Stronvar Aerospace Acquires Electro Methods Inc. with Blackstone Investment
Newly established Stronvar Aerospace proudly announces its acquisition of Electro Methods Inc. (EMI), a highly regarded aerospace component manufacturer specializing in advanced fabrication and machining processes. This acquisition represents a significant milestone in Stronvar Aerospace’s strategy to build a high-performance enterprise that serves the global aero-engine supply chain.
The deal, structured with the support of Blackstone’s private equity strategy for individual investors, is set to accelerate EMI’s growth and enhance its ability to serve leading Original Equipment Manufacturer (OEM) customers. The investment will allow EMI to expand its capabilities, increase production capacity, and further develop its workforce while maintaining its commitment to operational excellence and technical expertise.
Stronvar Aerospace: A New Vision for Aerospace Manufacturing
Stronvar Aerospace is led by Craig Gallagher, former founder and CEO of MB Aerospace, and Gregor Goodwin, former CFO of MB Aerospace. With a strong track record of scaling and optimizing aerospace enterprises, Gallagher and Goodwin bring deep industry experience and strategic vision to this new venture. The leadership team is committed to creating a dynamic and resilient organization that will deliver world-class engineering solutions to the global aviation industry.
According to Craig Gallagher, CEO of Stronvar Aerospace, this acquisition lays the foundation for a company that will set new benchmarks for quality, efficiency, and technological advancement in the aerospace sector. “We are thrilled to complete the acquisition of EMI as the cornerstone of the Stronvar platform and to once again collaborate with Blackstone. Under Randy Fries’ and Bill Soucy’s leadership, EMI has built a stellar reputation for operational excellence and technical expertise. Our goal is to build on this strong foundation, further enhancing EMI’s capabilities while ensuring that its culture of high performance remains intact.”
Electro Methods Inc.: A Legacy of Excellence
Founded in South Windsor, Connecticut, EMI has earned a stellar reputation in the aerospace industry for its expertise in manufacturing high-value assemblies using exotic aerospace alloys. The company is a key supplier to major aerospace OEMs, delivering precision-engineered components that support some of the most advanced commercial and defense engine platforms.
With a workforce of 230 skilled professionals, EMI operates a state-of-the-art manufacturing facility equipped with advanced welding, machining, and special process technologies. The company’s fully integrated production system allows for seamless fabrication of complex aerospace components, reinforcing its position as a trusted partner in the industry.
As part of the acquisition, Bill Soucy will take on the role of President and General Manager of EMI, ensuring strong leadership continuity and operational focus. Randy Fries, the company’s long-standing President, will transition into the role of Vice Chairman, offering strategic guidance and maintaining EMI’s commitment to innovation and customer service.
Randy Fries expressed his enthusiasm for this transition, stating: “Stronvar Aerospace aligns perfectly with EMI’s culture and ambitions. The investment behind our growing order book and the expansion of our customer offering represent exactly what we envisioned for EMI’s next chapter. The team in South Windsor, CT, and our valued customers can look forward to a promising future under Stronvar’s leadership.”
The Role of Blackstone in the Acquisition
The acquisition is being supported by an investment from Blackstone, one of the world’s leading private equity firms. With a strong track record in scaling high-performing enterprises, Blackstone’s involvement is expected to provide EMI with financial strength, strategic insight, and operational expertise to drive its continued success.
Nick Kuhar, a Managing Director at Blackstone, emphasized the investment firm’s enthusiasm for the partnership, stating: “We see tremendous growth opportunities in the aero engine supply chain, particularly for scaled and highly capable companies that demonstrate engineering innovation, operational excellence, and world-class customer service. EMI is exceptionally well-positioned to capitalize on these trends, and we are excited to support Stronvar and EMI’s management in propelling the company forward.”
With Blackstone’s backing, Stronvar Aerospace aims to expand EMI’s technological capabilities, invest in new talent, and implement advanced manufacturing processes to enhance its global competitiveness. This strategic partnership underscores Blackstone’s confidence in EMI’s potential to become a leader in the next generation of aerospace manufacturing.
Commitment to Innovation and Workforce Development
One of Stronvar Aerospace’s primary goals is to invest in EMI’s workforce, fostering a culture of continuous improvement and technical excellence. The company recognizes that attracting, training, and retaining top engineering and manufacturing talent is essential to maintaining its competitive edge.
New initiatives will be introduced to:
- Expand EMI’s training programs to equip employees with cutting-edge technical skills.
- Enhance automation and digital manufacturing capabilities to increase efficiency and precision.
- Develop strategic partnerships with aerospace OEMs to drive innovation and new product development.
EMI’s incoming President and General Manager, Bill Soucy, highlighted his vision for the future: “I am honored to step into the role of President & General Manager after working closely with Randy Fries for many years. My focus is on ensuring that EMI not only maintains but also expands its reputation for technical excellence and superior manufacturing capabilities. With the support of Stronvar and Blackstone, we are well-positioned to capitalize on new opportunities and make this business even stronger.”
Strategic Implications for the Aero Engine Supply Chain
The acquisition of EMI by Stronvar Aerospace reflects broader industry trends, including consolidation, increasing demand for advanced materials, and the rising importance of digital manufacturing in the aerospace sector. As commercial and defense aviation platforms become more sophisticated, the demand for high-precision, durable, and lightweight components continues to grow.
This acquisition strategically places Stronvar Aerospace in a position to:
- Enhance supply chain resilience by offering OEMs a reliable and technologically advanced manufacturing partner.
- Expand into new aerospace segments by leveraging EMI’s expertise in exotic alloy fabrication.
- Strengthen North America’s aerospace manufacturing ecosystem, reducing dependence on foreign suppliers for critical components.
Advisors and Legal Counsel
The transaction was facilitated by industry-leading advisors:
- Simpson, Thacher & Bartlett LLP served as legal counsel to Stronvar Aerospace and Blackstone.
- Lazard acted as financial advisor to Blackstone.
- Reid & Riege provided legal counsel to Electro Methods Inc..
With Stronvar Aerospace’s leadership, Blackstone’s investment, and EMI’s established legacy of excellence, this acquisition marks the beginning of an exciting new chapter. By combining deep aerospace expertise, financial strength, and a shared commitment to innovation, the partnership is set to drive significant growth and technological advancements in the aero-engine supply chain.
As the aerospace industry continues to evolve, Stronvar Aerospace and EMI are well-positioned to meet the rising demand for high-performance components while ensuring best-in-class quality, reliability, and engineering precision. Customers, employees, and industry stakeholders can expect a bright and promising future as Stronvar Aerospace establishes itself as a leading force in next-generation aerospace manufacturing.
