Argonaut Private Equity is continuing to grow its Fund V portfolio with its acquisition of Pryer Aerospace. Originally founded in 1965 as Pryer Machine & Tool, Pryer Aerospace supports military aviation, commercial aviation, and space programs with complex aerospace structural assembly components supported by precision machining and sheet metal fabrication capabilities. Their experience includes work with top companies like Blue Origin, Boeing, Cessna, Spirit Aerosystems, Gulfstream, etc.
Pryer Aerospace is the latest addition to Argonaut’s Fund V portfolio. And with both companies based in Tulsa, this acquisition aligns with Argonaut’s strategy to partner with Middle America-based businesses in the manufacturing and industrials sectors.
With locations in Tulsa, OK and Claremore, OK spanning 180,000 square feet of operating space, Pryer Aerospace is well-positioned to serve innovative solutions to aerospace customers across the US. Argonaut and Pryer Aerospace plan to work together with their team of over 165 professionals to expand operations into the rapidly growing space launch sector.
Pryer Aerospace is a leading manufacturer of complex aerospace components, specializing in engineering, assembly, and precision machining for the commercial, defense, and space markets. Utilizing advanced technologies and a commitment to innovation, Pryer delivers critical solutions that meet the rigorous demands of global aerospace partners. Its expertise spans from intricate structural components to fully integrated systems, supporting customers with high-quality, reliable products tailored to their specific needs.
KEY QUOTES:
“We are proud to share our recent acquisition of Pryer Aerospace. The company has unmatched expertise and experience and is well positioned to continue its significant growth trajectory. Together, we can become a leading aerospace provider in the region.”
- Steve Mitchell, Argonaut CEO and Managing Director
“We are excited about our partnership with Argonaut. Pryer Aerospace is growing at a very fast pace, and we have many new large programs on the horizon. Argonaut brings financial and operational resources to our company that will enable us to expand our capabilities, capacity, footprint, and products. This will ensure we continue to be a preferred supplier of large complex structural aerospace components to the space, military, and commercial aviation markets.”
- Jeff Landreth, Pryer Aerospace Chief Executive Officer
