Key Takeaways
- • Chimney Rock Equity Partners-backed Aeromax Group, a Fort Worth, Texas-based diversified commercial and military aerospace aftermarket support company, has acquired Loutech LLC, a manufacturer of precision aerospace machined components.
- • This is Aeromax's second acquisition since Chimney Rock acquired it; terms of the transaction were not disclosed.
- • Loutech, headquartered in Chino, California, makes tight-tolerance electrical interconnects and fluid connectors for commercial and military aerospace customers and is AS9100 certified.
- • Loutech was founded in 1986 and acquired by Mark Schelbert in 2022, who is expected to be succeeded in stewardship by Aeromax leadership under Sean Khosrovani.
- • The deal extends Aeromax's specialty machining capabilities as part of a buy-and-build strategy by Austin-based Chimney Rock, a lower middle market industrials investor.
Summary
Chimney Rock Equity Partners-backed Aeromax Group, a diversified commercial and military aerospace aftermarket support company based in Fort Worth, Texas, has acquired Loutech LLC, a manufacturer of precision aerospace machined components, according to the company's announcement. This is Aeromax's second acquisition since being acquired by Chimney Rock Equity Partners LLC. Terms of the transaction were not disclosed.
Headquartered in Chino, California, Loutech manufactures tight-tolerance electrical interconnects and fluid connectors for the commercial and military aerospace market. The company operates a suite of 5-axis CNC milling machines and 11-axis CNC mill-turns with live tooling, and provides kitting and other value-added services. Loutech was founded in 1986 and acquired by Mark Schelbert in 2022; the company is AS9100 certified.
Sean Khosrovani, president and CEO of Aeromax, said Loutech's specialty machining capabilities fit within the company's strategy to expand its manufacturing platform, and that Schelbert has transformed Loutech. Schelbert said he had spent considerable time working with Aeromax to map future opportunities for Loutech's customers, who will gain access to a broader product offering and support.
Aeromax operates in Florida, Texas, and California and supports customers worldwide across its MRO, manufacturing, and distribution divisions.
Chimney Rock is an Austin-based private equity firm focused on the North American lower middle market industrials sector, targeting platform opportunities in the Aerospace & Defense, Industrial Products & Services, and Niche Products & Services end markets. The firm pursues a thematic buy-and-build strategy and partners with management teams on value creation plans.
Headquartered in Chino, California, Loutech manufactures tight-tolerance electrical interconnects and fluid connectors for the commercial and military aerospace market. The company operates a suite of 5-axis CNC milling machines and 11-axis CNC mill-turns with live tooling, and provides kitting and other value-added services. Loutech was founded in 1986 and acquired by Mark Schelbert in 2022; the company is AS9100 certified.
Sean Khosrovani, president and CEO of Aeromax, said Loutech's specialty machining capabilities fit within the company's strategy to expand its manufacturing platform, and that Schelbert has transformed Loutech. Schelbert said he had spent considerable time working with Aeromax to map future opportunities for Loutech's customers, who will gain access to a broader product offering and support.
Aeromax operates in Florida, Texas, and California and supports customers worldwide across its MRO, manufacturing, and distribution divisions.
Chimney Rock is an Austin-based private equity firm focused on the North American lower middle market industrials sector, targeting platform opportunities in the Aerospace & Defense, Industrial Products & Services, and Niche Products & Services end markets. The firm pursues a thematic buy-and-build strategy and partners with management teams on value creation plans.
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