Turnout Industries, a Chicago-based holding company focused on acquiring companies with $5 million to $50 million of revenue and at least $1 million of Ebitda, has acquired KIHM Metal Technologies, a provider of fabricated metal components and a portfolio company of the Firefly Group.
Based in Brazil, Ind., KIHM engineers and manufactures alloy-based components using metal spinning, hydroforming and machining processes and serves the commercial aerospace, defense, power generation and space end markets. Mesirow Investment Banking, a financial services firm, worked as financial advisor to KIHM Metal Technologies in this transaction.
“KIHM is an established leader in specialty metal fabrication for mission-critical applications and this transaction will allow them to further innovate and deepen their relationships in the aerospace and defense industry,” comments Adam Oakley, managing director of Mesirow.