American Industrial Partners Acquire US Operating Subsidiaries of Hampson Aerospace
American Industrial Partners a middle-market private equity firm focused on acquiring and improving North American-headquartered industrial businesses, has acquired the United States operating subsidiaries of Hampson Industries plc. The transaction marks the fund’s fifth investment in 2012 and will be made out of American Industrial Partners Capital Fund V, LP, AIP’s $717.5 million fund that closed in December 2011.
Founded in 1947, Hampson Industries provides fully integrated engineering, aerospace tooling, aerospace manufacturing and assembly solutions at the lowest whole life cost. Today, as a complete solutions provider for aerospace tooling and aerospace composites, Hampson Aerospace specialises in highly technical and niche products and services.
AIP Aerospace, with approximately 1,140 employees and 10 manufacturing facilities located in California, Michigan and Texas, has developed products to serve the global aerospace market. The investment is composed of five operating divisions with a total of approximately $210 million in sales: three developers of complex metallic and composite aerospace moulds, mandrels, assembly jigs and fixtures – Odyssey Industries, LLC; Global Tooling Systems, LLC; and Coast Composites, LLC; and two manufacturers of aerostructure and composite components – Composites Horizons, LLC and Texstars, LLC.