The acquisition is reported to expand Pursuit’s aeroengine machining and fabrication capabilities, enhancing its ability to serve customers across the aeroengine value chain.
MANCHESTER, Conn.—Pursuit Aerospace, a global manufacturer of complex aircraft engine components, recently completed its strategic acquisition of Leesta Industries, Inc., the company said in a release.
The transaction represents Pursuit’s fifth acquisition since the company’s founding in 2023. Founded in 1964 in the basement of Ernest H. Staub’s Montreal-area home, Leesta has grown into a trusted manufacturing partner to leading aerospace OEMs, including Pratt & Whitney. The company specializes in the machining of flight-safety-critical aeroengine components used across a range of commercial and military aircraft platforms.
The acquisition is reported to expand Pursuit’s aeroengine machining and fabrication capabilities, enhancing its ability to serve customers across the aeroengine value chain. Leesta’s expertise in advanced manufacturing, automation, and technology-driven production further strengthens Pursuit’s capabilities, while establishing a presence within the dynamic Montreal aerospace cluster, the release said.
“Leesta represents a highly strategic addition to Pursuit Aerospace that aligns closely with our growth priorities,” said Doug Folsom, chief executive officer of Pursuit Aerospace, in the release. “This acquisition expands our component offerings on several key Pratt & Whitney engine platforms, deepens the technical capabilities of our aeroengine machining operations, and creates additional opportunities to leverage Pursuit’s integrated forging and casting capabilities.”
“Partnering with Pursuit Aerospace creates exciting new opportunities for both our customers and our employees,” said Leesta President and Chief Executive Officer Ernest A. Staub Jr., in the release. “I am confident Pursuit’s scale, broad capabilities, and commitment to manufacturing excellence will support Leesta’s continued growth and success for years to come.”
Pursuit Aerospace is a global manufacturer of complex, high tolerance components for aeroengine and other aerospace applications. The company provides scaled and vertically-integrated capabilities, include forgings, castings, machined and fabricated parts, and component MRO services. It serves OEM and Tier 1 aerospace and defense customers worldwide through highly integrated processes and lean production systems, the company said.