Fort Worth-based Aeromax Industries, a diversified commercial and military aerospace aftermarket support company, has acquired The Ely Co., a precision aerospace machining company headquartered in Torrance, California.
The acquisition is the first completed by Aeromax since its own acquisition by Chimney Rock Equity Partners. Terms of the Ely deal were not disclosed.
Ely produces tight tolerance metallic components for the commercial and military aerospace market. The company focuses on milling, turning, and assembly of components in support of blue-chip aerospace companies, Aeromax said. Founded in 1955 and owned by members of the Senff family since 1964. Ely will continue to be led by Kurt Senff and Wally Senff as part of Aeromax.
Sean Khosrovani, president and COO of Aeromax, said Ely brings “valuable precision metallic production capabilities to the Aeromax portfolio.”
“The business fits well into Aeromax’s strategic plan to continue expanding and investing in our manufacturing capabilities,” Khosrovani added in a statement. “We’re excited to welcome Kurt and Wally to the Aeromax family, and are confident that the combination of our organizations will allow Ely to continue supporting customers with the leading quality, reliability, and on-time delivery they associate with the Ely brand.”
In a joint statement, Wally and Kurt Senff said, “We’re proud of the reputation that Ely has built over 60 years of leadership by members of our family, and we’re excited to continue leading the organization in this new chapter.”
“Our partnership with Aeromax and its worldwide customer base will allow for exciting opportunities to further invest in Ely’s growth and our employees,” they added.
JANAS Associates served as financial advisor to Aeromax.
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