Sullivan Street Partners, a UK-based private equity investor specialising in mid-market control buyouts, has reached a binding agreement to acquire the Aerostructures business of Senior for a total enterprise value of up to £200m.
The acquisition comes at a pivotal time for the global aerospace industry, which has record commercial aircraft backlogs due to the sector’s long-term growth.
Senior’s Aerostructures business delivers precision-machined airframe and aero engine components and complex assemblies for commercial aerospace, defence, and space applications. It works across the US, UK, and Asia.
With Sullivan Street’s investment, the business will continue to expand its capabilities and scale, with a focus on manufacturing excellence, supply chain reliability, and growth alongside its original equipment manufacturing and tier 1 partners.
The long-term vision is to build a market-leading supplier that is a valuable and dependable partner to its customers.
Leveraging its extensive carve-out and operational expertise, Sullivan Street is working closely with Senior to complete all regulatory approvals and enable a smooth separation of its Aerostructures business. Plans to rebrand the business are underway and will follow in due course.
Sullivan Street was supported by advisors Mayer Brown (legal), PwC (tax and structuring), Stifel (debt advisory), EOS Deal Advisory (financial), Aon (insurance), Steen Associates (corporate finance), Chartwell (operations), and Hilco Valuation Services (asset valuation).
