Leading Northwest Specialist in Complex Metal Forming Becomes Third Supplier to Integrate into Liberty Hall’s Accurus Aerospace Platform
NEW YORK / KENT, Wash., July 28, 2015 – Liberty Hall Capital Partners (“Liberty Hall”), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced today the acquisition of LaCroix Industries Inc. (“LaCroix”), a Tier II supplier of complex metallic formed and machined parts and assemblies for the global aerospace industry. LaCroix will be integrated into Accurus Aerospace Corporation (“Accurus”), a leading Tier II 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 in November 2013 to acquire Precise Machining & Manufacturing (“Precise”), Accurus’s foundational asset, and Accurus subsequently acquired McCann Aerospace Machining in March 2014. Liberty Hall’s investment partners in Accurus are Hamilton Lane and other leading institutional investors. Terms of the transaction were not disclosed.