Sell Side Advisor
Duff & Phelps Aerospace Defense and Government Services M&A Practice Advised Birken Manufacturing on Its Sale to Enjet Aero
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On May 3, 2021, Enjet Aero, an aero-engine component manufacturer, acquired Birken Manufacturing Company (“Birken” or the “Company”), a leading manufacturer of highly engineered engine assemblies and components used in the aerospace and defense industry.
Duff & Phelps, A Kroll Business, served as the exclusive sell-side advisor to Birken in connection with the transaction.
“We reached the conclusion that our future growth, long-term financial strength, and product expansion to meet our customers’ needs required us to be part of a larger strategic organization. Enjet fits the bill perfectly given their significant experience in the aerospace industry—specifically within the engine component segment. Duff & Phelps was instrumental in advising the Greenberg family throughout the transaction process to this successful outcome,” said Gary Greenberg, the third generation owner of Birken Manufacturing.
About Birken Manufacturing Company
Founded in 1943, Birken Manufacturing Company manufactures highly complex, close tolerance assemblies and components for aerospace turbine engine OEMs and Tier 1 suppliers. The Company specializes in complex turned and milled components and assemblies used in high-stress rotating sections for commercial and military aircraft engines.
The Birken leadership team, led by Gary Greenberg, Adam Greenberg and Gary Connolly, will remain intact and continue to manage its existing and new customer relationships. Birken has developed a unique set of capabilities, including sheet metal assemblies, welding, large complex machining, gear box housings, vanes and struts, and a suite of inhouse cleaning and testing capabilities. The Company maintains strategic positions on the most-coveted next generation engine programs as well as aftermarket spares and support to legacy engine platforms. Birken operates in a 65,000 square foot modern facility in Bloomfield, Connecticut. Morgan, Lewis & Bockius LLP served as legal counsel to Birken.
About Enjet Aero
Enjet Aero, headquartered in Overland Park, Kansas, is an engine component manufacturer of complex machined and fabricated parts and assemblies for commercial and military aircraft engine OEMs. Enjet Aero is comprised of seven operating facilities throughout the Midwest and East Coast. Enjet’s strategy is to be the supplier of choice for aircraft engine OEMs during this period of recovery and beyond. Polsinelli LLP served as legal counsel to Enjet Aero.
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