Onamac Industries, Inc. (“Onamac” or the “Company”) located in Mukilteo, Washington, is a premier machine shop serving the global aerospace industry from the Pacific Northwest. Onamac specializes in milling, turning, and grinding aluminum and hard metals such as titanium, Inconel, and stainless steel. In addition to machining, Onamac provides vendor managed inventory and assembly services. The components manufactured are found in landing gear, wing leading edges, and floor beams among many other subsystems in a variety of aircraft including the Boeing 737, 747, 777 and 787. Onamac’s owners sought a partner who could provide further investment and capabilities to support the Company’s growth with increasing content on a variety of aircraft platforms.
Zachary Scott was engaged as the exclusive financial advisor to represent the owners in the sale of 100% of the stock of Onamac Industries, Inc.
After a targeted search for potential acquirers, Onamac was sold to Selmet, Inc., a worldwide leader in the manufacture of titanium castings based in Albany, Oregon and a portfolio investment of Blue Point Capital Partners. The acquisition supports Selmet’s strategy for providing the highest quality components to the global aerospace industry.