TORONTO, January 31, 2023 – Brookside Capital Partners is pleased to announce today that they have acquired minority ownership in Formula Solutions Inc. (FSI).
Brookside's investment provides additional underpinning to support the robust automation, industrialization, and quality of FSI's engineered carbon fiber products. The Company is aggressively building out its production capacity, and looks to broaden the airframes it operates on and extend its client set, all while developing innovative aerospace parts.
"FSI designs, engineers and manufactures complex products that deliver meaningful value to its aerospace supply chain partners" said David Hass, Managing Partner of Brookside. "We are excited and share management's vision and aspirations for FSI's future. The Company is achieving high-volume manufacturing requirements in next-generation composite aero structures."
“Brookside's ownership is an important milestone in the continued development of our business" said Gerry Kavanaugh, President and CEO of FSI. “We believe Brookside's partnership with us will yield insights and guidance as we execute our strategic plan and navigate the growth of our business."
About Formula Solutions Inc.
Formula Solutions is an advanced composites design, engineering and manufacturing company with lineage as an industry leader in Vacuum Assisted Resin Transfer Moulding. FSI focuses on aerospace composites and is more innovative and faster to the market than its competition. The company is headquartered in Burlington with over 50,000 sq. ft. of engineering and manufacturing space. FSI is AS9100D and ISO9001:2015 certified.