Beechbrook Capital supports Bromford Industries with acquisition finance
30 August 2019
2 September 2019 – Beechbrook has recently closed its 12th investment in its Private Debt III fund, a mezzanine loan investment to Bromford Industries. Bromford is a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries. Beechbrook’s finance was used to support Bromford’s acquisition of Accrofab, a transaction designed to diversify the group’s product offering through Accrofab’s market leading capabilities in the fabrication and machining of engine bracketry for the global aerospace industry.
Bromford was acquired in 2016 by Liberty Hall Capital Partners, a private equity firm focused exclusively on investments in businesses serving the global aerospace and defence industry. The Accrofab acquisition follows its 2018 add-on of the US-based aerospace parts supplier, AeroCision. The full financing package was provided by Citizens Bank, CIT Bank and Beechbrook Capital.
Sandeep Agarwal, partner at Beechbrook, commented:
“We are pleased to have made another quality investment to support a UK business with a long history and strong track record. Furthermore, we are excited to partner with Liberty Hall, a renowned US private equity firm with extensive experience in the aerospace industry.”
Jack Nadal, partner at Liberty Hall Capital Partners, said:
“Liberty Hall and Bromford are delighted to have been supported by Beechbrook in the recent acquisition of Accrofab. Beechbrook’s speed of delivery and willingness to provide a flexible funding solution to match the requirements of the transaction were valuable to us and enabled a simple and transparent execution.”