Fort Worth-based Novaria Group has acquired all the assets of Ferco Tech, L&E Engineering, and GGF Manufacturing, the company said.
The three business units, collectively operating as Ferco Aerospace, supply the world´s largest aircraft engine manufacturers with high-strength and temperature-resistant brackets, tube assemblies, and other exotic metal fabrications.
A privately held business, Ferco Aerospace and its three operating units have operations dating back to 1953. The businesses bring additional combined manufacturing space of more than 120,000 square feet with 225 highly skilled employees. Ferco Tech, L&E Engineering, and GGF Manufacturing will continue manufacturing operations in Dayton, Ohio; Indianapolis, Indiana; and Jamestown, Kentucky, respectively. Brady Ware Capital, LLC served as the exclusive financial advisor to Ferco in connection with the sale transaction.
Novaria Group is a privately held corporation, focused on the premier supply of products to the aerospace and defense industries. Led by founders and CEOs Bryan Perkins and Earl Larkin, the company operates a cohesive family of precision component companies that consistently delivers optimum performance and sustainable growth within the aerospace and defense marketplace.