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February 24, 2025

New aerospace supply chain company establishes itself with CT acquisition

By Harriet Jones

A newly formed company, Stronvar Aerospace, has acquired a legacy manufacturer in South Windsor, the first move in what it says is a strategic plan to build a group serving the aero engine supply chain.

Privately held Electro Methods Inc. was founded in 1965 and has around 230 employees in its six-facility campus. It is a Tier 1 supplier of fabricated assemblies to jet engine makers. It provides services in welding, machining and process technologies, working with specialized aerospace alloys. 

Over its history it has supplied parts to more than 65 different aero engine platforms across commercial, defense and industrial applications.

Stronvar Aerospace  is led by CEO Craig Gallagher, formerly the founder and CEO of MB Aerospace and CFO Gregor Goodwin, also formerly of MB Aerospace.

UK-based MB Aerospace was bought by Bristol-based Barnes Group in 2023, at the time the group’s largest ever acquisition.

The acquisition of EMI by Stronvar is supported by an investment from private equity group Blackstone.

“We are delighted to complete the acquisition of EMI as a cornerstone of the Stronvar platform, and to partner with Blackstone again,” Craig Gallagher said in a statement announcing the acquisition. “EMI is trusted by leading OEM customers to manufacture some of the most complex assemblies in the industry, and our goal here is to build on the high-performance culture and exceptional engineering quality signature with which they do that.”

Bill Soucy, formerly the vice president of operations at EMI will become president and general manager of the acquired company. Former president Randy Fries becomes vice chairman.

Stronvar is establishing a presence in the industry at a time when the ramp up of commercial and military aerospace demand is being hampered by continuing supply chain issues, which have persisted since the COVID pandemic.
 

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