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Project: Accrofab
Sector: Industrials
Deal Value: Undisclosed
Buyer: Bromford Industries – Backed by US Liberty Hall

 

Accrofab Limited, a leading supplier of complex fabricated and machined engine bracketry for the global aerospace industry, has been acquired by Bromford Industries, a portfolio company of Liberty Hall Capital Partners, L.P.

Founded in 1977, Accrofab is a leading supplier of complex fabricated and machined engine bracketry for the global aerospace industry. The company supplies several leading aerospace engine platforms, including the Trent 1000 TEN, Trent XWB, Trent 7000 and BR7000NG, and its top customers include Rolls Royce and PattonAir. The Company employs approximately 185 people at its facilities in Derby

Bromford Industries, based in Birmingham, is a leading supplier of complex engine component, and assemblies for the global aerospace industry. Bromford is a portfolio company of Liberty Hall Capital Partners, a US based private equity firm focused exclusively on investments in the global aerospace and defence industry

Gary Lowe, CEO, said “Accrofab shares our vision and commitment to unparalleled quality and customer service and we are pleased to integrate Accrofab into Bromford, providing our global customers with enhanced capabilities for new product introduction and strengthening our existing strategic relationships.”

The transaction was led on behalf of the sellers of Accrofab by Provantage Corporate Finance with legal advice from Flint Bishop and Geldards. Legal advice to Bromford Industries and Liberty Hall was provided by Gibson Dunn & Crutcher

Sally Saunders of Provantage said “We are privileged to have the opportunity to develop a strong relationship with the shareholders of Accrofab. We identified the commercial opportunity and exclusively introduced the parties to deliver a transaction which will benefit both the exiting shareholders and the strong management team who will be an integral part of the new group and continue the impressive level of growth”

In business I have always tried to invest in the people representing the service provider, getting to know and trust them is just as important as knowing the business they work for. Are they sincere? Do you like them? Could you trust them? Are they too pushy? Do they understand your business and your needs? Would they keep a promise? And so on

I found the Provantage team to be very knowledgeable and capable, open, communicative, empathetic and tenacious in brokering a deal that maximised fair value for all parties concerned. Sound advice was given based on years of experience – even if you don’t realise it at the time

Provantage’s ability to communicate effectively with Directors, Managers, Lawyers, Accountants and Tax experts of both the Seller and the Buyer was key to bringing the deal to a successful conclusion, whilst not overlooking any aspect or detail of the final sale agreement. Selling your business is not an easy thing to do successfully and without their advice, expertise and drive it would have been a lot more difficult have done

Paul Wright, Managing Director

Accrofab Limited