Aeromax Industries has acquired The Ely Company, a precision aerospace machining company. The acquisition marks the first add-on completed since Chimney Rock Equity Partners acquired Aeromax from Crosslake Group in September 2025.
Ely is a maker of tight-tolerance metallic components, machined parts and assemblies used by commercial and military aerospace manufacturers. The Torrance, California-headquartered company was founded in 1955 and serves an array of blue-chip aerospace customers.
Aeromax is a distributor and manufacturer of aftermarket parts used in commercial and military aerospace applications. The company operates facilities in Florida, Texas, and California.
Austin-headquartered Chimney Rock was founded in 2022 by Messrs. Aikman and Bishop, both former investment professionals at Odyssey Investment Partners, and invests in North America-based lower middle-market industrial businesses across aerospace and defense, industrial products and services, and niche products sectors.
