Derby aerospace supplier sold in major Midlands deal

Paul Wright Accrofab MD, Gary Lowe Bromford Industries CEO, Sally Saunders Provantage Corporate Finance

Accrofab, the Derby supplier to the aerospace industries, has been bought by Birmingham-based Bromford Industries, part of Liberty Hall Capital Partners.

Founded in 1977, Accrofab supplies several leading aerospace engine platforms, including the Trent 1000 TEN, Trent XWB, Trent 7000 and BR7000NG, and its top customers include Rolls Royce and PattonAir. The company employs approximately 185 people at its base in Derby.

Bromford Industries is a supplier of complex engine component, and assemblies for the global aerospace industry. Bromford is a portfolio company of Liberty Hall Capital Partners, a US based private equity firm focused exclusively on investments in the global aerospace and defence industry.

Gary Lowe, chief executive of Bromford, said: “Accrofab shares our vision and commitment to unparalleled quality and customer service and we are pleased to integrate Accrofab into Bromford, providing our global customers with enhanced capabilities for new product introduction and strengthening our existing strategic relationships.”

The transaction was led on behalf of the sellers of Accrofab by Provantage Corporate Finance with legal advice from Flint Bishop and Geldards. Legal advice to Bromford Industries and Liberty Hall was provided by Gibson Dunn & Crutcher.

Sally Saunders of Provantage said: “We are privileged to have the opportunity to develop a strong relationship with the shareholders of Accrofab. We identified the commercial opportunity and exclusively introduced the parties to deliver a transaction which will benefit both the exiting shareholders and the strong management team who will be an integral part of the new group and continue the impressive level of growth.”

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