The Loar Group is a platform for the acquisition of companies in the aerospace and defense industries. Formed in 2011, the company became a leading niche supplier of specialty components to the aerospace industry. Loar is led by former executives of McKechnie Aerospace, a highly successful former JLL Partners portfolio company, which was sold in December 2010. Loar benefits from the leadership team’s management, deep industry knowledge and client relationships. Acquisition-led growth allows the management team to drive value by improving customer service, expanding product offerings, driving operational efficiencies, enhancing capabilities and adding engineering expertise.
Build-Up Opportunity: In 2012, JLL completed the acquisition of Freeman Company, the first transaction for the Loar Group platform. The transaction has been followed by four additional bolt-on acquisitions. JLL will continue to explore opportunities in the sector over the next few years as Loar builds critical mass.
Industry Consolidation: JLL partnered with the former McKechnie CFO, Dirkson Charles, to pursue a build-up in the fragmented aerospace industry with the goal of building a niche supplier of specialty components to the aerospace industry.