Pursuit Aerospace Acquires Aeromet International, a Leading Aerospace Castings Business, to Expand Capabilities

MANCHESTER, Conn.--(BUSINESS WIRE)--Pursuit Aerospace (“Pursuit”), a global manufacturer of complex aircraft engine components, today announced the strategic acquisition of Aeromet International (“Aeromet”), a leading supplier of aluminum and magnesium castings to the global Aerospace & Defense industries, from Privet Capital (“Privet”).

This acquisition expands Pursuit’s existing casting capability suite by adding light alloy investment and sand-casting alongside Pursuit’s existing super alloy investment casting offerings. Aeromet further enhances Pursuit’s ability to deliver a broad range of components to Aerospace & Defense customers, including castings, closed die and rolled ring forgings, machined components and fabricated assemblies for aeroengine and other Aerospace & Defense applications. Aeromet is widely recognized for its process and engineering expertise, which enables the company to develop tailored solutions to customer needs.

“This acquisition reflects our ongoing commitment to investing in casting and forging capabilities that allow us to bring great value to our customers,” said Doug Folsom, Chief Executive Officer of Pursuit. “Aeromet’s deep technical expertise in complex, light alloy casting design and manufacturing is a valuable addition to our robust existing capability set.”

Howard Kimberley, CEO of Aeromet, stated: “Joining forces with Pursuit Aerospace opens new opportunities for our customers, our employees and our products. Their scale, resources and commitment to manufacturing excellence align well with our growth objectives. We look forward to working with the Pursuit team.”

“We are proud of the progress and achievements Aeromet has made under our ownership,” said Steve Keating, Founder and Managing Partner of Privet Capital. “Through targeted investments and a focus on operational excellence, the company has grown into a top-tier aerospace castings supplier. We believe Pursuit Aerospace is the ideal strategic home for Aeromet to continue its growth and success.”

About Pursuit

Pursuit Aerospace (www.pursuitaero.com) is a leading global manufacturer of complex aircraft engine components. Formed by the 2023 merger of Whitcraft Group and Paradigm Precision, Pursuit is a scaled and diversified manufacturer of tight tolerance components used in commercial and military aircraft engines. The company delivers components and MRO services through highly integrated processes and lean production systems.

About Aeromet

Aeromet is a leading supplier of light-weight, complex-geometry, cast aluminum and magnesium components for aerospace & defense markets. With a 40+ year heritage of innovation and manufacturing excellence, Aeromet acts as a valued partner to its OEM and Tier 1 customer base. In addition to its core thin wall and sand casting capabilities, Aeromet’s fully-integrated, total service solution offers advanced part design and engineering capabilities as well as a full suite of inspection, testing, machining and finishing services.