Liberty Hall Capital Partners, a private equity firm focused on the aerospace and defense industry, has announced the acquisition of LaCroix Industries, Inc., a supplier of complex metallic formed and machined parts and assemblies for the global aerospace industry. Cascadia Capital served as the financial advisor to LaCroix.
LaCroix will be integrated into Accurus Aerospace Corporation, a leading supplier of highly engineered machined parts, kits and assemblies, and processing services, focused on the highest value aircraft platforms. Accurus was formed by Liberty Hall Capital Partners in November 2013. LaCroix represents the third supplier to integrate into the Accurus Aerospace platform.
Founded in 1977 and owned by Philip and Bernard LaCroix, Kent-based LaCroix supplies several of the highest value Boeing commercial platforms, including the 737, 777 and 787. In addition to expanding Accurus’ content on these key aircraft platforms, LaCroix further diversifies Accurus’ customer mix and extends the brand’s geographic reach into the Pacific Northwest, the core aerospace supply region in the United States.
Jim Gibson, President and CEO of Accurus, said “LaCroix is its customers’ preferred supplier of high-precision sheet metal formed and machined parts, and has been recognized for superior performance through industry awards such as Boeing’s Performance Excellence Award each of the past six years. We are pleased to be able to expand the Accurus platform into the Northwestern U.S. and, through this acquisition, allow LaCroix to extend its distinct capabilities to our global base of customers.”
For more information on this transaction, please contact the deal team:
Senior Vice President