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Defense Speak Interpreted: SWaPing Nanosatellites for Defense SystemsPursuit Aerospace Announces Completion of Strategic Acquisitions to Advance Growth
October 8, 2024 | PRNewswireEstimated reading time: 1 minute
Pursuit Aerospace, a global manufacturer of complex aircraft engine components, announced it has completed the strategic acquisitions of both Prescott Precision Die, Inc. and Merc Aerospace, Ltd.
“We are thrilled to welcome the Prescott and Merc teams to Pursuit Aerospace,” said Doug Folsom, Chief Executive Officer of Pursuit. “These acquisitions bring complementary capabilities and broaden Pursuit’s geographic presence in the Southwestern US and in the UK.”
“Prescott and Merc both focus on providing best-in-class quality, enhancing our leading position in engine component manufacturing,” added Ben Adams, Chief Commercial Officer. “We are excited to continue expanding our customer relationships across Prescott, Merc and future acquisitions.”
Founded in 1984, Prescott Precision is an Arizona-based manufacturer of tight tolerance turbine engine components for the aerospace & defense industry. Prescott’s advanced machining capabilities are supported by a wide range of services including heat treat and non-destructive testing.
“I chose to partner with Pursuit due to their unwavering focus on customer service, their respect for employees and their desire for continuous improvement,” stated Dane O’Brien, President and owner of Prescott Precision. “Pursuit’s focus, scale and broad capability set will only help strengthen Prescott’s position and ability to serve our customers.”
Founded in 1970, Merc is a UK-based provider of precision machining services for the aerospace & defense and power generation industries. Merc’s machining capabilities are supported by a wide range of services, including CMM inspection and plating.
“We have witnessed firsthand Pursuit’s unwavering focus on quality and service over the years, making our decision to join the Pursuit family easy,” stated Richard Meade, Managing Director and owner of Merc. “We look forward to executing on and realizing the benefits that the combination with Pursuit will bring.”
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