In September 2011, KCO made an investment in Numet. The founders and owners of the business made a substantial ongoing investment. Numet was acquired by Bromford Industries in November 2019.
Capitalize on trends in the gas turbine engine supply chain to create a leading manufacturer of high-precision, low-run parts and components for use in aerospace and defense, power generation and other end use markets.
For more than 25 years Numet has been a leading supplier of high precision parts for use in gas turbine engines for commercial and military customers in the aerospace industry.
KCO Value Add
Recruited and hired CEO and CFO, prior to close.
Created detailed 100-Day Plan to guide executional priorities.
Formed formal Board of Directors with outside industry expert participation.
Introduced formal strategic planning and budgeting process.
Consolidated and relocated four sub-optimal facilities into one new state-of-the-art facility with room for growth.
More than tripled backlog in less than three years.
Funded more than $5 million of expansion capital expenditures for initial platform creation and future growth.
Applied enhanced financial reporting and controls, including flash reports, operational dashboard and audited financial statements.
Hired new VP of Operations and new Quality Manager.
Implemented new ERP financial and manufacturing system.
Improved operational scheduling, on-time tracking and backlog reporting.
Overhauled employee benefits and welfare programs to provide substantially better options for employees at lower cost.