BOCA RATON, FL – November 1, 2017 — AE Industrial Partners, LLC (“AEI”), a private
equity investor specializing in aerospace, power generation, and specialty industrial businesses,
today announced the acquisition of F.M.I., Inc. (“FMI”), a leading manufacturer of large,
complex aerospace structural components and subassemblies. Terms of the transaction, which
closed yesterday, were not disclosed.

Located in Park City, Kansas, FMI offers a full range of premium forming, machining,
engineering, and complex assembly services to global aerospace customers. FMI provides
critical components on many of the largest commercial aerospace platforms including the 737,
737 MAX, 777, and 787.

“There is no other private equity firm with the depth and breadth of AEI’s aerospace experience,
and we are excited to partner with their team of professionals,” said Rick Nutt, Founder and CEO
of FMI. “We are confident that our management team and our business will take a giant step
forward, backed by the industry experience, strategic vision and financial resources of AEI.”

“FMI is unique in the aerospace industry with vertically integrated and highly efficient
operations, producing complex structural components on the platforms they serve,” said Jon
Nemo, Partner of AEI. “We believe the company has significant potential to grow with its
current customers as well as expand to new customers throughout the growing aerospace
industry. We look forward to partnering with Rick and his team in FMI’s next chapter of
growth.”

Koch Siedhoff Hand & Dunn, LLP provided financial advice to FMI and legal advice was
provided by Klenda Austerman LLC. Kirkland & Ellis LLP served as AEI’s legal advisor.

About FMI
Since 1992, FMI has been an innovative supplier of specialized components, primarily for the
aerospace industry. Located in Park City, Kansas, FMI offers a full range of premium machining
services and market-leading technologies. FMI specializes in large scale parts and complex
subassemblies for the aerospace industry. Over the last 25 years, FMI has demonstrated the
expertise and efficiency required to provide quality products on time, delivering value that keeps
pace with the demands of today’s marketplace. For more information, please visit www.fmiincorporated.com.

About AE Industrial Partners
AE Industrial Partners is a leading private equity firm specializing in control-oriented
investments in aerospace, power generation, and specialty industrial businesses. AEI invests in
market-leading companies that can benefit from its deep operating experience, industry
knowledge, and relationships. Learn more at www.aeroequity.com.

 

Media Contacts for AE Industrial
Owen Blicksilver Public Relations
Carol Makovich
(203) 622-4781
carol@blicksilverpr.com

Jennifer Hurson
(845) 507-0571
jennifer@blicksilverpr.com