15 April 2024 — JJG Aero, an aerospace components manufacturer, secures $12 million in funding from private equity firm CX Partners for expansion and corporate initiatives.
The funds will primarily be utilized to increase manufacturing capacity at a new facility, enhance vertical integration, and support other corporate initiatives.
Company Background
Founded in 2008, JJG Aero specializes in custom machined components for the commercial aerospace, automotive, and industrial sectors. It serves original equipment manufacturers (OEMs) and tier-1 vendors in the US and Europe.
JJG Aero has achieved a remarkable growth rate of 35% annually over the past three years, showcasing its strong capabilities, compliance standards, customer relationships, and industry certifications.
Anuj Jhunjhunwala, founder and CEO of JJG Aero, expressed confidence in the company’s position to grow rapidly, citing its decade-long focus on building best-in-class capabilities.
The aerospace sector is experiencing high demand in its supply chain, particularly from aircraft manufacturers. Legacy vendors are facing challenges in meeting this demand, leading to production delays for new planes.
JJG Aero plans to utilize the funding to set up an additional facility dedicated to the aerospace segment, further enhancing its manufacturing capabilities.
Vivek Chhachhi, managing partner at CX Partners, highlighted the strong industry tailwinds in aerospace parts and component manufacturing. He believes JJG Aero is well-positioned to capitalize on these opportunities and strengthen its market presence.
Conclusion
The funding from CX Partners reflects investor confidence in JJG Aero’s growth potential and strategic initiatives in the aerospace manufacturing sector.
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