.
MergerLinks Header Logo

Announced

American Industrial Acquisition to acquire MB Aerospace Sterling Heights.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Capital Goods

Acquisition

Private

Friendly

Majority

Domestic

Pending

Single Bidder

Private Equity

United States

equipment provider

Synopsis

Edit

American Industrial Acquisition, a private equity firm, agreed to acquire MB Aerospace Sterling Heights, a provider of high-value cast components for aerospace and industrial markets. The Sterling Heights business will trade as Vital Engineered Components Company (VECCO). Financial terms were not disclosed. “In AIAC, we have secured a superb partner to drive the rebranded VECCO business forward, enabling MB Aerospace to concentrate significant investment across our global Centers of Excellence network for the repair and manufacture of aero-engine precision parts," Craig Gallagher, MB Aerospace CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US