AIC Completes Second Add-on Acquisition
Aero Interiors Company (“AIC”), an affiliate of Balmoral Funds, has acquired the assets of ECNC Inc., an aerospace-focused CNC machining and milling business based in Oregon. This acquisition meaningfully expands the breadth of products and services offered by AIC. “Adding a full-scale CNC machining operation enhances AIC’s vertically integrated capabilities. This transaction furthers AIC’s ability to provide best-in-class support to its customers with even quicker turnaround times and high quality machined product,” said David Shainberg, a Principal at Balmoral. This is AIC’s second bolt-on acquisition, following the acquisition of AeroV in 2019.