Simpson Thacher is representing Stronvar Aerospace and Blackstone in the acquisition of Electro Methods Inc. by Stronvar from privately held owners. Stronvar will be supported with an investment from Blackstone’s private equity strategy for individual investors. Financial terms of the acquisition were not disclosed.
EMI was founded in 1965 and has ~230 employees in its six-facility campus located in South Windsor, Connecticut. EMI is a leading Tier 1 supplier of critical Fabricated Assemblies to aero-engine OEMs. Over its history it has established an extensive portfolio of aero engine parts supplied to 65+ different aero engine platforms across Commercial, Defense and Industrial applications.
Stronvar Aerospace is a newly formed company with strategic plans to build a high-performing group serving the aero-engine supply chain. It is headquartered in Connecticut and is led by CEO Craig Gallagher and CFO Gregor Goodwin, each formerly of MB Aerospace.
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Blackstone’s more than $1.1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds.
The Simpson Thacher team included Michael T. Holick, William Allen, Surya Banerjee and Matthew Nolan (M&A); Yash Rupal, Sophie A. Staples, Oliver Rosshandler, Lina Pan and Matthew Lester (Tax); Brian Gluck, Shawn Dogra and Matthew Digirolamo (Credit); Gregory T. Grogan, Laura R. Gallo and Abigail Janik (ECEB); and Krista McManus (Real Estate).