AE Industrial acquires Powder Alloy Corporation
AE Industrial Partners, a private investment firm focused on technologies and services critical to the aerospace, national security and economic security sectors, has announced the acquisition of Powder Alloy Corporation (PAC), headquartered in Loveland, Ohio, USA.
Founded in 1973, PAC produces a diverse range of specialised powders used in both OEM and aftermarket applications in the aerospace and gas turbine sectors, as well as biomedical, power & energy, and other industrial segments. PAC’s in-house capabilities include inert gas atomisation, composite cladding, mechanical blending, agglomeration and sintering, and plasma densification.
“PAC’s end markets run on materials that are extraordinarily difficult to produce – powders engineered to exacting specifications, qualified through years of rigorous testing, and proven in the most demanding applications on earth and in the air,” stated Bryan McElwee, Partner at AE Industrial. “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 – a platform purpose-built to address the critical supply chain gaps that exist today for unique, difficult-to-produce materials across PAC’s end markets,” added McElwee.
Steve Payne, President and founder of PAC, stated, “For more than 50 years, PAC has built its reputation on delivering specialised 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’s existing portfolio of specification-controlled products.”
Andrew McElhinney, Principal at AE Industrial, added, “As a differentiated strategic manufacturing partner, the investment in PAC reflects our firm’s philosophy of supporting companies that are addressing the critical tollgates for national and economic security. This acquisition launches our specialty materials platform, and we see meaningful growth opportunities through new product development, strategic partnerships, and complementary acquisitions.”
Financial terms of the transaction were not disclosed.
