Houlihan Lokey is pleased to announce the sale of Brek Manufacturing (Brek) to Aernnova Aerospace S.A. (Aernnova). Houlihan Lokey served as financial advisor to Brek. The transaction closed on April 6, 2017.
Brek is a leading manufacturer of precision machined parts, structural components, and complex assemblies for the commercial aerospace, defense, and space end markets. Brek has developed a diverse set of machining equipment and capabilities, including some of the widest multi-spindle gantries in the world, and is capable of machining aluminum structural parts up to 80 feet long. The company has established, growing positions on many of the most sought-after aerospace platforms, including B-737 MAX, B-777X, JSF, F-18, E-2D, F-15, P-8, V-22, and the Falcon-9 rocket. Located in Gardena, California, Brek operates on approximately 180,000 square feet of facility space.
Aernnova is a leading aerostructures company that specializes in the design and manufacture of aerostructures and components, such as wings, empennages, and fuselage sections. It is among the top 10 aerostructures companies in the world, involved in more than 20 aerospace programs for leading OEMs, such as Boeing, Airbus, Embraer, and Bombardier.
Houlihan Lokey's Aerospace•Defense•Government (ADG) Group is the leading M&A advisor to aerospace, defense, government services, and homeland security companies. Since 2015, we have closed more than 35 transactions totaling over $10 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey's ADG Group is among the largest dedicated industry banking groups worldwide.