Aeromax Acquires Ely Co.

Aeromax Industries announced April 6 that it had acquired Ely Co., Inc. The purchase unites Aeromax, a commercial and military aerospace aftermarket support company, with Ely’s precision aerospace machining business. The companies did not disclose the terms of the deal.

In a joint statement, Aeromax President Sean Khosrovani said the addition of Ely’s business suits Aeromax’s plans to invest in more manufacturing operations. Kurt and Wally Senff, Ely’s VP of operations and general manager, who will stay on to lead Ely as a part of Aeromax, noted the deal would give Ely more resources for growth.

“Ely brings valuable precision metallic production capabilities to the Aeromax portfolio,” Khosrovani said. “The business fits well into Aeromax’s strategic plan to continue expanding and investing in our manufacturing capabilities. We are excited to welcome Kurt and Wally to the Aeromax family, and are confident that the combination of our organizations will allow Ely to continue supporting customers with the leading quality, reliability, and on-time delivery they associate with the Ely brand.”

Wally and Kurt Senff said, “We are proud of the reputation that Ely has built over 60 years of leadership by members of our family, and we are excited to continue leading the organization in this new chapter. Our partnership with Aeromax and its worldwide customer base will allow for exciting opportunities to further invest in Ely’s growth and our employees.”