European private equity firm Silverfleet Capital has agreed to acquire a majority stake in commercial aircraft parts specialist Sigma Components for £65m ($94.2m).
The deal is expected to be completed by the end of the month for Sigma, which operates from four sites in the UK and two facilities in China engineering and manufacturing components for customers including Rolls-Royce, Safran, Airbus, Bombardier and BAE Systems.
Mark Johnson, CEO of Sigma, said Silverfleet’s acquisition will help support the firm’s next phase of growth. “We have identified some exciting opportunities for broadening our manufacturing capabilities and developing our relationships with new and existing customers and look forward to taking the business to the next level,” said Johnson.
