Accrofab

Summary

In July 2023, the Enact Fund, managed by Endless LLP, supported a Management Buy‑Out of the Derby and Alcester sites of Bromford Industries, establishing Accrofab as an independent precision engineering group focused on aerospace and power generation markets.

The Opportunity

Accrofab is a leading UK precision engineering business specialising in the manufacture of complex fabricated and machined components for aerospace, defence and power generation applications.
At the point of investment, the Derby and Alcester sites combined:

• Strong operational capability and technical expertise
• Established positions on key aerospace programmes
• Long-standing relationships with global OEM and Tier 1 customers

The transaction created an opportunity to:

• Support management in building an independent platform focused on growth
• Invest in operational capability and capacity to meet increasing aerospace demand
• Enhance the Group’s commercial positioning and broaden its customer offering
• Develop a scalable platform for further expansion, including through targeted acquisitions

The Impact

Working in partnership with management, Enact has supported Accrofab’s development into a focused, growth-oriented engineering group.

Key areas of focus have included:

• Establishing a standalone platform: Supporting the transition to an independent group with its own operational and commercial strategy
• Investment in capability: Enhancing manufacturing capacity and broadening technical capabilities across key processes
• Strategic bolt-on expansion: Completing the acquisition of Advanced Titanium Forming (formerly RTI Advanced Forming Limited) to extend the Group’s offering in high-value fabrication and diversify its market exposure[endlessllp.com]
• Refinancing: Partnering with Cynergy Bank to provide flexible working capital facilities, supporting investment in the Group’s value creation plan
• Delivering growth: Achieving significant revenue and profit growth, with future performance underpinned by a growing customer order book and a strong pipeline of opportunities

Accrofab is now well positioned as a high-quality supplier of precision-engineered components to global aerospace and industrial customers, with a clear trajectory for continued growth.