Key Takeaways
- • Aeromax Group, a commercial and military aerospace aftermarket support company backed by Chimney Rock Equity Partners, LLC, has acquired Loutech LLC, a Chino, California manufacturer of precision aerospace machined components.
- • The acquisition is Aeromax's second deal since Chimney Rock acquired the company; terms were not disclosed.
- • Loutech makes tight-tolerance electrical interconnects and fluid connectors for commercial and military aerospace customers, using 5-axis CNC mills and 11-axis CNC mill-turns with live tooling, and holds AS9100 certification.
- • Aeromax CEO Sean Khosrovani said Loutech's specialty machining capabilities fit its strategy to expand its manufacturing platform.
Summary
Aeromax Group ("Aeromax"), a diversified commercial and military aerospace aftermarket support company based in Fort Worth, Texas, announced that it has acquired Loutech LLC ("Loutech"), a manufacturer of precision aerospace machined components. According to the company's Business Wire release, terms of the transaction were not disclosed. The deal is Aeromax's second acquisition since being acquired by Chimney Rock Equity Partners, LLC, a private equity firm focused on the North American lower middle market industrials sector, with a focus on Aerospace & Defense, Industrial Products & Services, and Niche Products & Services end markets.
Headquartered in Chino, California, Loutech manufactures tight-tolerance electrical interconnects and fluid connectors for the commercial and military aerospace market. The company operates a suite of 5-axis CNC milling machines and 11-axis CNC mill-turns with live tooling, and provides kitting and other value-added services. Loutech was founded in 1986 and acquired by Mark Schelbert in 2022. The release states the company has grown significantly under his leadership, serves a number of prominent aerospace customers, and is AS9100 certified.
Schelbert said he had enjoyed leading Loutech's growth and evolution, and that the company had made significant investments in its capabilities. He said the two companies had worked to map future opportunities for Loutech's customers, who will gain access to a more comprehensive product offering and support. Sean Khosrovani, President and CEO of Aeromax, said Loutech's specialty machining capabilities fit well within the company's strategy to expand its manufacturing platform, and that Aeromax would be the steward of the business's next phase of growth.
Aeromax describes itself as a provider of solutions for the commercial and military aerospace aftermarket, with operations in Florida, Texas, and California and MRO, manufacturing, and distribution divisions serving customers worldwide.
Headquartered in Chino, California, Loutech manufactures tight-tolerance electrical interconnects and fluid connectors for the commercial and military aerospace market. The company operates a suite of 5-axis CNC milling machines and 11-axis CNC mill-turns with live tooling, and provides kitting and other value-added services. Loutech was founded in 1986 and acquired by Mark Schelbert in 2022. The release states the company has grown significantly under his leadership, serves a number of prominent aerospace customers, and is AS9100 certified.
Schelbert said he had enjoyed leading Loutech's growth and evolution, and that the company had made significant investments in its capabilities. He said the two companies had worked to map future opportunities for Loutech's customers, who will gain access to a more comprehensive product offering and support. Sean Khosrovani, President and CEO of Aeromax, said Loutech's specialty machining capabilities fit well within the company's strategy to expand its manufacturing platform, and that Aeromax would be the steward of the business's next phase of growth.
Aeromax describes itself as a provider of solutions for the commercial and military aerospace aftermarket, with operations in Florida, Texas, and California and MRO, manufacturing, and distribution divisions serving customers worldwide.
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