The Magnaghi Aeronautics Group has completed the acquisition of 100% of the Hsm-Blair, the aerospace landing systems supplier, leader in North America, with the support of the Three Hills Capital Partners investment fund. The Group, based in Naples, wholly Italian owned and headed by Paolo Graziano, has defined an international operation that, combined with the implementation of the five-year business plan, will allow the Group to grow significantly in the reference market both in economic terms that industrial.
Magnaghi, which already develops and produces complete landing systems installed on world aeronautical programs of major manufacturers, including Boeing and Airbus, will integrate two manufacturing plants in the United States, strengthening its international presence, which will be able to count on seven industrial sites in Italy , Brazil and the USA, with around 800 global employees.
The acquisition transaction was supported by the Three Hills Capital Partners international investment fund, based in London but with an Italian head. THCP has been successfully dedicating itself for years to supporting the excellence of European entrepreneurs who want to make a qualitative leap in the internationalization of their business. Italy has always been one of the key countries for THCP where it has made major investments in Aquafil, Dedalus and Building Energy companies.
"This acquisition - explains Giorgio Zappa, president of the Magnaghi Aeronautica Group - marks a key moment in Magnaghi's international expansion, expanding its global capabilities and increasing the offer of products and services on complementary activities, acquiring important new programs. and diversified content. "Hsm-Blair is headquartered in Long Island (New York), where it operates one of two industrial complexes (the other is in North Carolina), its product lines are mainly focused on the construction of landing gear and hydraulic systems for fixed and rotary wing aircraft Among its customers include important companies related to both civil aviation and American military. "We are excited to create an integrated group that will constantly invest in innovative products - says Marco Cavazzoni, president of Magnaghi Americas, we will immediately put the Group's technologies and engineering capabilities into operation Magnaghi Aeronautica in Hsm-Blair and we will share the know-how among the various global sites to increase efficiency and customer satisfaction ".
The delicate acquisition operation on the Italy-USA axis received very quickly the authorization of the CFIUS, the Committee on Foreign Investments in the United States, a particularly significant figure, since Hsm-Blair also manufactures components for military purposes. “This transaction - concludes Giorgio Iannotti, GM Business & Product Development of the Magnaghi Aeronautica Group - will allow us to increase our presence on the US market, offering, at the same time, a better and wider“ service ”to customers all over the world.
It is a step forward in the Group's internationalization process and brings significant and immediate strategic advantages, reinforcing Magnaghi's global competitive position ".
"Supporting successful entrepreneurs in accelerating their growth plans, contributing to the necessary capital increase, underpinned the decision to launch our investment strategy ten years ago - says the founder of Three Hills Capital Partners, Mauro Moretti . MAG perfectly represents what we are looking for in our target companies: innovation,
international breath and a fully dedicated management team. We are grateful to dr. Graziano and his team for making us part of this journey. "
"We are delighted to be able to support MAG in its expansion on the US market - underlines Michele Prencipe, partner and manager for Italy of Three Hills Capital Partners - We are also excited to support the company in pursuing the future opportunities both of organic growth and of further internationalization. "
Finally, the lawyer Stefano Speroni, of the Dentons international law firm, and the lawyer Massimiliano Calabrò, partner of the international law firm Gianni, Origoni, Grippo, Cappelli & partners took care of all the legal aspects of the acquisition.
Hsm-Blair
Hsm-Blair is a group of companies with plants in Long Island and North Carolina, specialized in the production of landing systems and complex aeronautical components operating in the aeronautical market by 1951. It is present on the main American Defense aviation programs such as: LMAero F35 JSF, Boeing AH-64, LMAero-Sikorsky S76 and MH-60.
Magnaghi Aeronautics
Magnaghi Aeronautica is the operating parent company of leading companies in the aerospace industrial segment. Magnaghi Aeronautica designs, manufactures and manufactures hydraulic and electro-mechanical landing and actuation systems for fixed and rotary wing aircraft, civil aviation and defense.
The Magnaghi Aeronautics Group, with more than 80 years of experience, participates in the main aeronautical programs worldwide, such as ATR 72 / 42, C27J, MH60, NH90 AW 169, Boeing 787 and Bombardier Cseries.
Within the Group they operate:
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Salver, specialized in the development and production of aeronautical structures in advanced high performance composite materials.
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Metal Sud, a company specialized in surface treatments and special processes for the protection of aeronautical components.
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Magnaghi Brazil, specialized in the production of assemblies and aeronautical components. The main customers include Embraer.
Three Hills Capital Partners
Three Hills Capital Partners is an innovative investment platform, specializing in providing flexible capital solutions to mid-sized European companies. The goal of THCP is to form lasting and successful partnerships with entrepreneurs and management teams, helping them to develop the potential of their business. THCP manages a large number of investment funds with an underlying value of companies financed above 3 billion. Among the companies funded are: Aquafil, Dedalus, Building Energy, Pelostop, Tomorrow London, Byron and Genius Sports Group.
