Darwin Private Equity has completed its second transaction with the acquisition of the aerospace machining division of Hampson Industries for GBP23.7m.
Darwin Private Equity has completed its second transaction with the acquisition of the aerospace machining division of Hampson Industries for GBP23.7m.
Hampson Aerospace Machining is a manufacturer and supplier of complex, highly engineered, performance-critical components for the commercial aerospace, military and defence, and power generation markets. It serves a blue-chip customer base of gas turbine engine OEMs such as Rolls-Royce and Siemens and Tier 1 aerospace equipment suppliers such as Messier-Dowty and Goodrich.
The company operates from three sites in the Midlands and has its headquarters in Birmingham. There are around 300 employees. Following the acquisition it will be renamed and trade as Bromford Industries.
The acquisition by Darwin follows the decision by Hampson Industries to focus on developing its advanced composites businesses in components and tooling systems.
Mike Smith, chief executive of Hampson Aerospace Machining, says: ‘We are delighted to have found a partner in Darwin Private Equity who shares our passion for excellence. We have a great team here and with the support of Darwin, we are excited about the opportunities that lie ahead for the business.’
Kevin Street, partner of Darwin Private Equity, says: ‘Hampson Aerospace Machining is a leading aerospace component manufacturer and Mike and his team have done an excellent job over recent years. We believe Hampson Aerospace Machining is a good platform for growth and we plan to invest in the business to build upon its market-leading position.’
Joining the existing management team as part of the transaction are John Hudson as chairman and Jeff Walker as finance director. Both have a long-standing relationship with the Darwin Private Equity team, having worked with them on previous transactions.
