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Mesirow Advises ATI on the Sale of ATI's East Hartford Operations to Barnes Aerospace

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ATI (NYSE:ATI), a global producer of high-performance materials for aerospace and defense markets, has announced the sale of its East Hartford Operations (EHO) to Barnes Aerospace. The transaction was facilitated by Mesirow, acting as the exclusive financial advisor.

EHO, located in Connecticut, is a specialized manufacturer of flight-safety critical rotating hardware, including rotor hubs, rotorcraft components, and jet engine discs for both commercial and defense aerospace sectors. The facility has built a strong reputation over 75 years of operations.

This deal represents another successful aerospace & defense corporate carve-out transaction for Mesirow Investment Banking, which has completed over 350 transactions across its verticals.

ATI (NYSE:ATI), produttore globale di materiali ad alte prestazioni per i settori aerospaziale e della difesa, ha annunciato la vendita della sua East Hartford Operations (EHO) a Barnes Aerospace. L'operazione è stata gestita da Mesirow, che ha agito come consulente finanziario esclusivo.

Situata nel Connecticut, EHO è un produttore specializzato di componenti rotanti critici per la sicurezza del volo, tra cui mozzi del rotore, parti per velivoli a rotore e dischi per motori a reazione destinati ai settori aerospaziale commerciale e della difesa. Lo stabilimento vanta una solida reputazione maturata in 75 anni di attività.

Per Mesirow Investment Banking, questo accordo rappresenta un'altra operazione di carve-out riuscita nel comparto aerospaziale e della difesa: la società ha completato oltre 350 transazioni nei propri verticali.

ATI (NYSE:ATI), productor global de materiales de alto rendimiento para los mercados aeroespacial y de defensa, ha anunciado la venta de su East Hartford Operations (EHO) a Barnes Aerospace. La transacción fue gestionada por Mesirow, que actuó como asesor financiero exclusivo.

Con sede en Connecticut, EHO es un fabricante especializado en componentes rotativos críticos para la seguridad de vuelo, incluidos cubos de rotor, piezas para aeronaves de rotor y discos de motores a reacción para los sectores aeroespacial comercial y de defensa. La planta ha consolidado una sólida reputación a lo largo de 75 años de actividad.

Este acuerdo constituye otra exitosa operación de carve-out en el ámbito aeroespacial y de defensa para Mesirow Investment Banking, que ha completado más de 350 transacciones en sus verticales.

ATI (NYSE:ATI), 항공우주 및 방위 시장용 고성능 소재의 글로벌 제조업체인 ATI는 자사의 East Hartford Operations (EHO)을 Barnes Aerospace에 매각했다고 발표했습니다. 이번 거래는 전속 재무 자문사로 활동한 Mesirow가 중개했습니다.

코네티컷에 위치한 EHO는 비행 안전에 중요한 회전 부품—로터 허브, 회전익 부품 및 민간·군용 제트 엔진 디스크 등을 전문적으로 제조하는 업체입니다. 이 시설은 75년에 걸친 운영을 통해 탄탄한 평판을 쌓아왔습니다.

이번 거래는 Mesirow Investment Banking이 항공우주·방위 분야에서 성사시킨 또 하나의 성공적인 카브아웃 거래로, 해당 기관은 자사 분야에서 350건 이상의 거래를 완료했습니다.

ATI (NYSE:ATI), producteur mondial de matériaux haute performance pour les marchés aéronautiques et de défense, a annoncé la vente de ses East Hartford Operations (EHO) à Barnes Aerospace. L'opération a été orchestrée par Mesirow, qui a agi en tant que conseiller financier exclusif.

Basée dans le Connecticut, EHO est un fabricant spécialisé dans les composants rotatifs critiques pour la sécurité du vol, tels que les moyeux de rotor, les pièces pour voilures tournantes et les disques de moteurs à réaction destinés aux secteurs aéronautique civil et militaire. L'installation s'est forgée une solide réputation au cours de ses 75 ans d'activité.

Cette transaction représente une nouvelle opération de carve-out réussie pour Mesirow Investment Banking dans l'aérospatial et la défense ; la banque a réalisé plus de 350 transactions dans ses secteurs.

ATI (NYSE:ATI), ein globaler Hersteller hochleistungsfähiger Materialien für die Luft- und Raumfahrt sowie die Verteidigungsbranche, hat den Verkauf seiner East Hartford Operations (EHO) an Barnes Aerospace bekanntgegeben. Die Transaktion wurde von Mesirow begleitet, das als exklusiver Finanzberater fungierte.

Die in Connecticut ansässige EHO ist ein spezialisierter Hersteller von flug-sicherheitskritischer rotierender Hardware, darunter Rotornaben, Bauteile für Drehflügler und Triebwerkscheiben für die zivile und militärische Luftfahrt. Die Anlage verfügt über einen ausgezeichneten Ruf nach 75 Jahren Tätigkeit.

Für Mesirow Investment Banking stellt dieser Abschluss eine weitere erfolgreiche Carve-out-Transaktion im Luft- und Raumfahrt-/Verteidigungsbereich dar; das Haus hat in seinen Geschäftsbereichen mehr als 350 Transaktionen abgeschlossen.

Positive
  • Strategic divestiture allowing ATI to focus on core operations
  • Sale of a well-established business with 75-year operating history
  • Transaction strengthens ATI's financial position through asset monetization
Negative
  • Loss of revenue stream from flight-safety critical components business
  • Reduction in ATI's aerospace manufacturing capabilities

Insights

ATI's divestiture of East Hartford Operations to Barnes Aerospace streamlines portfolio while raising capital for potential core aerospace growth investments.

