McCann becomes second supplier to integrate into Liberty Hall’s Accurus Aerospace Platform
NEW YORK / ATHENS, GA, April 2, 2014 – 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 McCann Aerospace Machining (“McCann”), a Tier II supplier of large, complex monolithic machined structural parts and assemblies for the global aerospace industry. McCann 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. Liberty Hall’s investment partners in Accurus are Hamilton Lane and other leading institutional investors.