Pursuit Aerospace Acquires Leesta Industries to Expand Range of Served Aeroengine Platforms

MANCHESTER, Conn.--(BUSINESS WIRE)--Pursuit Aerospace (“Pursuit”), a global manufacturer of complex aircraft engine components, today announced the completion of its strategic acquisition of Leesta Industries, Inc. (“Leesta”). 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 expands 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.

“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. “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.”

Ernest A. Staub Jr., President and Chief Executive Officer of Leesta, added: “Partnering with Pursuit Aerospace creates exciting new opportunities for both our customers and our employees. 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.”

About Pursuit

Pursuit Aerospace (www.pursuitaero.com) is a leading global manufacturer of complex, high tolerance components for aeroengine and other aerospace applications. Pursuit provides scaled and vertically-integrated capabilities, include forgings, castings, machined and fabricated parts and component MRO services. The company serves OEM and Tier 1 aerospace and defense customers worldwide through highly integrated processes and lean production systems.