ASG Group Secures Additional Investment from its Shareholders, Paving the Way for Future Growth
Ambitious aerospace manufacturing supplier ASG Group, has announced a significant milestone in its strategic evolution with the latest capital injection from Illinois-based alternative investment manager Magnetar, providing a strong financial foundation for the Company's future endeavours.
This transaction marks a pivotal moment for ASG Group, enabling the centralisation of group services and capabilities under the newly branded 'ASG Aerospace' division. This reorganisation is designed to streamline operations and position the company to secure strategic long-term agreements (LTAs) with major aerospace OEMs which have now resulted in the firm achieving record order growth.
Simon Weston, Group Managing Director of ASG Group, discussed the importance of this development: “The investment from Magnetar Capital places ASG Group on a very sound financial footing. With optimal gearing and an ambitious programme of investment already under way, it allows us to focus on winning the right work, particularly through strategic LTAs with major aerospace OEMs. Our aim is to leverage this support to enhance our capabilities and ensure we deliver exceptional value to our world class clients.”
Alan Shaffran, Senior Portfolio Manager and Partner at Magnetar, expressed his confidence in ASG Group’s potential: “Since our initial involvement with ASG Group in December 2019, we have been consistently impressed with the company’s commitment to excellence, innovation, and customer satisfaction. We maintain confidence in the company’s vision and capabilities, and look forward to continuing to support their growth and strategic initiatives.”
ASG Group is a leading aerospace supplier specialising in the production of high-precision aerospace assemblies, engine components, flight control systems, large fabrications and surface treatments. The company serves prestigious clients such as Airbus, Boeing, Rolls Royce, and ITP, with operations spread across eight locations in the UK and Germany.
Jason Aldridge, Managing Director of ASG Arrowsmith, spoke on the impact of the new investment: “This financial backing allows us to build on our existing relationships with industry stakeholders. Our focus on trust, transparency, and consistent delivery has been crucial in securing these LTAs, and we are now better positioned to meet the evolving needs of our aerospace clients.”
Jeremy Ridyard, Managing Director at Produmax, highlighted the role of collaboration in his division: “The recent transaction enhances our ability to foster increasing trust and cooperation with our partners. The impressive machine investment had driven ASG Produmax to new heights. By centralising our capabilities under ASG Aerospace, we can offer even greater value and precision in our services, further solidifying our long-term commitments.”
ASG Group’s narrative is one of evolution and adaptation, rooted in a steadfast commitment to customer satisfaction and supply chain integration. Under the leadership of Simon Weston, the company is recognising its strength in the seamless integration of processes, technologies, and human capital across its global footprint.
“As we confront the reality of diverse regulatory landscapes and logistical complexities which come with vertical integration, it is precisely this expertise in problem solving that enriches ASG Aerospace’s capabilities,” said Weston. “By leveraging data analytics and predictive modelling, we anticipate market dynamics, mitigate risks, and capitalise on emerging opportunities.”
Empowered by a shared vision of excellence, ASG Group’s site leaders remain committed to delivering world-class solutions tailored to the unique needs of their esteemed clientele. As the company forges ahead with confidence, fortified by the knowledge that unity and collaboration drive success, ASG Group stands poised to lead the aerospace industry into a new era of innovation and growth.