England-based Bromford Industries, which is acquiring Orange-based aerospace manufacturer Numet Machining Techniques, Inc., has received funding from Citizens Commercial Banking to fund the purchase.
Numet is a provider of aerospace engine machined components requiring complex geometries and exotic alloys to organizations like Pratt & Whitney, GE Aviation and the U.S. Department of Defense from its single location in Orange.
Bromford is a supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries.
Numet is Bromford’s third deal in two years following the strategic acquisitions of AeroCision LLC in March 2018 and Accrofab Limited in June 2019.
“Providing acquisition capital and strategic advice are some of the ways that Citizens delivers substantial value for our clients,” said Daniel K. Fitzpatrick, President of Citizens Bank’s Mid-Atlantic Region. “In this case, the aerospace, defense and government services corporate banking team led by Dan Darnell and our Aerospace and Defense Corporate Finance team led by Jeff Harrick once again demonstrated their expertise by assisting Bromford Industries.”