Sullivan Street Partners, a private equity investor focused on mid-market control buyouts, has completed its acquisition of the Aerostructures division of Senior plc.
The newly independent business will operate under the Zenix Aerospace brand, with its head office now established in Birmingham. The group also maintains a base in northern England.
Zenix Aerospace brings together seven former Senior plc units, including AMT, Damar, Jet Products, Ketema in the US, Weston in the UK, UPECA in Malaysia, and the company’s Thailand operation.
Since signing the transaction in July, Sullivan Street has carved out the business and set it up as a standalone operator. Scott McLarty, who spent the last two decades at Spirit AeroSystems, has been appointed group CEO.
Management teams at the individual sites will continue to lead their operations from existing locations.
Zeina Bain, managing partner at Sullivan Street, added: “We are thrilled to complete this acquisition and announce the launch of Zenix Aerospace, led by new group CEO Scott McLarty. This transaction represents a major milestone for Sullivan Street – Zenix is a high-quality, global business with a strong track record, deep customer relationships and a critical role in the aerospace supply chain.
“Since signing in July, we have worked closely with the team to deliver a complex, multi-jurisdictional carve-out and establish Zenix Aerospace as a standalone group, with a clear strategy focused on manufacturing excellence, supply chain reliability and growth.”
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