Investment company Endeavour Capital has acquired Forrest Machining Inc., also known as FMI Aerostructures, which produces structural components for aerospace and defense platforms.
Tim Mickael, an aerospace executive with two decades of industry experience, joined FMI Aerostructures as CEO, and all current managers will remain with the company as part of the deal, FMI said Tuesday.
Valencia, Calfornia-based FMI maintains 230,000 square feet of manufacturing space focused on complex assemblies, large aluminum structures and hard metal components. Clients include Boeing (NYSE: BA), Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT).
“Our mission is to create a stronger supply chain for critical structures through value added partnerships with our customers and delivering the best overall value in terms of quality, delivery and service,” Mickael said.