Danbury-based Alpha Metalcraft Group, a manufacturer of high-precision, highly engineered formed metal components for the aerospace & defense end market, has completed its acquisition of Hanmar LLC. Hanmar represents the first add-on acquisition for AMG following Industrial Growth Partners’ acquisition of AMG in July 2024.
No purchase price was released.
With a history dating back more than 55 years, Hanmar, headquartered in Pacoima, California, manufactures complex, thin-walled parts and assemblies from specialty alloys that are built to tight tolerances for demanding applications in the commercial aerospace, defense, and space end markets. Hanmar specializes in the metal forming industry, manufacturing fluid and gas conveyance systems and other components.
“We are thrilled to welcome Hanmar into the AMG family,” said AMG CEO Alec Searle. “Hanmar’s expertise in metal spinning and deep drawing and commitment to serving mission-critical A&D applications aligns perfectly with our strategic vision. Hanmar deepens our metal forming expertise while providing a highly strategic Southern California location, allowing us to better address our customers’ most challenging and complex metal formed component requirements.”
On May 6, AMG acquired Hanmar. AMG and IGP continue to seek add-on acquisitions that can enhance AMG’s position as a leading provider of engineered components for demanding A&D applications.
“Partnering with AMG marks an exciting new chapter for us,” said Hanmar President Peter Lee. “AMG’s deep industry expertise and strategic support makes it the perfect fit and allows us to enhance our capabilities, expand our reach, and better serve our customers.”
D.A. Davidson & Co. served as exclusive financial advisor to Hanmar, LLC on its sale to AMG.The transaction represents another successful closing by D.A. Davidson’s Aerospace, Defense, and Government Services practice and highlights the continued momentum in D.A. Davidson’s Diversified Industrials Investment Banking Group.
Industrial Growth Partners, a private equity firm with more than $3.4 billion of capital raised since inception in 1997, is a San Francisco-based specialist private investment partnership investing exclusively in middle-market companies in the industrial sector in partnership with management teams.
