On August 28, 2026, Walker Precision Engineering (“Walker”), a leading provider of mission-critical components for the fast-growing missile and airborne advanced technology defence markets, was acquired by Karman Space & Defense (NYSE:KRMN) (“Karman”), a US-headquartered leader in the design, development and production of integrated systems for the space and defence sectors.
Kroll’s Aerospace Defence and Government Services Investment Banking team served as exclusive financial advisor to Walker in connection with the transaction.
Since its inception in 1979, Walker has established multi-decade relationships with key defence primes, developing a vertically integrated one-stop shop performing all critical processes in-house. BGF has held a minority investment since January 2018, and supported the business significantly expand its operations in the UK and mainland Europe with specialist machinery, a purpose-built facility in Basildon and increased capacity at its manufacturing facility in Poland. Following the appointment of CEO George Adams and other new senior leadership members, the business has significantly strengthened its operational capabilities, driving demand for new business.
The acquisition will support Karman’s global expansion, providing a European launch pad to add to its 17 campuses across the US. Walker’s customers and technology capabilities represent a highly complementary fit with Karman’s, providing the joint customer base with an enhanced set of solutions to solve mission critical challenges.