Accrofab, the precision engineering group acquired by Endless LLP’s Enact Fund III in July 2023, has acquired RTI Advanced Forming Limited (“RTI”) from Howmet Aerospace. RTI will be carved out of Howmet and gradually integrated into the Accrofab group. This will be the fifth deal backed by Endless LLP’s Enact Fund III and adds to a long list of non-core carve outs completed by the transformational investor.
Based in Welwyn Garden City with 74 employees, RTI specialises in super plastic titanium forming supplying to a long-standing blue chip customer base including aerospace OEMs and tier 1 suppliers. RTI is one of a handful of companies in the world with the engineering expertise to be able to make these complex formed products.
Accrofab’s acquisition will expand and complement the group’s position on single-aisle aircraft and diversify the customer base across both engine and structural precision-engineered components. Enact will provide fresh capital to support planned improvements to the site and unlock RTIs potential for growth, through new business and increased market share. Accrofab’s turnover will increase from £30m to approximately £50m following the acquisition of RTI.
Since being acquired by Enact in July 2023, Accrofab has continued to grow from strength to strength and is well positioned to grow through further complementary acquisitions. Enact remains committed towards transforming and growing UK-based SMEs and is proactively seeking the Accrofab Group’s next acquisition.
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