Brookhouse Aerospace has announced the completion of a management buyout (MBO) of Kaman Corporation on 3rd February 2021, led by Group CEO, Christopher Morris, and Group CFO Matthew Rossiter. The MBO is supported by UK-based private equity investors.
Kaman UK has been part of Kaman Corporation since 2008 with the UK facility being part of the Kaman Aerospace Group. The UK facility has grown its focus from manufacturing composite components, structures and assemblies, offering a complete manufacturing solution covering a broader range of capabilities.
With the strategic direction of Brookhouse Aerospace now in the control of the UK management team and having independence from a larger group, significant growth and investment plans are in place to progress the business forward. This investment will be directed and aligned with the present and future needs of our customers.
“The MBO represents a new and exciting chapter for Brookhouse Aerospace which will position the business strongly to support our customers as the aerospace and defence industry recovers from the Pandemic,” stated Group CEO, Christopher Morris. “Our business has a rich and strong heritage that dates back to 1951 and we will continue to strive for higher levels of service and quality for our current and new customers.”
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Source: https://www.aero-mag.com/brookhouse-aerospace-announces-kaman-mbo/
