US-based private equity firm Liberty Hall Capital Partners (Liberty Hall) has acquired J&M Machine (J&M) for an undisclosed amount.
Liberty Hall is focused exclusively on investments in businesses serving the aerospace and defence industry. Supplier of precision machined metallic parts and assemblies for the global aerospace industry J&M will be merged into the LaCroix Industries division of Accurus Aerospace, which was formed by Liberty Hall in 2013.
J&M will further diversify the Acarus’ customer mix and expand its geographic presence in the Pacific Northwest, the core aerospace supply region in the US.
Liberty Hall’s capital partners founder Rowan Taylor said: "The strategic acquisition of J&M provides Accurus with new high-precision machining capabilities inside our LaCroix division, expands our relationship with The Boeing Company, and substantively expands Accurus’s geographic presence in the Northwest.
"J&M has built a reputation for providing customers with complex machined parts while achieving impeccable quality and delivery standards.
"The addition of J&M marks the fourth acquisition for Accurus as we continue to execute our strategy to build a leading, fully capable, diversified Tier II aerostructures supplier."
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By GlobalDataAccurus provides highly engineered machined parts, kits, and assemblies, as well as processing services to various aircraft platforms. It has previously purchased three companies Precise Machining & Manufacturing in 2013, McCann Aerospace Machining in 2014, and LaCroix last year.
