AE Industrial Partners, LP, a private investment firm focused on technologies and services considered critical to aerospace and national and economic security, announced that it has acquired Powder Alloy Corporation (PAC), a producer of highly engineered metallic, ceramic, and thermal spray powders used across mission-critical surface enhancement and joining applications.
Founded in 1973 and headquartered in Loveland, OH, PAC produces a diverse range of specialized powders used across OEM and aftermarket applications in the aerospace and gas turbine sectors, as well as biomedical, power & energy, and other industrial segments. The company,Äôs in-house capabilities include inert gas atomization, composite cladding, mechanical blending, agglomeration and sintering, and plasma densification.
Bryan McElwee, Partner at AE Industrial, said: ,ÄúPAC,Äôs end markets run on materials that are extraordinarily difficult to produce,Äîpowders engineered to exacting specifications, qualified through years of rigorous testing, and proven in the most demanding applications on earth and in the air. PAC has built exactly that capability over more than 50 years, and the breadth of their proprietary portfolio is something that simply cannot be replicated. This investment is the foundation of our newest specialty materials platform. Our vision is to build the preeminent independent provider of proprietary powders and materials,Äîa platform purpose-built to address the critical supply chain gaps that exist today for unique, difficult-to-produce materials across PAC,Äôs end markets.,Äù
Steve Payne, President and founder of PAC, added: ,ÄúFor more than 50 years, PAC has built its reputation on delivering specialized powders that meet the most demanding specifications throughout our end markets. AE Industrial understands these markets and brings the resources and relationships to help us scale production capacity, invest in next-generation formulations, and serve the growing demand for PAC,Äôs existing portfolio of specification-controlled products.,Äù
PAC is well positioned to benefit from favorable industry dynamics and product trends in the jet engine and industrial gas turbine markets, supported by its proprietary blends, deep customer relationships, and a critical role within their respective supply chains.
,ÄúAs a differentiated strategic manufacturing partner, the investment in PAC reflects our firm,Äôs philosophy of supporting companies that are addressing the critical tollgates for national and economic security,,Äù said Andrew McElhinney, Principal at AE Industrial. ,ÄúThis acquisition launches our specialty materials platform, and we see meaningful growth opportunities through new product development, strategic partnerships, and complementary acquisitions.,Äù
For more information contact:
AE Industrial Partners
6700 Broken Sound Pkwy. NW
Boca Raton, FL 33487
561-372-7820
info@aeroequity.com
www.aeroequity.com
Powder Alloy Corporation
101 Northeast Drive
Loveland, OH 45140
513-984-4016
www.powderalloy.com