SK Capital Closes Acquisition of North America Composites & Fuel Containment Division from Parker Hannifin; Changes Name to Axillon Aerospace
SK Capital has completed its acquisition of Parker Hannifin's North America Composites & Fuel Containment Division, now renamed as Axillon Aerospace. The company, generating annual sales of approximately $350 million, is a leading provider of engineered carbon fiber composite components and fuel containment solutions for defense and commercial aerospace markets. Operating from six manufacturing locations across the USA and Mexico with approximately 1,700 employees, Axillon Aerospace has appointed industry veteran Kevin Vicha as CEO. Vicha, previously CEO of Bromford Industries, brings extensive experience from roles at Pratt & Whitney, Engine Alliance, and GKN Aerospace.
SK Capital ha completato l'acquisizione della Divisione Compositi e Contenimento del Carburante per il Nord America di Parker Hannifin, ora rinominata Axillon Aerospace. L'azienda, con un fatturato annuale di circa 350 milioni di dollari, è un fornitore leader di componenti in fibra di carbonio ingegnerizzati e soluzioni di contenimento del carburante per i mercati della difesa e dell'aviazione commerciale. Operando da sei sedi produttive negli USA e in Messico con circa 1.700 dipendenti, Axillon Aerospace ha nominato come CEO il veterano del settore Kevin Vicha. Vicha, precedentemente CEO di Bromford Industries, porta con sé una vasta esperienza derivante da ruoli ricoperti presso Pratt & Whitney, Engine Alliance e GKN Aerospace.
SK Capital ha completado la adquisición de la División de Compuestos y Contención de Combustible de Parker Hannifin en Norteamérica, ahora rebautizada como Axillon Aerospace. La empresa, que genera ventas anuales de aproximadamente $350 millones, es un proveedor líder de componentes de compuestos de fibra de carbono diseñados e soluciones de contención de combustible para los mercados de defensa y aeroespacial comercial. Con operaciones desde seis ubicaciones de fabricación en EE. UU. y México, y aproximadamente 1,700 empleados, Axillon Aerospace ha nombrado al veterano de la industria Kevin Vicha como CEO. Vicha, ex CEO de Bromford Industries, aporta una amplia experiencia de roles en Pratt & Whitney, Engine Alliance y GKN Aerospace.
SK 자본이 파커 한니핀의 북미 복합재 및 연료 보관 부문의 인수를 완료하였으며, 이제 Axillon Aerospace로 이름을 변경하였습니다. 이 회사는 연간 약 3억 5천만 달러의 매출을 올리며, 방위 및 상업 항공 우주 시장을 위한 엔지니어링된 탄소 섬유 복합재 구성 요소 및 연료 보관 솔루션의 선도적인 공급업체입니다. 미국과 멕시코 전역에 걸쳐 6개의 제조 시설에서 약 1,700명의 직원과 함께 운영되는 Axillon Aerospace는 업계 베테랑 Kevin Vicha를 CEO로 임명했습니다. Vicha는 Bromford Industries의 전 CEO로, Pratt & Whitney, Engine Alliance 및 GKN Aerospace에서의 경험을 통해 폭넓은 경력을 가지고 있습니다.
SK Capital a finalisé l'acquisition de la division Composites et Contention de Carburant de Parker Hannifin en Amérique du Nord, désormais renommée Axillon Aerospace. L'entreprise, générant des ventes annuelles d'environ 350 millions de dollars, est un fournisseur de premier plan de composants en composites de fibre de carbone conçus et de solutions de contention de carburant pour les marchés de la défense et de l'aérospatial commercial. Axillon Aerospace, qui opère depuis six sites de production aux États-Unis et au Mexique avec environ 1 700 employés, a nommé Kevin Vicha à la tête de l'entreprise en tant que PDG. Vicha, ancien PDG de Bromford Industries, apporte une vaste expérience acquise dans des rôles chez Pratt & Whitney, Engine Alliance et GKN Aerospace.
SK Capital hat die Übernahme der Nordamerika-Abteilung für Verbundwerkstoffe und Kraftstoffbehälter von Parker Hannifin abgeschlossen, die nun in Axillon Aerospace umbenannt wurde. Das Unternehmen, das jährlich etwa 350 Millionen US-Dollar einnimmt, ist ein führender Anbieter von ingenieurgemachten Komponenten aus Kohlefaserverbundstoffen und Lösungen zur Kraftstoffsicherung für die Verteidigungs- und den kommerziellen Luftfahrtmarkt. Mit sechs Produktionsstandorten in den USA und Mexiko und rund 1.700 Mitarbeitern hat Axillon Aerospace den Branchenexperten Kevin Vicha als CEO ernannt. Vicha, der zuvor CEO von Bromford Industries war, bringt umfangreiche Erfahrungen aus verschiedenen Positionen bei Pratt & Whitney, Engine Alliance und GKN Aerospace mit.
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Industry veteran Kevin Vicha appointed CEO of Axillon Aerospace, a leading provider of specialty materials for the defense and commercial aerospace markets.
Jared Kramer, a Principal at SK Capital, said, “Axillon Aerospace has a rich heritage of providing differentiated material science solutions for leading customers across the aerospace and defense sector. SK Capital is investing in Axillon Aerospace to build upon its legacy of innovation, quality, and commitment to customer excellence to become the leading provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets.”
The Company also announces that tenured aerospace and defense industry executive Kevin Vicha has been appointed CEO of Axillon Aerospace. Most recently, Kevin served as CEO of Bromford Industries and previously served in leadership positions at Pratt & Whitney, Engine Alliance, and GKN Aerospace.
“Axillon Aerospace is remarkably well positioned for growth. The design and manufacturing capability is proven across the world's leading aerospace and defense platforms, with our advanced technology supporting next generation aerospace programs,” stated Kevin Vicha, CEO of Axillon Aerospace. “The team at Axillon Aerospace has established a strong foundation and I'm excited to join as we partner with our customers for growth.”
“We welcome Kevin to the Axillon Aerospace team. His leadership experience in the aerospace and defense sector, and track record of commercial growth, operational excellence, and customer satisfaction will greatly benefit the Company as it continues its growth journey, now as an independent company,” said Jack Norris, Managing Director at SK Capital.
Latham & Watkins LLP acted as legal counsel to SK Capital. J.P. Morgan Securities LLC served as financial advisor to SK Capital and committed debt financing was provided by direct lending funds and accounts managed by HPS Investment Partners, LLC. Lazard served as exclusive financial advisor, and Jones Day acted as legal counsel, to Parker Hannifin Corporation.
About SK Capital
SK Capital is a private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. The Firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately
About Axillon Aerospace
Axillon Aerospace is a leading provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets. The business generates annual sales of approximately
About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241103194125/en/
Jeremy Milner
BackBay Communications
(401) 862-9422
jeremy.milner@backbaycommunications.com
Source: SK Capital
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