Alantra advises Chromalloy on the sale of Trac Precision Machining to Rcapital Partners

Oct 2022

Sell-side advisory

Boston – Alantra, a leading global investment bank and asset management firm, is pleased to announce that Chromalloy, the world’s leading aftermarket manufacturer and MRO of aerospace engine components, has sold Trac Precision Machining Ltd. to UK private equity firm Rcapital Partners. Chromalloy is a subsidiary of Sequa Corporation, a Carlyle (NASDAQ:CG) company. The transaction closed on October 28, 2022 and deal terms were not disclosed. This followed the August 2022 sale of Chromalloy’s Guaymas, Mexico manufacturing operations to Walbar Engine Components, a portfolio company of Cornerstone Capital Holdings.

Trac Precision Machining, based in Crewe, United Kingdom, is a key supplier of precision engineered parts and components to the aerospace, military, and power generation sectors. The company designs and manufactures hard-to-engineer components including seal segments, guide vanes, and blades for customers such as Siemens, Rolls Royce, Alstom, and Safran throughout the UK and internationally.

Wade Aust, Managing Director & Partner with Alantra, said, “Rcapital has been continually investing in aerospace and is well-positioned to take Trac Precision to the next level. Rcapital is an excellent buyer for this business.” 

Alantra Managing Director David Waldstein continued, “Trac Precision is a well-regarded, long-time player in the engine component sector, with a management team that continued to invest and improve the business throughout the challenges brought on by the pandemic.”

“Alantra’s global A&D team was able to quickly identify several parties that recognized the ample opportunity to grow Trac Precision and were willing to efficiently compete for the business,” Florian Touchard, Partner with Alantra, explained.

This is the seventeenth aerospace & defense related transaction completed by Alantra in the past two years and speaks to Alantra’s strong momentum in the sector. In addition to Mr. Aust (Boston), Mr. Touchard (Paris), and Mr. Waldstein (Boston), the Alantra team advising Chromalloy included Phil Dytko (Associate, Boston), and Alif Kanji (Analyst, Boston).