Cyprium Completes Investment in Albers Aerospace to Support Strategic Acquisitions and Future Growth
Cyprium Partners, a middle-market private equity firm specializing in non-controlling investments, has completed a subordinated debt and preferred equity investment in Albers Aerospace. Albers marks the second investment from Cyprium Fund VI. Cyprium’s investment will be used to help the company identify and acquire complementary businesses serving the defense industry. Since the closing of Cyprium’s investment, Albers has closed two add-on acquisitions, Parallel Ventures and IOMAX, and is seeking additional acquisition opportunities.
Albers was founded in 2015 by John Albers, a retired Colonel in the U.S. Marine Corps, to provide products and services that bring critical capabilities to the U.S. Defense industry. Headquartered in McKinney, Texas, Albers provides a broad range of precision machined products, aviation support, maintenance services and systems engineering capabilities along with an innovation arm focused on solving national security problems. With operations in seven states and multiple overseas markets, Albers has enjoyed significant growth over the last decade, benefitting from organic expansion and several strategic acquisitions, including four in the past six months.
Cyprium’s investment supported Albers’ recent acquisitions of Parallel Ventures in February and IOMAX in April. Parallel Ventures is a highly specialized CNC machining business, providing complex components to the missile defense industry. IOMAX provides turnkey solutions for integrating advanced avionics, sensors and weapon systems into various aircraft platforms. The acquisitions of Parallel Ventures and IOMAX aim to address the increasing demand for high-quality, mission-critical products and services from non-prime subcontractors, reinforcing Albers’ commitment to quality, reliability and mission success.
“I was thrilled to meet the team at Cyprium when we were introduced. They moved quickly, yet with sound practices and an eye towards being supportive of my goals and business needs, said John Albers, Founder & CEO. “Since joining with us, we have found nothing but solid support and a great partner in our quest to be a significant value player in the defense industrial base.”
“We have been tremendously impressed with the depth of talent across the Albers organization. John Albers and the entire leadership team have worked diligently to align the organization as it collectively works to acquire, develop and improve solutions for the U.S. Defense industry,” said Beth Haas, a Partner at Cyprium. “We are pleased to support John and his entire team as they execute their growth plan.”
Albers Aerospace is actively looking for add-on acquisitions that meet the following criteria:
- Providers of precision manufacturing, metal fabrication, aviation support, maintenance services, systems engineering and/or other providers of products and services to the defense industry
- Minimum revenues: $5 million
- Geography: United States
Please reach out to Taylor Richard by email at trichard@cyprium.com to discuss any add-on acquisition opportunities for Albers.
About Albers Aerospace
Albers is a next-generation aerospace and defense contractor, providing cutting-edge solutions across aviation, engineering, innovation, sensors and industrials. With a strong focus on delivering mission-critical products and services, Albers remains dedicated to advancing aerospace technology and supporting national security initiatives. Learn more at albers.aero.com.
About Cyprium Partners
Cyprium Partners is a private equity and mezzanine firm focused on non-controlling investments in profitable middle-market companies, allowing company owners and their management teams to retain a controlling interest in their businesses. Cyprium provides common equity, preferred stock, subordinated debt, or any combination thereof, offering flexibility and increasing the certainty of close.
With offices in Cleveland, New York, and Chicago, the firm invests $5 million to $60 million per transaction in U.S. and Canadian companies with $4 million or more of EBITDA. Since its founding in 1998, the team has invested over $2.0 billion in 104 platform investments throughout North America.