Announced
Completed
Financials
Tags
Aerospace
Majority
aircraft components
Private
Acquisition
United States
fluid fittings
Cross Border
Completed
Friendly
Single Bidder
Synopsis
Senior, a global group of firms in the manufacturing and engineering industries, completed the acquisition of Spencer Aerospace, a manufacturer of highly engineered, high-pressure hydraulic fluid fittings for use in commercial and military aerospace applications, for up to $100m. "We are very pleased to be joining forces with Senior. We have a shared vision about the critical role of fluid conveyance and are sure there will be a strong cultural fit with the Senior team. Our combined resources will enable us to accelerate our product qualification activities and increase our speed to market with source-controlled fittings. I feel certain that our existing and new customers will benefit from this exciting collaboration," Steven Spencer, Spencer Aerospace President.
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