Reliable Manufacturing Company

Business Description

Reliable Manufacturing Company, Inc., a 50 year old aerospace company, was a manufacturer of complex and semi-complex aircraft components and assemblies for the commercial, business and military markets. Reliable designs, engineers, and manufactured high quality parts made from titanium, aluminum, and several varieties of nickel-based alloys. Reliable had particular expertise in making components for the “hot” section of jet engines.


Reliable’s father / son team had driven the Company to a record year.  Having long experience with the ups and downs of the aerospace and defense industry over the years, they decided to sell the Company from a position of strength.


Carter Morse & Mathias was the Company’s exclusive financial advisor in its sale to Whitcraft Group, during exceptionally challenging capital markets in the fall of 2008.  Whitcraft was a strong strategic buyer backed by Golub Capital and Ironwood Capital, who together provided $25 million of mezzanine funding. Senior lenders included Bank of America and Citizens Bank. The acquisition of Reliable enabled Whitcraft to further diversify its customer base, gain access to additional aircraft platforms and provide a broader array of capabilities.