A recent Hartford Business Journal article examined growing acquisition activity among aerospace and advanced manufacturing suppliers, including efforts to bring family-owned machine shops together under common ownership as manufacturers respond to increased demand and evolving supply chain needs.
When asked about the trend, I noted that while buyers remain active, many business owners are evaluating opportunities through a broader lens than purchase price alone:
“Not all privately held suppliers in Connecticut [and beyond] are choosing the top buyer, the top dollar. They’re also concerned about their employees. I would say that most of our client base is focused on ‘what is your plan for the future of this company?’”
That perspective reflects an important reality in today’s manufacturing market. For many founders and family-owned businesses, a potential transaction is not simply a financial event—it’s a decision about the future of the workforce, customer relationships, and legacy they’ve spent years building.
We’re also seeing continued demand for manufacturers with specialized capabilities, particularly those serving the aerospace and defense sectors. As supply chains continue to evolve and domestic production capacity becomes increasingly important, strategic buyers are seeking businesses that can help meet growing market demand.
For owners considering succession planning, growth opportunities, or a future sale, the current environment highlights the importance of planning ahead. The strongest outcomes often come from understanding your options early and identifying partners whose long-term vision aligns with your goals for the business.
For additional insights, read the full Hartford Business Journal article: With $75M, CT-Based Acquisition Firm Targets Family-Owned Machine Shops to Build Aerospace Supplier.