Bromford Industries Completes First Bolt-On Acquisition
Bromford Industries, the Birmingham-headquartered aerospace machining business owned by Darwin Private Equity, today announces the acquisition of Firthstones Ltd.
Firthstones, established in 1960, produces high precision components for the aerospace industry. The business has turnover of circa £1m and expands Bromford’s product portfolio as well as increasing the diversity of its customer base.
The acquisition of Firthstones demonstrates our desire to grow our business through acquisition, as well as organically, and become an industry consolidator. We are committed to providing a full service proposition to our customers. With Darwin’s investment in the business, we have the financial firepower to expand our business rapidly and Firthstones represents the first step of that journey.
Mike Smith, CEO
Corporate Finance advice was provided by Orbis Partners LLP and legal matters were dealt with by Travers Smith LLP.
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