ATI Divests East Hartford Operations to Barnes Aerospace
Deal News | Aug 11, 2025 | Mesirow Financial Private Equi
Mesirow, an independent financial advisory firm based in Chicago, has announced its role as the exclusive financial advisor to ATI in the sale of its East Hartford Operations (EHO) to Barnes Aerospace. EHO is known for machining critical flight-safety components for both commercial and defense aviation sectors. The divestiture highlights Mesirow's expertise in aerospace and defense transactions, building on its extensive experience of over 350 completed transactions across various verticals. Adam Oakley, Senior Managing Director and Co-Head of Investment Banking at Mesirow, expressed pride in representing ATI, a company with a 75-year legacy in high-performance materials for aerospace, defense, electronics, medical, and specialty energy markets.
Sectors
- Aerospace & Defense
- Investment Banking
Geography
- United States – The companies involved are based in the US, with the divested operations located in East Hartford, CT.
Industry
- Aerospace & Defense – The transaction involves the sale of East Hartford Operations, which provides critical components for the aerospace and defense sectors.
- Investment Banking – Mesirow's role as a financial advisor in the transaction underlines the investment banking industry's involvement.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mesirow Financial | Financial Advisor | Company | An independent, employee-owned financial services firm that acted as the exclusive financial advisor in this transaction. |
| ATI (Allegheny Technologies Incorporated) | Selling Company | Company | A global producer of high-performance materials for various industries, selling its East Hartford Operations. |
| Barnes Aerospace | Bidding Company | Company | The acquirer of ATI's East Hartford Operations. |
| Adam Oakley | Senior Managing Director and Co-Head of Investment Banking | Person | A key figure at Mesirow involved in the transaction. |