Numet
Status:
Exited
Website:
www.numet.netIn 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.
Thesis
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.
Company
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.
