “With its wide range of capabilities, long-standing customer relationships and its strong management team, the Delta business has been a long-term target for MB Aerospace. We are delighted to have succeeded in securing such a highly prized company and the Delta acquisition represents an important step towards a progressive widening of MB Aerospace’s capability footprint to address the critical service needs of our engine OEM customers.”
“We are delighted to join MB Aerospace – in them we see a business that is actively looking to grow in the aero-engine components market where the Company has a key supply chain presence coupled with a strong range of customer relationships. We believe that these capabilities combined with the track record of our people here in Hartford can propel Delta Industries on to even greater achievements and we are all looking forward to being a part of that journey,” said Bill Evans II, President of Delta.
Peter Manos, a Managing Partner at Arlington Capital Partners commented, “Arlington, together with LDC, is pleased to back MB Aerospace’s transformative Delta acquisition. MB Aerospace is in position to immediately leverage Delta’s significant technical capabilities and deep product engineering resources to provide the combined company’s commercial and U.S. defense OEM customer base with an expanded range of capabilities, capacity and engineering bandwidth.” Jesse Liu, a Principal at Arlington Capital Partners added, “The Delta acquisition represents a continuation of MB Aerospace’s consolidation strategy in the aero and industrial engine components market and MB Aerospace will continue to actively pursue additional acquisition opportunities.”
About MB Aerospace
MB Aerospace is an international aerospace engineering group providing complex engineering solutions to some of the key names in the aerospace and defense market. The group provides an in-depth knowledge of critical manufacturing technologies and the global supply chain management to support complex aero-engine component manufacture and repair. MB Aerospace supports major corporations to address the root causes of under-performance in their extended and fragmented supply chains and helps safe-guard the continuity of supply in challenging circumstances. Since the management buyout in 2007 led by Craig Gallagher, the Company has secured strategic remits with a number of key aerospace and defense companies, completed the divestment of the group’s non-core operations and positioned the group to serve all key aero-engine OEM’s through strategic acquisitions in North America.
About Arlington Capital Partners
Arlington Capital Partners is a Washington, D.C.-based private equity firm with $1.5 billion of committed capital focused on middle market investment opportunities in growth industries including: aerospace/defense, government services and software, healthcare services, business services, education and training. The firm’s professionals and network have a unique combination of operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field.