FORT WORTH, Texas, April 6 — Aeromax Industries (“Aeromax”), a diversified commercial and military aerospace aftermarket support company, announced today that it has acquired The Ely Co., Inc. (“Ely” or the “Company”), a precision aerospace machining company. This is the first acquisition that Aeromax has completed since being acquired by Chimney Rock Equity Partners, LLC. Terms of the transaction were not disclosed.
Headquartered in Torrance, California, 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. Ely has a long history in the Southern California aerospace industry having been founded in 1955 and owned by members of the Senff family since 1964. Kurt and Wally Senff will continue to lead Ely 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. We are 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.”
Wally and Kurt Senff said, “We are proud of the reputation that Ely has built over 60 years of leadership by members of our family, and we are 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.”
JANAS Associates served as financial advisor to the seller.
