Trac Precision Solutions, a specialist engineering business serving the aerospace, energy and defence sectors, was acquired from Chromalloy Gas Turbine LLC, part of Sequa Corporation.
Trac is a successful business based in Crewe in the UK. It employs a skilled workforce and is a key supplier of precision engineered parts to the aerospace, defence and power generation sectors, with major customers including Siemens, GE and Safran, and Rolls Royce.
The business designs and manufactures precision engineered parts that maximise engine performance, efficiency and reliability. Trac are committed to doing their part in making the Engineering industry safer, quieter and more sustainable.
Rcapital is an experienced investor in the engineering sector, having invested in specialist engineering business, Nasmyth Group earlier this year.
Brian Costa, President of Chromalloy commented: “Trac has been acquired by Rcapital as Chromalloy focuses on the aerospace, energy, and defence aftermarket business sectors and the unique value proposition of our proprietary LifeX® solutions. We are pleased to have found a strategic investor who will provide a good home for the Trac business, and we wish everyone at Crewe and Rcapital all the best for the future.”
Liam Bevington, Managing Director at Trac added: “The acquisition of Trac by Rcapital provides the opportunity to further develop and grow the business. The team at Rcapital has the expertise to help us build on the strong foundations and ensure the business has an even brighter future.”
Lewis Burnham, Investment Manager at Rcapital said: “Trac is a profitable business and a significant employer in the region with an enviable blue-chip client base. It is extremely well placed to benefit from the recovery in global air passenger numbers and the need for energy and aerospace operators to reduce emissions and improve efficiencies across their platforms. This presents exciting growth opportunities for Trac, utilising their engineering expertise.”
Rcapital were advised by Pinsent Masons LLP and Chromalloy were advised on the acquisition by Alantra and Cripps LLP.