Paradigm Precision acquires 8 manufacturing facilities

Paradigm Precision, a Dynamic Precision Group portfolio company that is part of the Carlyle Group and AeroEquity, has closed its acquisition of eight aerospace component fabrication and machining facilities located on three sites in the U.S., Canada, and the UK from Unison Engine Components, a subsidiary of GE Aviation. 

 

Originally announced in September 2013, the acquisition significantly expands Paradigm Precision’s capabilities for design and precision manufacturing of components used in commercial and military gas turbine engines used in aviation, marine, and industrial applications. The sites, which employ 825 people, are located in Manchester, Conn.; Burnley, Lancashire, UK; and Orillia, Ontario, Canada. 

 

President and CEO of Paradigm Precision, Greg Bennett, said, “We are excited about the addition of these assets and the strong employee base and technical know-how they bring to Paradigm Precision. This acquisition will enable us to expand our capabilities and better serve our customers.” 

 

Adam Palmer, managing director and head of Carlyle’s global aerospace, defense and government services team, said, “We are impressed with the diverse capabilities and product portfolio these businesses will add to Paradigm Precision. This transaction will substantially contribute to our goal of building a well-capitalized, highly capable supplier to the aero engine market.” 

 

Paradigm Precision, based in Stuart, Fla., is an independent manufacturer of complex components, specializing in the combustion, or “hot section,” of turbine engines used in commercial and military aviation.