Engine parts maker Enjet Aero makes four acquisitions

Enjet Aero makes parts for the Pratt & Whitney F135 engine, which powers the F-35 Lightning II. (Pratt & Whitney)

Enjet Aero, which manufactures parts for military and commercial aircraft engines, has made four acquisitions in the past 16 months to expand its production capacity and product offering, according to the US-based company.

The shopping spree began in 2021 with the purchase of Enginetics near Dayton, Ohio, followed by Birken Manufacturing in Bloomfield, Connecticut. Enjet has made two more acquisitions in 2022: Spartan Aerospace in Manchester, Connecticut, which was announced in March, and, Integral Industries in Newington, Connecticut, which was announced in June. Financial terms of the four deals were not disclosed.

Enjet's workforce, which totalled to about 450 employees before the acquisitions, has grown to about 750 employees, Enjet's chief financial officer Christopher Ferraro told Janes on 17 June.

With its sector remaining fragmented and its customers favouring additional consolidation, Enjet plans to continue making about two acquisitions a year. “We could probably do more, but we just want to make sure we do it right and get the benefit of integration,” Ferraro said. “After we make an acquisition, we invest really heavily in equipment that can increase output and reduce cycle times.”

Founded in 2016, Enjet has a total of nine manufacturing facilities in six states. The privately owned company is based in Overland Park, Kansas, near Kansas City.

The military aircraft engines that Enjet makes parts for include the Pratt & Whitney F135, which powers the Lockheed Martin F-35 Lightning II, and the General Electric F414, which powers the Boeing F/A-18E/F Super Hornet.