ATI (NYSE:ATI) has completed the sale of its East Hartford Operations to Barnes Aerospace, representing a strategic portfolio rationalization for the high-performance materials producer. This Connecticut-based facility specializes in flight-safety critical rotating hardware including rotor hubs, rotorcraft components, and jet engine discs for both commercial and defense aerospace markets.

This transaction appears to be part of ATI's ongoing portfolio optimization strategy. By divesting a non-core but valuable aerospace component manufacturing operation, ATI likely aims to concentrate resources on its primary materials production capabilities while potentially unlocking capital that can be redeployed. The East Hartford Operations has built significant market credibility over its 75+ year history, making it an attractive acquisition target for Barnes Aerospace, which can integrate these manufacturing capabilities into its existing aerospace components business.

While financial terms weren't disclosed, the transaction's completion suggests the valuation met ATI's requirements. For investors, this divestiture signals ATI's disciplined approach to capital allocation and business focus. The company can now direct more attention and resources toward its core competencies in high-performance materials for aerospace, defense, electronics, medical, and specialty energy applications. This type of strategic pruning often results in improved operational efficiency and potentially higher returns on invested capital across the remaining business segments.

  • East Hartford Operations is a leading supplier of flight-safety critical components and assemblies for the commercial and defense aerospace sectors.
  • Mesirow acted as the exclusive financial advisor on this corporate divestiture transaction, highlighting the firm's continued success in the aerospace & defense sector.

CHICAGO, Aug. 13, 2025 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, today announced it acted as the exclusive financial advisor to ATI (NYSE:ATI) on the sale of its East Hartford Operations ("EHO") to Barnes Aerospace.

ATI is a global producer of high performance materials and solutions for the aerospace and defense markets, and critical applications in electronics, medical and specialty energy. Located in East Hartford, CT, EHO specializes in the machining of flight-safety critical rotating hardware, including rotor hubs, rotorcraft components, and jet engine discs, serving both the commercial and defense aerospace sectors.

"It was an honor to represent ATI on this transaction, and we are thrilled to have reached a successful outcome. The Company has built a stellar reputation in the market by providing quality products and best-in-class customer service for over 75 years," said Adam Oakley, Senior Managing Director and Co-Head of Investment Banking at Mesirow.

The transaction marks another successful aerospace & defense corporate carve-out transaction completed by Mesirow Investment Banking. In recent years, the firm has completed more than 350 transactions across its verticals. With deep industry expertise, long-standing client relationships, and a commitment to delivering tailored solutions, Mesirow continues to build a proven track record of highly successful transactions.

About Mesirow
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking and Advisory Services, we invest in what matters: our clients, our communities and our culture.

Mesirow has been named one of the Best Places to Work in Chicago by Crain's Chicago Business multiple times and is one of Barron's Top 100 RIA firms. To learn more, visit mesirow.com, follow us on LinkedIn and subscribe to Spark, our quarterly newsletter.

About EHO
The EHO facility is a leading supplier of flight-safety critical components and assemblies with a 75+ year operating history. EHO has a core competence in flight-safety critical rotating hardware and specializes in machining (milling and turning) rotor hubs, rotorcraft components, and jet engine discs, among other critical aerospace and defense parts. EHO is located in East Hartford, CT.

Media
mediainquiries@mesirow.com
Michael Herley | 203.308.1409

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with ATI East Hartford Operations, Barnes Aerospace, Apollo Global Management or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2025. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

2022 Crain's Best Places to Work (Received August 2022 reflective of previous 12 months – Licensing fees paid post award for use of the ranking). Best Companies Group (BCG), an independent workplace excellence research firm, conducted a two-part survey. Part one, consisted of an employer questionnaire, used to collect information about benefits, policies, practices, and other general information. Part two was a confidential 77-question employee survey used to evaluate local employee's workplace experience and culture. Rankings and/or recognition by unaffiliated rating services and/or publications are not indicative of a firm's future performance nor do they evaluate the quality of services provided to clients or guarantee that he/she will experience a certain level of results if Mesirow is engaged, or continues to be engaged, to provide investment advisory services, nor should they be construed as a current or past endorsement of Mesirow by any of its clients.

2023 Barron's Top RIAs (Received September 2023 for the year 2022 – Licensing fees paid post award for use of the ranking). In order to be considered for the Barron's 2023 Top RIA Firms list, applicants were required to complete a 145-question survey, with the firm's ADV informing the majority of responses. Firms were also required to meet a number of other specified requirements to be eligible for inclusion. Firms were ranked based on various qualitative and quantitative factors, including assets managed, the size and experience of teams, regulatory records of the advisors and firms, technology spending, staff diversity, organic and M&A growth, client segmentation as well as succession planning.

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SOURCE Mesirow Financial Holdings, Inc.

FAQ

What assets did ATI sell to Barnes Aerospace in 2025?

ATI sold its East Hartford Operations (EHO), a manufacturer of flight-safety critical rotating hardware including rotor hubs, rotorcraft components, and jet engine discs for aerospace sectors.

What does ATI's East Hartford Operations manufacture?

ATI's East Hartford Operations specializes in manufacturing flight-safety critical rotating hardware, including rotor hubs, rotorcraft components, and jet engine discs for commercial and defense aerospace sectors.

Who advised ATI on the East Hartford Operations sale?

Mesirow acted as the exclusive financial advisor to ATI on the sale of its East Hartford Operations to Barnes Aerospace.

How long has ATI's East Hartford Operations been in business?

ATI's East Hartford Operations has been providing quality products and customer service for over 75 years.

What is ATI's main business focus?

ATI is a global producer of high-performance materials and solutions for aerospace and defense markets, as well as critical applications in electronics, medical and specialty energy sectors.
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