Liberty Hall Capital Partners acquires Ferra Holdings Ltd.

Liberty Hall Capital Partners, a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, acquired Ferra Holdings Ltd. through Accurus Aerospace Corp., a global supplier of highly engineered structural parts, complex assemblies, and electromechanical subsystems to the global aerospace industry. Terms of the transaction were not disclosed.

"The acquisition of Ferra is highly strategic and transformational for Accurus," said Rowan Taylor, Liberty Hall's founding and managing partner. "The combination creates a truly global, more diversified and balanced business with expanded capabilities allowing us to better serve all of our customers – whether commercial aerospace, military aerospace or space customers – across the globe."

Robert Kirkpatrick, President and CEO of Accurus, said, "The acquisition of Ferra expands our complex and advanced manufacturing capabilities, extends our geographic presence, and creates greater end market, customer, and platform balance. The new Accurus is a highly differentiated aerospace supplier with a global manufacturing footprint and strategic relevance to our customers and serves as a partner of choice for complex and advanced manufacturing work statements."

Brisbane, Australia-based Ferra is a global provider of highly engineered, complex, and advanced components, sub-systems, and assemblies for the military aerospace, and commercial aerospace markets and serves as a strategic supplier to several key industry original equipment manufacturers as well as the Australian Department of Defence. Founded in 1992, Ferra operates four manufacturing facilities located in Australia, the United States, and India with approximately 200 employees. Ferra's largest customers are The Boeing Co. and Lockheed Martin, and its largest platforms are the F-35 Joint Strike Fighter and the Ghost Bat (formerly known as the Loyal Wingman).

Ferra's existing management team, led by Managing Director Aaron Thompson, will remain in their roles following the acquisition. "We are incredibly proud of what we have accomplished over our 30-year history, and we are excited to partner with Accurus in order to accelerate growth across our core business areas," Thompson said. "We look forward to leveraging Accurus's resources, relationships and manufacturing excellence to continue to expand sovereign supply chain capability within Australia, better serve our strategic partners, including the Australian Department of Defence, and further penetrate the military aerospace and space end markets," he added.

Liberty Hall Capital Partners formed Accurus in November 2013 and has since completed six acquisitions, including Precise Machining & Manufacturing (2013), McCann Aerospace Machining (2014), LaCroix Industries (2015), J&M Machine (2016), ZTM (2016), and Ferra Holdings.