Alantra advises Chromalloy on the sale of its Mexico Manufacturing Operations to Walbar Engine Components

Aug 2022

Sell-side advisory

Boston – Alantra, the global investment banking firm and asset management specialist, is pleased to announce that Chromalloy, the world’s leading aftermarket manufacturer and MRO of aerospace engine components, has sold its Guaymas, Mexico manufacturing operations to Walbar Engine Components, a portfolio company of Cornerstone Capital Holdings. Chromalloy is a subsidiary of Sequa Corporation, a Carlyle (NASDAQ:CG) company. The transaction closed on August 1, 2022 and deal terms were not announced.

“We are pleased to have found the ‘right’ home for Chromalloy’s Guaymas business,” said David Waldstein, Managing Director at Alantra. “It provides Walbar both significant manufacturing capacity and additional engine platform content, making this transaction an excellent strategic fit.”

Florian Touchard, Alantra Partner, added, “Chromalloy’s Guaymas business adds interesting new engine content on both Boeing and Airbus aircraft, as well as with Siemens industrial gas turbines.”

Wade Aust, Alantra Partner & Managing Director, said, “Alantra has a long and successful track record with companies serving the turbine component space. Our experience and relationships played a key role in helping to find the ideal solution for this complex carve out of a non-core OEM machining business.” This is the fifteenth aerospace & defense related transaction completed by Alantra in the past eighteen months 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 Charles Capelle (Associate, Paris), Phil Dytko (Associate, Boston), and Alif Kanji (Analyst, Boston).